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Virtual Piggy rebrands itself
Virtual Piggy has changed the name of its youth payments service to Oink.
The service enables teens to manage — with parental supervision — their allowances online, shop safely and track budgets, thereby teaching them financial management skills. Now called Oink, the service is available online or via mobile, and is 100% free to use. Oink will continue to employ Virtual Piggy’s privacy protection protocols, compliant with the Children’s Online Privacy Protection Act.
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Wet Seal flat in Q3
Foothill Ranch, Calif. -- Wet Seal recorded a loss of $14.9 million for the fiscal 2013 third quarter, essentially flat with last year.
Sales dipped to $127.7 million from $135.5 million, and same-store edged up 0.8%, including an increase of 1.7% at Wet Seal and a decrease of 6.7% at Arden B.