William Cobb Appointed to Pacific Sunwear Board of Directors Aug 19, 2008
Source: Pacific Sunwear of California, Inc. ... Aug. 19, 2008 (GLOBE NEWSWIRE) -- Pacific Sunwear of California, Inc. (NasdaqGS: - ) (the ``Company'') today announced the appointment of William Cobb to the Company's Board of Directors ... About Pacific Sunwear of California, Inc.. (Primezone Releases)
Business briefing, week of Aug. 18 Aug 18, 2008
-- Earnings reports expected from Barnes and Noble, Bebe Stores, Burger King, Cost Plus, Dick's Sporting Goods, Ditech Networks, Foot Locker, Gap, H.J. Heinz, Hormel Foods, Intuit, Jamba Juice, LSI Industries, Pacific Sunwear of California. F. (San Francisco Chronicle -- Business)
More students sticking to basics Aug 18, 2008
In terms of clothing, Jharonne Martis, a research analyst for Thomson Reuters with expertise in the retail sector, said the back-to-school shopping season is shaping up to be slow, even for stores popular among teens such as American Eagle, Abercrombie & Fitch, Pacific Sunwear and Aeropostale. The Thomson Reuters Same Store Sales index, which tracks locations that have been open at least a year, has reflected a shift among shoppers from department stores to discount retailers such as Wal-Mart,... (New Haven Register, CT)
Justice Saves a Retailer Aug 14, 2008
Some will go the cheery Abercrombie & Fitch (NYSE: ANF) or American Eagle (NYSE: AEO) route, some the laid-back surf look from Pacific Sunwear (Nasdaq: PSUN), while others may prefer the darker bent at Hot Topic (Nasdaq: HOTT). Tween's stores simply deliver the young girls to the crossroads. (MSNBC -- Business)
US retail sales struggle in July Aug 8, 2008
Limited Brands, Pacific Sunwear and Gap all posted drops in sales as well ... Limited Brands reported a 5% decline in same-store sales, Gap suffered an 11% same-store sales drop, and Pacific Sunwear of California posted a 4% drop. (BBC News -- Americas)
Jobless Claims Rocket Aug 8, 2008
Many apparel stores including Limited Brands Inc., Abercrombie Co. and Pacific Sunwear of California were stuck in a rut. "Times are tough so people are husbanding their money," said Bill Cheney, chief economist at John Hancock Financial Services. (San Francisco Chronicle -- Business)
FOXBusiness: Dow Plunges 225 in Sea of Bad News Aug 8, 2008
It's like a 'What other shoe can drop'" mentality, said Davis, referring to the Citi news. AIG set the bearish mood even before the day started, posting its second-largest loss ever late Wednesday. The company's adjusted-loss of 51 cents per share missed average estimates of 46 cents per share. Aside from a brief cooling off period, oil prices didn't offer Wall Street much to cheer about. Crude closed $1.44 higher at $120.02 on the day. The gains for crude oil came despite another rally for the... (Fox News)
Retailers report mixed sales results in July Aug 8, 2008
Pacific Sunwear of California posted a 4 percent drop in same-store sales, worse than the 0. 4 percent estimate from Wall Street. (The Delaware County Times, PA)
July sales flat as school shopping season starts Aug 8, 2008
That trend was evident in July sales, as American Eagle , Limited Brands which owns Victoria's Secret Pacific Sunwear and other more youthful brands posted drops in same-store sales. Another alarming signal came from Wal-Mart , which projected Thursday that sales will slow in August, partly because of the fading effect of tax-rebate checks that had helped lift store sales earlier this year. (USA Today -- Money)
Retail Sales Languish as Consumers Scrimp Aug 7, 2008
(updates starting in second paragraph with numbers for Gap, Target, Talbots, Children's Place, Buckle, Pacific Sunwear; updates premarket activity throughout) ... On Thursday, Children's Place Retail Stores Inc. (PLCE) and Pacific Sunwear of California Inc. (PSUN) posted sales well below estimates. (SmartMoney)
Wal-Mart July sales miss estimates, forecast is dim Aug 7, 2008
Also reporting disappointing results were clothing retailer Gap, Pacific Sunwear, Hot Topic and Children's Place. "With the end of the stimulus checks, we know consumers are spending more cautiously, and we continue to see a pronounced paycheck cycle at the end of the month," said Eduardo Castro-Wright, head of Wal-Mart's U.S. operations. (USA Today -- Money)
U.S. consumer in a ‘fair amount of pain' Aug 7, 2008
