Former Wet Seal reports $259 operating loss for December, zero sales

By Mark Reccek

Bethlehem, Pa., Dec. 31 – Seal123, Inc., formerly Wet Seal, Inc., posted an operating loss of $259 for December on zero sales, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the District of Delaware.

For November, the company reported a $219 operating loss.

Seal123’s net loss for December was also $259, worsening from a $219 November net loss.

The company also held $1,519 in cash and cash equivalents as of Dec. 31, down from $7,712 at the end of November.

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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