April 4, 1995 |
Wet Seal, a young women's apparel store, said Monday that it has agreed to purchase the Contempo Casuals women's clothing chain for $1 million in stock, nearly tripling the number of stores it owns nationwide. The company is buying Contempo's chain of 239 women's apparel stores from Neiman Marcus Group in Chestnut Hill, Mass., which had closed 50 Contempo sites last year because of poor sales. The transaction is expected to be completed at the end of May.
November 27, 1990 |
Thrifty Corp. has named Eve A. Rich, chairman and chief executive of Contempo Casuals women's clothing stores, to lead its Thrifty Drug chain, which has faced stiff competition in recent years. Rich, 49, will assume the position of president at the 577-store drug chain on Dec. 3. The position is a new one at Thrifty, whose stores are located mostly in Southern California. Rich had been at Los Angeles-based Contempo Casuals, a division of Neiman Marcus Group Inc., for 10 years.
October 24, 1985
Contempo Casuals, Los Angeles, a Carter Hawley Hale division specializing in women's clothing, named Chief Financial Officer Robert Kelleher an executive vice president. He reports to Bernard Zeichner, Contempo Casuals president.
July 5, 1998 |
Wet Seal Inc. said it has signed a contract to buy 83 Britches Great Outdoor Stores for under $15 million. Wet Seal said the purchase includes the leasehold improvements and fixtures in the locations, but does not include the assumption of any inventory or liabilities nor does it include the store name. Wet Seal, based in Foothill Ranch, will take possession of the locations Feb. 1.
December 12, 1996
Apparel retailer Wet Seal Inc. said Wednesday that it has made a bid to acquire 508 outlets operated by County Seat Stores Inc., a Dallas retailer of jeans and casual wear that is in bankruptcy. County Seat representatives and various creditor groups have not responded to the proposal, Wet Seal said. County Seat in October filed to reorganize under Chapter 11 of the Bankruptcy Code.
March 13, 1988
Permanent financing of $7.75 million has been arranged through California Federal Savings, Los Angeles, for the Westwood Dome Building, by the W. Ross Campbell Co. of Los Angeles. The 32,853-square-foot retail and office complex owned by Paramount Securities Corp. is located in the heart of Westwood Village and its flagship store is Contempo Casuals, a subsidiary of Neiman-Marcus.