8. Wet Seal
Wet Seal filed for bankruptcy protection in February with plans to close its remaining 170 or so stores. Since then, the remaining assets of the brand have been purchased by Canadian rival Gordon Brothers, though the deal still needs court approval, WWD reported. It is possible, however, that the company could open some stores under its new owner.
“Our plan for Wet Seal is to rebuild and reposition the brand and develop a unique new business model to best position it for future success.” Ramez Toubassy, who leads Gordon Brothers’ brands division told WWD. That’s not exactly a definitive statement, but it does leave the door open.
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