UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549





FORM 10-K/A

Amendment No. 1





(Mark One)



|x | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|- | ------------------------------------------------------------------------------------

For the fiscal year ended February 2, 2008

OR



| ̈ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|- | ----------------------------------------------------------------------------------------

Commission file number 0-18632

THE WET SEAL, INC.

(Exact name of registrant as specified in its charter)



|                                                               |  |                                     
|-------------------------------------------------------------- |  | ------------------------------------
|Delaware                                                       |  | 33-0415940                          
|(State or other jurisdiction of incorporation or organization) |  | (I.R.S. Employer Identification No.)
|                                                               | 
|26972 Burbank, Foothill Ranch, CA                              |  | 92610                               
|(Address of principal executive offices)                       |  | (Zip Code)                          

(949) 699-3900

(Registrants telephone number, including area code)

Securities registered pursuant to
Section 12(b) of the Act:



|                                                |  |                                          
|----------------------------------------------- |  | -----------------------------------------
|Title of Each Class                             |  | Name of Each Exchange on Which Registered
|Class A Common Stock, $0.10 par value per share |  | NASDAQ Global Market                     

Securities registered pursuant to Section 12(g) of the Act: None





Indicate by check mark whether the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities
Act.    Yes   ̈    No  þ

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.    Yes   ̈    No  þ

Indicate by check mark whether the
registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and
(2) has been subject to such filing requirements for the past 90 days.    Yes  þ    No   ̈

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained,
to the best of registrants knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.    þ

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer. See
definition of accelerated filer and large accelerated filer in Rule 12b-2 of the Exchange Act:

Large accelerated
filer:   ̈        Accelerated filer:  þ        Non-accelerated
filer:   ̈

Indicate by check mark whether the registrant is a shell company (as defined in Rule
12b-2 of the Exchange Act).    Yes   ̈    No  þ

The aggregate market value of voting stock held by non-affiliates of the registrant as of August 4, 2007, was approximately $401,880,000 based on the
closing sale price of $4.61 per share as reported on the NASDAQ Global Market on August 3, 2007.

The number of shares outstanding of
the registrants Class A common stock, par value $0.10 per share, at April 7, 2008, was 92,205,051. There were no shares outstanding of the registrants Class B common stock, par value $0.10 per share, at April 7, 2008.

DOCUMENTS INCORPORATED BY REFERENCE

None.









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EXPLANATORY NOTE

This Amendment No. 1 to the Annual Report on Form 10-K of The Wet Seal, Inc. amends the Companys Annual Report on Form 10-K for the year ended
February 2, 2008 filed with the Securities and Exchange Commission (the SEC) on April 10, 2008. This Amendment No. 1 is being filed to include the conformed signature of Deloitte & Touche LLP, an independent
registered public accounting firm, which was inadvertently omitted in the Companys original filing of the Form 10-K, on their report regarding their evaluation of the Companys internal control over financial reporting as disclosed
in Item 9A of Form 10-K.

This Amendment No. 1 continues to speak as of the date of the original Form 10-K for the fiscal year
ended February 2, 2008, and we have not updated or amended the disclosures contained herein to reflect events that have occurred since the filing of the original Form 10-K, or modified or updated those disclosures in any way other than as
described in the preceding paragraph. Accordingly, this Amendment No. 1 should be read in conjunction with our other filings made with the SEC subsequent to the filing of the Form 10-K on April 10, 2008.









|Item 9A. | Controls and Procedures
|-------- | -----------------------

Disclosure Controls and Procedures

We conducted an evaluation, under the supervision and with the participation of our chief executive officer and chief financial officer, of
the effectiveness of the design and operation of our disclosure controls and procedures (as such term is defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the Exchange Act)) as of the end of
the period covered by this report. Based on such evaluation, our chief executive officer and chief financial officer have concluded that, as of the end of such period, our disclosure controls and procedures are effective in recording, processing,
summarizing and reporting, on a timely basis, information required to be disclosed by us in the reports that we file or submit under the Exchange Act and are effective in ensuring that information required to be disclosed by us in the reports that
we file or submit under the Exchange Act is accumulated and communicated to our management, including our chief executive officer and chief financial officer, as appropriate to allow timely decisions regarding required disclosure.

Changes in Internal Control Over Financial Reporting

During the fiscal quarter ended February 2, 2008, no changes occurred with respect to our internal control over financial reporting that materially affected, or are reasonably likely to materially affect, internal control over financial
reporting.

Managements Report on Internal Control Over Financial Reporting

Our management is responsible for establishing and maintaining adequate internal control over financial reporting, as such term is defined in Exchange Act
Rules 13a-15(f) and 15d-15(f). Under the supervision and with the participation of our management, including our chief executive officer and chief financial officer, our management conducted an evaluation of the effectiveness of our internal control
over financial reporting as of February 2, 2008, based on the framework in Internal ControlIntegrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission. Based on our managements evaluation
under the framework in Internal ControlIntegrated Framework, our management concluded that our internal control over financial reporting was effective as of February 2, 2008.

