In a letter to employees, company officials said they were not able to raise enough funds or find a buyer to stay open.
The chain has 171 stores in 42 states.
CNN contributed to this report.
Wet seal is shutting down over 170 of its locations after the retailer failed to turn its business around.
In a letter to employees, company officials said they were not able to raise enough funds or find a buyer to stay open.
The chain has 171 stores in 42 states.
CNN contributed to this report.
In a letter to employees, company officials said they were not able to raise enough funds or find a buyer to stay open.
The chain has 171 stores in 42 states.
CNN contributed to this report.