But many apparel stores including Limited Brands Inc. and Pacific Sunwear of California remained in a malaise. Wal-Mart. (Globe and Mail -- Business)
Jobless claims rise to highest since March 2002 Aug 7, 2008
Many apparel stores including Limited Brands Inc., Abercrombie Co. and Pacific Sunwear of California remained in a malaise. On the layoffs front, the new filings for unemployment benefits were distorted somewhat by the outreach program to notify people that they could qualify for additional benefits under a new law. (Rapid City Journal, SD)
Henry Paulsonhas lost control Aug 6, 2008
Pacific Sunwear - 153 Demo stores closing. Pep Boys, an auto parts supplier - 33. (Asia Times Online)
TapouT taps into mixed martial arts craze Jul 22, 2008
Since 2006, TapouT has been selling its products through a growing roster of national retailers including Tilly's, Hot Topic, Champs, Pacific Sunwear and Dillard's. Like the fighters it sponsors, TapouT has become a business force to be reckoned with, and major corporate players have taken notice. (Scripps Howard News Wire)
Nontraditional tenants filling up vacant malls Jul 4, 2008
A number of national chains including AnnTaylor Stores Corp., Talbots Inc. and Pacific Sunwear Of California Inc. have already closed hundreds of stores this year. Others, like gadget maker Shaper Image Corp., have filed for bankruptcy protection. (MSNBC -- Business)
Retailers closing stores in Atlanta Jun 24, 2008
Pacific Sunwear of California Inc. is closing all of its demo brand clothing stores, including ones at Southlake Mall, Town Center at Cobb and the Mall of Georgia. The apparel segment of retail accounted for the largest number of store closing announcements in the first quarter, according to an April 16 report from the International Council of Shopping Centers (ISCS), a retail trade association out of New York. (Atlanta Business Chronicle, GA)
CEO Inteview: David Simon Jun 3, 2008
CEO Interview: Simon Property Group (Simon Property Group) at SmartMoney (SmartMoney)
Still Striving May 31, 2008
In 1996 I joined Pacific Sunwear (surf/skate company) as a senior buyer of young men's (clothing). I became a divisional merchandise manager and was later promoted to vice president/GMM.. (Lodi News Sentinel, CA)
FMC Technologies -- Heading for A Dive? May 26, 2008
US Airways and Pacific Sunwear fell. Stocks and bonds face the summer of their discontent as FOMC minutes signal no more easing moves. (Barron's)
Stocks Dive (Again) as Bears Seize Control May 25, 2008
Pacific Sunwear (PSUN) slid 11 ... However, Pacific Sunwear now sees 2008 earnings of 67 cents per share, compared to earlier guidance of 73 cents to 77 cents. (Fox News)
Evasive Maneuvers May 24, 2008
Inc. (BUD),Foot Locker Inc. (FL),General Motors Corp. (GM),Lehman Brothers Holdings Inc. (LEH),Pacific Sunwear of California Inc. (PSUN)) at SmartMoney. com. (SmartMoney)
Strike could affect UCSD Medical Center May 24, 2008
Pacific Sunwear of California fell the most in six years after the clothing chain said annual earnings will be less than a previous forecast on sluggish sales in states hit by the U.S. housing slump. About one-quarter of the company's 942 PacSun stores are in California, Florida and the Southwest, areas that have been reeling from the housing decline. (San Diego Union-Tribune -- Business)
Earnings roundup: Books-A-Million, Pacific Sunwear May 23, 2008
(AP) - Clothing retailer Pacific Sunwear of California Inc. (nasdaq: - - ) said Thursday it posted a wider first-quarter loss on lower sales and a charge related to the closure of a facility. EVERETT, Wash. (Forbes)
Foolish Forecast: PacSun's Not Packin' Heat Yet May 22, 2008
Teen retailer Pacific Sunwear (Nasdaq: PSUN) will report first-quarter 2008 financial results tomorrow ... One Fool says:I've been fairly bullish on Pacific Sunwear since it came to its senses, but in full recognition that the turnaround wasn't going to be swift ... 51 and a forward price-to-earnings ratio of 12, none looks so swimmingly eye-catching as does Pacific Sunwear. (MSNBC -- Business)
MARKET SNAPSHOT: US Stocks Close With Modest Gains On Discount ... May 9, 2008
In other retail results, Pacific Sunwear of California (PSUN) sales rose a smaller-than-forecast 4%, with the retailer expecting a loss for the first quarter. Best Buy Co. Inc. (BBY) fell 3. (CNNMoney.com)
Retail: Stil Not So Great May 9, 2008
