Ashlee Simpson to Launch Wet Seal Line

Wet Seal will also sell the CD in stores.

Separately Thursday Wet Seal said it swung to a fiscal fourth-quarter profit, while revenue rose 8 percent to $179.6 million.

Wet Seal operates 494 stores in 47 states, the District of Columbia and Puerto Rico, including 399 Wet Seal stores and 95 Arden B stores.

Shares rose 26 cents, or 9.9 percent, to $2.89 during morning trading. The stock has traded between $1.81 and $6.67 during the past 52 weeks.