Wet Seal Just Hired A Former Sears Exec To Fix Plummeting Sales (WTSLA)

Wet Seal has hired long-time industry veteran, John Goodman, to be its new CEO. Most recently, he was chief apparel and home officer of Sears Holdings, overseeing both the Sears and Kmart brands. He started his job today. And he has a lot of work to do. Wet Seal has been crushed lately. The previous CEO was fired after just 11 months on the job. The company's stock had dropped nearly 50 percent during her tenure and same-store sales declined every month. It also had the weakest sales of anything...