Our internal control over financial reporting as of February 2, 2008, has been audited by Deloitte & Touche LLP, an independent registered public
accounting firm, as stated in their report which is included herein.



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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors and Stockholders of

The Wet Seal, Inc.

We have
audited the internal control over financial reporting of The Wet Seal, Inc. and subsidiaries (the Company) as of February 2, 2008, based on criteria established in Internal Control  Integrated Frameworkissued by the
Committee of Sponsoring Organizations of the Treadway Commission. The Companys management is responsible for maintaining effective internal control over financial reporting and for its assessment of the effectiveness of internal control
over financial reporting, included in the accompanying Managements Report on Internal Control Over Financial Reporting. Our responsibility is to express an opinion on the Companys internal control over financial reporting based on
our audit.

We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United
States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether effective internal control over financial reporting was maintained in all material respects. Our audit included obtaining an
understanding of internal control over financial reporting, assessing the risk that a material weakness exists, testing and evaluating the design and operating effectiveness of internal control based on the assessed risk, and performing such other
procedures as we considered necessary in the circumstances. We believe that our audit provides a reasonable basis for our opinion.

A
companys internal control over financial reporting is a process designed by, or under the supervision of, the companys principal executive and principal financial officers, or persons performing similar functions, and effected by the
companys board of directors, management, and other personnel to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally
accepted accounting principles. A companys internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the
transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles,
and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized
acquisition, use, or disposition of the companys assets that could have a material effect on the financial statements.

Because of
the inherent limitations of internal control over financial reporting, including the possibility of collusion or improper management override of controls, material misstatements due to error or fraud may not be prevented or detected on a timely
basis. Also, projections of any evaluation of the effectiveness of the internal control over financial reporting to future periods are subject to the risk that the controls may become inadequate because of changes in conditions, or that the
degree of compliance with the policies or procedures may deteriorate.

In our opinion, the Company maintained, in all material respects,
effective internal control over financial reporting as of February 2, 2008, based on the criteria established in Internal Control  Integrated Frameworkissued by the Committee of Sponsoring Organizations of the Treadway Commission.

We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the consolidated
financial statements as of and for the year ended February 2, 2008, of the Company and our report dated April 10, 2008, expressed an unqualified opinion on those financial statements.

/s/ DELOITTE & TOUCHE LLP

Costa Mesa,
CA

April 10, 2008



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SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.



THE WET SEAL, INC. (Registrant)By:

/s/    EDMOND S. THOMASEdmond S. ThomasPresident andChief Executive OfficerBy:

/s/    STEVEN H. BENRUBISteven H. BenrubiExecutive Vice President andChief Financial Officer


Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been
signed below by the following persons on behalf of the registrant and in the capacities indicated and on the dates indicated.



|                                                 |  |                                                                                                          |  |            
|------------------------------------------------ |  | -------------------------------------------------------------------------------------------------------- |  | -----------
|Signatures                                       |  | Title                                                                                                    |  | Date Signed
|                                                 |  |                                                                                                         
|/s/    EDMOND S.
THOMAS Edmond S. Thomas         |  | President and Chief Executive Officer (Principal Executive Officer) and Member of the Board of Directors |  | May 1, 2008
|                                                 |  |                                                                                                         
|/s/    STEVEN H.
BENRUBI Steven H. Benrubi       |  | Executive Vice President and Chief Financial Officer (Principal Financial and Accounting Officer)        |  | May 1, 2008
|                                                 |  |                                                                                                         
|/s/    ALAN
SIEGEL Alan Siegel                   |  | Chairman of the Board of Directors                                                                       |  | May 1, 2008
|                                                 |  |                                                                                                         
|/s/    JONATHAN
DUSKIN Jonathan Duskin           |  | Director                                                                                                 |  | May 1, 2008
|                                                 |  |                                                                                                         
|/s/    SIDNEY M.
HORN Sidney M. Horn             |  | Director                                                                                                 |  | May 1, 2008
|                                                 |  |                                                                                                         
|/s/    HAROLD D.
KAHN Harold D. Kahn             |  | Director                                                                                                 |  | May 1, 2008
|                                                 |  |                                                                                                         
|/s/    KENNETH M.
REISS Kenneth M. Reiss         |  | Director                                                                                                 |  | May 1, 2008
|                                                 |  |                                                                                                         
|/s/    HENRY D.
WINTERSTERN Henry D. Winterstern |  | Director                                                                                                 |  | May 1, 2008
|                                                 |  |                                                                                                         
|/s/    MICHAEL
ZIMMERMAN Michael Zimmerman       |  | Director                                                                                                 |  | May 1, 2008



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