NEW YORK -- As sales declines deepen, teen clothing seller Wet Seal Inc. has fired Chief Executive Officer Susan McGalla without a replacement for her.
Ms. McGalla had been Wet Seal's CEO since January, 2011, and had signed an employment contract with the company through August, 2014. Her departure is effective immediately. The company's chairman, president, and chief financial officer are overseeing Wet Seal until a new CEO is found.
Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. Comments that violate these standards, or our privacy statement or visitor's agreement, are subject to being removed and commenters are subject to being banned. To post comments, you must be a registered user on toledoblade.com. To find out more, please visit the FAQ.