Former Wet Seal reports $131 operating loss for October on zero sales

By Mark Reccek

Bethlehem, Pa., Nov. 17 – Seal123, Inc., formerly Wet Seal, Inc., posted an operating loss of $131 for October on zero sales, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.

For September, the company reported a $27 operating loss, also on zero sales.

Seal123’s net loss for October was also $131, up from a $27 September net loss.

The company held $7,931 in cash and cash equivalents as of Oct. 31, down from $8,205 at the end of September.

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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