May 17, 1992 |
For many Orange County executives, 1991 was a year when their pay packages came under greater shareholder scrutiny and corporate boards were cautious in handing out cash bonuses and perks. It mirrored a trend statewide of keeping executive compensation in line with a company's financial performance. Of the top 100 county executives on the list of publicly traded companies, one-third of the officers saw their cash compensation remain unchanged or had it reduced.
September 24, 1992 |
Wet Seal Stock Block: The former president of the Wet Seal women's apparel chain based in Irvine is selling a large block of his stock, according to a Securities and Exchange Commission filing. Ken Chilvers, who resigned in March, has registered 777,185 Class A common shares with the SEC to be offered for sale. The stock closed unchanged Wednesday on the NASDAQ market at $9.50 a share.
March 16, 1989 |
Wet Seal, a sportswear chain for juniors, said its sales reached $45 million last year, up 45% from 1987. The private, Irvine-based firm, which caters to women 14 to 25 years old, does not divulge its earnings. The chain was bought almost 5 years ago by Suzy Shier, the Canadian retail chain, which wanted to expand into Southern California. Suzy Shier became the majority owner; Ken Chilvers, company president, bought a minority interest. At the time, the chain had annual sales of $4.
March 3, 1992
The Wet Seal chain of women's apparel stores announced Monday that its sales for the fiscal year increased 11.6% to $119.9 million and that customer spending is on the rise. The sales increase, however, was fueled largely by expansion of the Irvine-based chain. Wet Seal opened 20 new stores during the fiscal year, for a total of 112 in California, Nevada, Arizona, Hawaii and Texas.
May 2, 1991 |
Q: How do you paint a wet seal? A: With watercolors. Wet Seal Inc., Irvine-based purveyor of trendy clothing for young women, has invited artists with mental or physical disabilities to enter a drawing contest. The drawing can be of any subject, but Wet Seal suggests such themes as popular or obscure holidays, historical or current women's fashions, the Wet Seal name and seals. The contest is open to all ages. Watercolor paintings, pen-and-ink sketches or pastel drawings are eligible.