Pacific Sunwear (nasdaq: - - ) had a 4. 0% increase in sales which was below the 5. (Forbes -- Markets)
Gottschalks expansion plan put on hold for year May 8, 2008
"The International Council of Shopping Centers predicts 5,770 stores will close in the United States this year, up 25% from last year, amid an economic downturn that has driven retail sales growth rates to decade-long lows across the country in recent months.Home Depot last week said it was canceling plans for 50 new stores and would close 15 underperforming stores this year. Other chains that have announced store closures this year include Starbucks, Foot Locker, Ann Taylor, Zales, Pacific... (Fresno Bee)
Retailers Post Gains; Groceries Feed Wal-Mart May 8, 2008
But Pacific Sunwear of California Inc. projected a wider quarterly loss than anticipated. Urban Outfitters Inc. reported a 10% jump Thursday in fiscal first-quarter same-store sales, with double-digit gains at all three of its chains. (SmartMoney)
Shoppers stick to necessities in April; Wal-Mart sales up May 8, 2008
Pacific Sunwear of California posted a 4% increase in same-store sales, below the 5. 6% estimate. (USA Today -- Money)
Charming Shoppes' Settlement Offer to Crescendo and Myca Rejected; Company Proposes to Appoint Retail Executives Richard Bennet and Michael Goldstein to Board of Directors; Announces Enhancements to Corporate Governance Practices May 6, 2008
Mr. Goldstein currently serves as lead independent director at Medco Health Solutions, and as a director of 4Kids Entertainment, The Bear Stearns Companies, Martha Stewart Living Omnimedia, and Pacific Sunwear of California. He has previously served on the Board of Directors of United Retail Group, Finlay Enterprises, The Houghton Mifflin Company and Galyans Trading. (PR Newswire)
Teens turn to thrift as jobs vanish May 2, 2008
Abercrombie reported a disappointing 10 percent sales drop in March, while Pacific Sunwear of California Inc. announced earlier this year it was shuttering its urban-inspired Demo stores. Among the few bright spots is Aeropostale Inc., whose jeans are about 30 percent cheaper than Abercrombie. (Helena Independent Record, MT)
Big retailers unwind ambitious plans May 2, 2008
Over the last six months, chains like Starbucks, Pacific Sunwear and Ann Taylor have vowed to close a combined 1,000 stores, which is expected to remake hundreds of shopping centers around the country ... Pacific Sunwear is shutting a 153-store chain called Demo. (International Herald Tribune -- Business)
Disney to shutter 98 stores; Home Depot closing 15 May 2, 2008
Pacific Sunwear will close its 154 remaining Demo stores. Dan Butler of the National Retail Federation cautions, however: "Closing underperforming stores happens all the time. You really have to look at store openings and store closings.". (USA Today -- Money)
America's Next Top Value Stock Apr 15, 2008
Pacific Sunwear (Nasdaq: PSUN) ... Walking the stock runwayKB Home, Washington Mutual, and Pacific Sunwear all have some blemishes ... And though there's a bit more support for Stock Advisor pick Pacific Sunwear, the community thinks there are better options out there. (MSNBC -- Business)
Most were sluggish in March. Apr 11, 2008
But March proved to be another weak month for many others, including J.C. Penney , Gap , Limited Brands and Pacific Sunwear of California ... Among teen retailers, Pacific Sunwear's sales dropped 8%, much greater than the 1. (USA Today -- Money)
Retail On The Rocks Mar 29, 2008
We have already observed retailers tossing in the towel on offshoot concepts, mostly recently Pacific Sunwear of California (nasdaq: - - ) closing its D.E.M.O. business and Talbots (nyse: - - ) exiting its men's and children's operations. Despite valuations at historical lows for a wide range of retail stocks, we are not seeing a catalyst on the horizon that indicates consumer discretionary stocks should be purchased currently. (Forbes)
U.S. malls start to feel consumer slowdown Mar 15, 2008
Ann Taylor Stores, Talbots and Pacific Sunwear of California have closed hundreds of stores so far this year. The Sharper Image, a gadget-seller that filed for bankruptcy protection last month, plans to close nearly half of its 184 stores. (International Herald Tribune -- Business)
Economic woes lead to retail retrenchment Mar 15, 2008
