EXHIBIT 12.1

THE WET SEAL, INC.

COMPUTATION OF RATION OF EARNINGS TO COMBINED FIXED CHARGES AND

PREFERRED STOCK DIVIDENDS

(AMOUNTS IN THOUSANDS, EXCEPT RATIOS AND WHERE NOTED)



|                                                               |  |                 |         |     |                 |   |          |                 |  |   |                 |     |                 |   |        |  |   |       
|-------------------------------------------------------------- |  | --------------- | ------- | --- | --------------- | - | -------- | --------------- |  | - | --------------- | --- | --------------- | - | ------ |  | - | ------
|                                                               |  | January 28,2006 |         |     | January 29,2005 |   |          | January 31,2004 |  |   | February 1,2003 |     | February 2,2002
|EARNINGS:                                                      |  |                 |         |     |                 |   |          |                 |  |   |                 |     |                 |   |        |  |   |       
|(Loss) income from continuing operations before income taxes   |  | $               | (29,032 | )   |                 | $ | (164,080 | )               |  | $ | (61,287         | )   |                 | $ | 10,309 |  | $ | 51,150
|Fixed charges                                                  |  |                 | 54,618  |     |                 |   | 24,524   |                 |  |   | 22,583          |     |                 |   | 21,287 |  |   | 20,790
|Accretion of non-cash dividends on convertible preferred stock |  |                 | (23,317 | )   |                 |   |          |                 |  |   |                 |     |                 |   |        |  |   |       
|                                                               |  |                 |         |     |                 |   |          |                 |  |   |                 |     |                 |   |        |  |   |       
|Total earnings                                                 |  | $               | 2,269   |     |                 | $ | (139,556 | )               |  | $ | (38,704         | )   |                 | $ | 31,596 |  | $ | 71,940
|                                                               |  |                 |         |     |                 |   |          |                 |  |   |                 |     |                 |   |        |  |   |       
|FIXED CHARGES:                                                 |  |                 |         |     |                 |   |          |                 |  |   |                 |     |                 |   |        |  |   |       
|Interest expense and amortization of deferred financing costs  |  | $               | 15,030  |     |                 | $ | 2,663    |                 |  | $ |                |     |                 | $ |       |  | $ |      
|Estimated interest expense included in minimum gross rent (4)  |  |                 | 16,271  |     |                 |   | 21,861   |                 |  |   | 22,583          |     |                 |   | 21,287 |  |   | 20,790
|Accretion of non-cash dividends on convertible preferred stock |  |                 | 23,317  |     |                 |   |          |                 |  |   |                 |     |                 |   |        |  |   |       
|                                                               |  |                 |         |     |                 |   |          |                 |  |   |                 |     |                 |   |        |  |   |       
|Total fixed charges                                            |  | $               | 54,618  |     |                 | $ | 24,524   |                 |  | $ | 22,583          |     |                 | $ | 21,287 |  | $ | 20,790
|                                                               |  |                 |         |     |                 |   |          |                 |  |   |                 |     |                 |   |        |  |   |       
|RATIO OF EARNINGS TO FIXED CHARGES                             |  |                 |        | (1) |                 |   |         | (2)             |  |   |                | (3) |                 |   | 1.48   |  |   | 3.46  
|                                                               |  |                 |         |     |                 |   |          |                 |  |   |                 |     |                 |   |        |  |   |       

---

|(1) | Earnings were insufficient to cover fixed charges by $29.0 million.
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|(2) | Earnings were insufficient to cover fixed charges by $164.1 million.
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|(3) | Earnings were insufficient to cover fixed charges by $61.3 million.
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|(4) | Interest component is estimated to be one-third of minimum gross rent.
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