Former Wet Seal reports June operating loss of $723 with zero sales

By Kali Hays

New York, July 27 – Seal123, Inc., formerly Wet Seal, Inc., posted an operating loss of $723 for June on zero sales, according to an operating report filed Friday with the U.S. Bankruptcy Court for the District of Delaware.

For May, the company reported an operating loss of $98, also on zero sales.

Wet Seal’s net loss for June was $618, up from $98 in May.

The company also held $8,447 in cash and cash equivalents as of June 30, down from $9,066 held at the end of May.

Wet Seal, a Foothill Ranch, Calif.-based clothing retailer, filed for bankruptcy on Jan. 15 under Chapter 11 case number 15-10081.

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