Wet Seal Filed Chapter 11 Bankruptcy



geralt / Pixabay
geralt / Pixabay

Friday, June 24, 2016

When I woke up this morning, I noticed it said 9am. But when I went downstairs, the TV and microwave clocks said it is 7am. I guess I set the alarm clock wrong because it gave me the wrong time. I did my usual routine and took out the trash before getting ready. Then, I drove to the gym, and enjoyed one hour of yoga. After I walked out of the gym, I noticed that Wet Seal boutique is completely empty and the windows have been blackened. There were people inside, cleaning up the empty space. I decided to stop at the Sports Authority to browse because it was still filled with items, waiting to be cleared.  Someone on Facebook told me to check out Brooks sneakers. I checked it out, and although they were 25% off, I thought it would still be expensive. I walked to my car and drove home, where I ate some salad.

Then, I googled Wet Seal stores, I noticed that it had filed Chapter 11 bankruptcy, and 338 stores will be closing down. Wow, that is sad because I used to shop at Wet Seal since the 90s, when I was in my 20s. For anyone who doesn’t know what Wet Seal store is, it is a teen boutique for young females, similar to Forever 21, H&M, and others. I have always shopped there for basics, mostly when I was younger, but I occasionally check out their store, now and then, for certain pieces that I am looking for. It is cheaper and more affordable than most boutiques, similar to Charlotte Russe, which is why it is probably more popular for preteen and teenage girls as well as college students and other young females. So, I think it is sad to see this store close down.

When I googled the closing of Wet Seal stores, an article noted that many young people’s interests in shopping has changed, preferring electronic gadgets, iPhones, video games, as well as stores like Forever 21 and H&M. I guess Wet Seal is just getting too old and out-dated, and they probably just needed a modern makeover to compete with the more modern young female boutiques.



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