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)

	January 31, 2009		February 2, 2008		February 3, 2007			January 28, 2006			January 29, 2005
EARNINGS:
Income (loss) from continuing operations before income taxes	$	31,476	$	23,610	$	(12,530	)	$	(29,032	)	$	(164,080	)
Fixed charges		23,063		19,827		48,646			54,738			24,885
Accretion of non-cash dividends on convertible preferred stock									(23,317	)
Total earnings	$	54,539	$	43,437	$	36,116		$	2,389		$	(139,195	)
FIXED CHARGES:
Interest expense and amortization of deferred financing costs	$	2,863	$	1,136	$	31,955		$	15,150		$	2,650
Estimated interest expense included in minimum gross rent(4)		20,200		18,691		16,691			16,271			22,235
Accretion of non-cash dividends on convertible preferred stock									23,317
Total fixed charges	$	23,063	$	19,827	$	48,646		$	54,738		$	24,885
RATIO OF EARNINGS TO FIXED CHARGES		2.36		2.19		—	(1)		—	(2)		—	(3)

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