"There is potential for 600-plus stores in Wet Seal and at least250 stores in the Arden B Brand," said John Luttrell, EVP and CFO."We're not married to a number, but plan to grow the store count15% annually."
The company opened 14 new stores during the fourth quarter, netof closures.
For the 14-week fourth quarter, net sales were $166.4 million,compared with net sales of $141.4 million for the 13-week fourthquarter of the previous year. Comparable-store sales rose 3.1%. Thenet loss for the fourth quarter was $5.7 million, compared with anet loss of $2.9 million in the prior-year fourth quarter.
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