It looks like it's curtain time for The Wet Seal.

The struggling teen retailer is closing its 171 stores, along with its headquarters in Irvine, Calif., after being unable to obtain the necessary cash infusion or find a buyer, according to several media reports. 

The news comes on the heels of another teen - focused apparel retailer, The Limited, shutting down its operations. 

"Unfortunately, the company was unable to obtain the necessary capital or identifying a strategic partner, and was…