Wet Seal maps plan to save $5.5 million

02/3/2013 | Wall Street Journal, The

Teen apparel retailer Wet Seal has eliminated the post of chief operating officer and cut 35 other positions as part of a larger cost-cutting plan aimed at saving $5.5 million this year, the company said Friday. COO Ken Seipel has resigned effective immediately, and his duties will be split between new CEO John Goodman and CFO Steve Benrubi.

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Wall Street Journal, The

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