The Wet Seal Inc. (NASDAQ:WTSL), a teen clothing retailer, has filed for Chapter 11 bankruptcy protection in an effort to keep its remaining stores open. The announcement Friday comes a little ...

Wet Seal will pay $7.5 million to settle a racial discrimination lawsuit that accused the teen retailer of firing black employees to present a blond-and-blue-eyed front in its stores, according to ...

FILE - In this July 2, 2013, file photo, Shianne Penoli walks past the future location of Wet Seal at the Mount Shasta Mall in Redding, Calif. Wet Seal, a teen clothing retailer, has filed for ...

Displaced workers have responded by posting angry signs in vacant store windows. Wet Seal is reportedly only keeping West Coast locations open, while shutting down hundreds of stores across America.

Shares of Wet Seal fell 5 cents to $3.20 on Nasdaq. The news was released after markets closed. In after-hours trading, the shares slipped an additional 25 cents.

Wet Seal employees have reportedly been posting signs in store windows claiming the company didn't warn employees of the looming closures, took away benefits and didn't offer severance.

NEW YORK (AP) — The Wet Seal Inc. has filed for Chapter 11 bankruptcy protection in an effort to keep its remaining teen clothing stores open. The announcement Friday comes a little over a week ...

Three employees of teen-clothing store Wet ... store window on Sunday afternoon, had become the top story on the website Reddit by Monday morning. Friesner, who has worked for Wet Seal for eight ...

Teen-focused retailer Wet Seal LLC sought chapter 11 protection Thursday, the latest victim of market headwinds—declining traffic, changing consumer preferences and the popularity of online ...