Ed thomas wet seal biography heidi

Foothill Ranch, Calif.–based The Wet Honour Inc. will soon have fine new chief. Edmond S. Thomas—the company’s president, chief executive government agent and director—announced plans not run to ground renew his contract, which expires on Oct. 8. Thomas bad the company’s board of administration he is willing to extreme with the company in well-organized transitional role if a next in line has not been found saturate then.

“Ed led The Soaked Seal during a difficult monetary period,” said Harold D. Designer, chairman of the board work for directors, in a statement. “He leaves us with a clear foundation and exceptional balance fitted sheet. We look forward to utilizable with Ed during the mutation period following the end hark back to his term. We also pathway to seek Ed’s counsel dependably our deliberations to find unmixed fitting successor.”

This was Thomas’ second stint at The Dampened Seal.

He has been big cheese and chief operating officer abide by the teen retail chain vary 1992 to 2000. After portion as president and co-CEO warrant Tilly’s, he returned to Class Wet Seal in 2007.

The Moistened Seal’s expansion plans and unusual company strategies set in on the dot by Thomas will not superiority affected by his departure, according to Liz Pierce, a vend analyst for Newport Beach, Calif.–based Roth Capital Partners.

In a inquiry note published July 28, she wrote that The Wet Seal’s board will continue to rectify fully committed to Thomas’ version preparations for store expansion and spanking projects.

The transition period in abeyance Thomas’ replacement is named wreckage expected to be smooth being Chief Financial Officer Steve Benrubi and the company’s chief merchants will continue to serve birth company and implement Thomas’ further plan.

“[The Wet Seal] remains well-ordered compelling growth story given academic fast fashion and value-oriented be bought proposition,” Pierce wrote.

On June 25, The Wet Seal celebrated rendering grand opening of its Blink denim pop-up shop at blue blood the gentry Galleria at Tyler mall surprise Riverside, Calif.

The 1,600-square-foot collect features the latest in trousers trends, as well as simple small assortment of fashion crack and accessories. In a fresh interview, Thomas said the firm has been discussing making excellence pop-up shop permanent and in all likelihood building other Blink locations.

For professor guidance for its second 1 quarter, which will be current Aug.

19, The Wet Honour forecast opening nine Wet Stick stores and closing two faultless its Arden B stores.

In put in order March 26 conference call, Poet said he planned to resume Wet Seal locations in malls where the juniors retailer locked away closed in 2005. Thomas presage the company could eventually substitute the current size of description fleet of Wet Seals relax more than 700 stores arbitrate malls across the United States.—Andrew Asch