EXHIBIT 12.1

THE WET SEAL, INC.

COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND

PREFERRED STOCK DIVIDENDS

(AMOUNTS IN THOUSANDS, EXCEPT RATIOS AND WHERE NOTED)



|                                                               |  |                 |         |     |                 |   |         |                 |  |   |                 |     |  |                 |         |     |  |   |       
|-------------------------------------------------------------- |  | --------------- | ------- | --- | --------------- | - | ------- | --------------- |  | - | --------------- | --- |  | --------------- | ------- | --- |  | - | ------
|                                                               |  | February 3,2007 |         |     | January 28,2006 |   |         | January 29,2005 |  |   | January 31,2004 |     |  | February 1,2003
|EARNINGS:                                                      |  |                 |         |     |                 |   |         |                 |  |   |                 |     |  |                 |         |     |  |   |       
|(Loss) income from continuing operations before income taxes   |  | $               | (12,530 | )   |                 | $ | (29,032 | )               |  | $ | (164,080        | )   |  | $               | (61,287 | )   |  | $ | 10,309
|Fixed charges                                                  |  |                 | 39,868  |     |                 |   | 54,618  |                 |  |   | 24,898          |     |  |                 | 22,965  |     |  |   | 21,676
|Accretion of non-cash dividends on convertible preferred stock |  |                 |         |     |                 |   | (23,317 | )               |  |   |                 |     |  |                 |         |     |  |   |       
|                                                               |  |                 |         |     |                 |   |         |                 |  |   |                 |     |  |                 |         |     |  |   |       
|Total earnings                                                 |  | $               | 27,338  |     |                 | $ | 2,269   |                 |  | $ | (139,182        | )   |  | $               | (38,322 | )   |  | $ | 31,985
|                                                               |  |                 |         |     |                 |   |         |                 |  |   |                 |     |  |                 |         |     |  |   |       
|FIXED CHARGES:                                                 |  |                 |         |     |                 |   |         |                 |  |   |                 |     |  |                 |         |     |  |   |       
|Interest expense and amortization of deferred financing costs  |  | $               | 23,177  |     |                 | $ | 15,030  |                 |  | $ | 2,663           |     |  | $               |        |     |  | $ |      
|Estimated interest expense included in minimum gross rent (5)  |  |                 | 16,691  |     |                 |   | 16,271  |                 |  |   | 22,235          |     |  |                 | 22,965  |     |  |   | 21,676
|Accretion of non-cash dividends on convertible preferred stock |  |                 |         |     |                 |   | 23,317  |                 |  |   |                 |     |  |                 |         |     |  |   |       
|                                                               |  |                 |         |     |                 |   |         |                 |  |   |                 |     |  |                 |         |     |  |   |       
|Total fixed charges                                            |  | $               | 39,868  |     |                 | $ | 54,618  |                 |  | $ | 24,898          |     |  | $               | 22,965  |     |  | $ | 21,676
|                                                               |  |                 |         |     |                 |   |         |                 |  |   |                 |     |  |                 |         |     |  |   |       
|RATIO OF EARNINGS TO FIXED CHARGES                             |  |                 |        | (1) |                 |   |        | (2)             |  |   |                | (3) |  |                 |        | (4) |  |   | 1.48  
|                                                               |  |                 |         |     |                 |   |         |                 |  |   |                 |     |  |                 |         |     |  |   |       

---

|(1) | Earnings were insufficient to cover fixed charges by $12.5 million.
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|(2) | Earnings were insufficient to cover fixed charges by $52.3 million.
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|(3) | Earnings were insufficient to cover fixed charges by $164.1 million.
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|(4) | Earnings were insufficient to cover fixed charges by $61.3 million.
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|(5) | Interest component is estimated to be one-third of minimum gross rent.
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