Retailers including AnnTaylor Stores Corp., Talbots Inc. and Pacific Sunwear of California Inc. have closed hundreds of stores so far this year. Gadget seller Sharper Image Corp. filed for bankruptcy protection last month and plans to shutter nearly half of its 184 stores. (MSNBC -- Business)
Retailers report mixed sales for Feb. Mar 7, 2008
Pacific Sunwear of California Inc. said same-store sales rose 6 percent in February. Analysts expected a 0. (MSNBC -- Business)
Discounters benefit from focus on basics Mar 7, 2008
But Pacific Sunwear of California said same-store sales rose 6% in February. Analysts expected a 0. (USA Today -- Money)
Housing-market bust has retailers in retreat Feb 17, 2008
Companies such as Talbots, Pacific Sunwear, Ann Taylor and Zale Corp. are closing stores ... Pacific Sunwear is closing its demo chain, which sells urban-inspired apparel, including the Mission Valley location. (San Diego Union-Tribune -- Business)
Pacific Sunwear to Present At ROTH Capital Partners Conference Feb 15, 2008
Source: Pacific Sunwear of California, Inc. ... Feb. 14, 2008 (PRIME NEWSWIRE) -- Pacific Sunwear of California, Inc. (NasdaqGS: - ), is scheduled to present at the ROTH Capital Partners Conference on Wednesday, February 20, 2008 at 12:00 PM/PST. Pacific Sunwear will be represented at the conference by Michael Henry, Senior Vice President and Chief Financial Officer ... The presentation will also be available via live webcast and interested parties can access the event at the Pacific Sunwear... (Primezone Releases)
Town offers new tool in wooing retailers Feb 14, 2008
The target list includes Applebee s, Bath Works, Best Buy, Border s, Cracker Barrel, Dillard s, Famous Footwear, Kohl s, Lowes, Marble Slab Creamery, Office Depot, Outback Steakhouse, Pacific Sunwear, Petland, Sherwin-Williams, Sizzler, Sportsman s Warehouse, Target, United Artists Theaters and Wendy s.. The town also has a secondary list that includes another 100 retailers, including many other well-known names, from Ace Hardware to the Village Inn, plus some retailers already in town, such as... (Green Valley News & Sun, AZ)
Retailers Report Weak January Results Feb 8, 2008
The disappointments cut across all sectors including teen retailers like Pacific Sunwear of California Inc., mall-based apparel chain Limited Brands Inc.. Related Stories. (ABC News -- Business)
America's Economy Ailing Feb 8, 2008
Of note, the weak numbers cut across all sectors including discounters like Wal-Mart Stores, teen retailers including Pacific Sunwear of California (nasdaq: - - ) and mall-based apparel chain Limited Brands (nyse: - - ). Even more affluent shoppers are pulling back, hurting high-end chains like Nordstrom (nyse: - - ). (Forbes)
Shoppers become stingy with gift cards Feb 8, 2008
Hot Topic Inc. and Wal-Mart stuck with their outlooks, while Pacific Sunwear, Wet Seal and Gap Inc. raised their profit guidance despite lower sales. Retailers are expected to offer a better picture of the impact of slower sales and may shed light on gift card redemptions when they report fourth-quarter earnings over the next few weeks. (San Diego Union-Tribune)
MicroStrategy Announces Record Revenues of $351 Million in 2007 Feb 2, 2008
"MicroStrategy achieved record revenues in the fourth quarter and sustained a high operating margin while continuing to expand its global reach. We are delighted with the progress we have made this past year and look forward to leveraging our strengths as an independent business intelligence company in 2008." New Customers and New Deals with Existing Customers in Q4 2007 Included: Bell Canada; BMC West Corporation; Cancer Care Ontario; Chiquita Brands LLC; Classic Residence by Hyatt; Cox... (PR Newswire)
Michael Henry Named Senior Vice President and Chief Financial Officer of Pacific Sunwear of California, Inc. Jan 25, 2008
Source: Pacific Sunwear of California, Inc. ... Jan. 25, 2008 (PRIME NEWSWIRE) -- Pacific Sunwear of California, Inc. (NasdaqGS: - ) today announced the selection and appointment of Michael Henry as Senior Vice President and Chief Financial Officer of the Company ... Mike has been a valued contributor to Pacific Sunwear over the past seven years. (Primezone Releases)
Ambler resident hopes to bring new attitude to an old business Jan 23, 2008
