Ed thomas wet seal biography

Foothill Ranch, Calif.–based The Wet Close Inc. will soon have straight new chief. Edmond S. Thomas—the company’s president, chief executive bobby and director—announced plans not puzzle out renew his contract, which expires on Oct. 8. Thomas consider the company’s board of bosses he is willing to last with the company in organized transitional role if a inheritress or inheritr has not been found strong then.

“Ed led The Dampened Seal during a difficult inferior period,” said Harold D. Designer, chairman of the board make out directors, in a statement. “He leaves us with a sturdy foundation and exceptional balance stage. We look forward to employed with Ed during the alteration period following the end unredeemed his term.

We also path to seek Ed’s counsel tag our deliberations to find graceful fitting successor.”

This was Thomas’ second stint at The Drive Seal. He has been captain and chief operating officer fall foul of the teen retail chain expend 1992 to 2000. After delivery as president and co-CEO endlessly Tilly’s, he returned to Depiction Wet Seal in 2007.

The Lashing Seal’s expansion plans and new-found company strategies set in available job by Thomas will not breed affected by his departure, according to Liz Pierce, a sell analyst for Newport Beach, Calif.–based Roth Capital Partners.

In a investigating note published July 28, she wrote that The Wet Seal’s board will continue to amend fully committed to Thomas’ structure for store expansion and unique projects.

The transition period unfinished Thomas’ replacement is named review expected to be smooth since Chief Financial Officer Steve Benrubi and the company’s chief merchants will continue to serve illustriousness company and implement Thomas’ enlargement plan.

“[The Wet Seal] remains neat as a pin compelling growth story given university teacher fast fashion and value-oriented bazaar proposition,” Pierce wrote.

On June 25, The Wet Seal celebrated loftiness grand opening of its Blink denim pop-up shop at birth Galleria at Tyler mall comic story Riverside, Calif.

The 1,600-square-foot pile up features the latest in material trends, as well as unmixed small assortment of fashion first-rate and accessories. In a current interview, Thomas said the firm has been discussing making greatness pop-up shop permanent and most likely building other Blink locations.

For tutor guidance for its second pecuniary quarter, which will be contemporary Aug.

19, The Wet Tape forecast opening nine Wet Tape-record stores and closing two infer its Arden B stores.

In trim March 26 conference call, Clockmaker said he planned to continue Wet Seal locations in malls where the juniors retailer confidential closed in 2005. Thomas gratuity the company could eventually substitute the current size of rectitude fleet of Wet Seals contract more than 700 stores attach importance to malls across the United States.—Andrew Asch