Former Wet Seal reports $105 operating loss for August on zero sales

By Caroline Salls

Pittsburgh, Sept. 14 – Seal123, Inc., formerly Wet Seal, Inc., posted an operating loss of $105 for August on zero sales, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the District of Delaware.

For July, the company reported a $134 operating loss, also on zero sales.

Seal123’s net loss for August was also $105, narrowing from a $110 July net loss.

The company held $8,232 in cash and cash equivalents as of Aug. 31, down from $8,337 at the end of July.

Wet Seal, a Foothill Ranch, Calif.-based clothing retailer, filed for bankruptcy on Jan. 15, 2015 under Chapter 11 case number 15-10081.

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