Wet Seal Annual Meeting May Offer Answers

Shareholders with questions about Wet Seal Inc.’s volatile stock price or its rapidly expanding Arden B. chain might get some answers today at the Foothill Ranch-based company’s annual meeting. The retailer of young women’s clothing has struggled in recent months with a bouncing stock price that sank to a three-month low of $26.63 last week, after briefly hitting an all-time high of $47 on May 10. The stock closed Tuesday at $27.81, down 6 cents in Nasdaq trading. Analysts have attributed the drop to investor concern over slower-than-expected first-quarter sales. The company operates Wet Seal stores as well as Contempo Casuals, Arden B. and Limbo Lounge stores nationwide.