As sales declines deepen, teen clothing
seller Wet Seal Inc. has fired CEO Susan McGalla without a replacement for her.
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, and the company said Monday that
it is starting a search for a new CEO. In the meantime, the company’s chairman,
president and chief financial officer are overseeing Wet Seal.
