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Former Wet Seal sees $27 operating loss for September on zero sales
By Mark Reccek
Bethlehem, Pa., Oct. 7 – Seal123, Inc., formerly Wet Seal, Inc., posted an operating loss of $27 for September on zero sales, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.
For August, the company reported a $105 operating loss, also on zero sales.
Seal123’s net loss for September was also $27, down from a $105 August net loss.
The company held $8,205 in cash and cash equivalents as of Sept. 30, down from $8,232 at the end of August.
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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