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.

(2) Earnings were insufficient to cover fixed charges by $52.3 million.

(3) Earnings were insufficient to cover fixed charges by $164.1 million.

(4) Earnings were insufficient to cover fixed charges by $61.3 million.

(5) Interest component is estimated to be one-third of minimum gross rent.