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“Unfortunately, the company was unable to obtain the necessary capital or identify a strategic partner, and was recently informed that it will receive no further financing for its operations,” the letter read.
Though TV and movie reboots definitely make it seem like the ’90s are more alive than ever, a major part of that golden decade is officially dead as of this week: Wet Seal is closing all 148 of its remaining stores.
In a letter dated January 20th that was obtained by the , the brand’s Vice President and General Counsel Michelle Stocker informed 148 employees in the company’s headquarters as well as those working in the 171 stores that they would all be losing their jobs.
And while it’s fun to joke about our awkward teen selves for the trends we chose to spend our hard-earned cash on, hundreds of people losing their jobs is the polar opposite of a laughing matter.
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