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 2, 2008		February 3, 2007			January 28, 2006			January 29, 2005			January 31, 2004
EARNINGS:
Income (loss) before provision for income taxes	$	23,610	$	(12,530	)	$	(29,032	)	$	(164,080	)	$	(61,287	)
Fixed charges		19,827		48,646			54,738			24,898			22,965
Accretion of non-cash dividends on convertible preferred stock							(23,317	)
Total earnings	$	43,437	$	36,116		$	2,389		$	(139,182	)	$	(38,322	)
FIXED CHARGES:
Interest expense and amortization of deferred financing costs	$	1,136	$	31,955		$	15,150		$	2,663		$	—
Estimated interest expense included in minimum gross rent (5)		18,691		16,691			16,271			22,235			22,965
Accretion of non-cash dividends on convertible preferred stock							23,317
Total fixed charges	$	19,827	$	48,646		$	54,738		$	24,898		$	22,965
RATIO OF EARNINGS TO FIXED CHARGES		2.2		—	(1)		—	(2)		—	(3)		—	(4)

(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.