He explained there were no X Games, an annual multi-sport event focusing on action sports; chain stores like Zumiez and Pacific Sunwear that sell skateboarding and snowboarding gear; or shows like "Life of Ryan," an MTV reality show following teen pro skateboarder Ryan Sheckler. "It was always a sport," Militello said. (Springfield Sun, PA)
Dismal holiday sales shuts stores Jan 18, 2008
template_bastemplate_bas Zale, Liz Claiborne and Pacific Sunwear are among the companies planning closures ... " Related Stories - - - Zale Corp. said Tuesday that by the end of February it would have closed 60 Zales, Gordon's Jewelers and Piercing Pagoda locations, including a Zales in Fashion Valley Mall in San Diego and a Piercing Pagoda kiosk at the Promenade in Temecula, Calif. Zale also said it would close several dozen more stores later this year. Liz Claiborne Inc., which has been... (Los Angeles Times)
AG's office cites mall stores for violating child labor laws Jan 17, 2008
Eight stores in the Burlington Mall were cited, including 57 violations at Hollister Co.; 16 violations at Headway Corporate Staffing Services/Christmas Express; three violations at Pacific Sunwear: two violations at the Stride Rite Corp; and one violation each at Au Bon Pain, The Children s Place Retail Stores Inc., and Lego Brand Retail Inc. ... Pacific Sunwear Stores, Burlington Mall, Burlington ... Pacific Sunwear Store, Silver City Galleria Mall, Taunton. (Burlington Union, MA)
Wal-Mart, teens could be 2008's best retail bet Jan 15, 2008
Among those retailers, she said Wet Seal Inc, Urban Outfitters Inc and Pacific Sunwear of California Inc could be stocks to buy. But while teens continue to shop, their parents are more likely to stay on the sidelines, analysts said. (San Diego Union-Tribune -- Business)
Retailers seen closing stores, paring growth Jan 14, 2008
Earlier this month, apparel retailer Talbots Inc said it would exit its Talbots Kids and Mens lines, while Pacific Sunwear of California Inc said it would close its struggling chain of 154 demo stores, which sell urban inspired clothing. The announcement came after Pacific Sunwear said last year that it would close its trendy One Thousand Steps shoe boutiques ... Tunick said that excluding its demo and One Thousand Steps stores, Pacific Sunwear will have about 800 stores, which will give it a... (ABC News -- Wire)
Holiday sales figures sluggish for nation's retailers Jan 11, 2008
Particularly hard-hit are clothing retailers including The Limited and Pacific Sunwear. Wal-Mart is one of a few bright spots. (WOKR13 Rochester)
Retailers report weak December sales Jan 11, 2008
Pacific Sunwear of California Inc. posted a 2. 8 percent decline in same-store sales, a little bit better than the 3. (Atlanta Journal-Constitution -- Business)
Retailers report weak results for December as gas prices, slumping housing market take toll Jan 11, 2008
Meanwhile, teen retailer Pacific Sunwear of California Inc. said last week it will close its 154 Demo stores, which sell urban apparel, by May. Macy's Inc. which continues to struggle with the integration of its acquired May Co. department stores into its national brand announced last month it will shutter nine stores that employ a total of about 900 people. (San Diego Union-Tribune -- Business)
Retailers Post Weak Holiday Sales Jan 10, 2008
Pacific Sunwear of California Inc. reported a surprise drop early Thursday and lowered its earning forecast, something peer Zumiez Inc. did last week. Conversely, Buckle Inc. posted a 19% surge in December same-store sales, above already-robust estimates for a 10% increase. (SmartMoney)
Wal-Mart, other discounters do best in weak December Jan 10, 2008
The weak results came from across all retail categories, but particularly hard hit were apparel sellers including Limited Brands and teen retailer Pacific Sunwear of California ... Pacific Sunwear of California posted a 2. (USA Today -- Money)
Another Wipeout for Zumiez Jan 8, 2008
Shares of Volcom (Nasdaq: VLCM), which provides merchandise to retailers such as Zumiez, Pacific Sunwear (Nasdaq: PSUN), and Macy's (NYSE: M), were also notably hit last week. Zumiez's news today probably won't help investor sentiment on Volcom, either. (MSNBC -- Business)
Retail slides on economic outlook, profit warnings Jan 6, 2008
Pacific Sunwear of California Inc. (:PSUN, , , Last. Delayed quote data. (MarketWatch)
Pacific Sunwear, Talbots closing non-core chains Jan 5, 2008
NEW YORK (AP) Retailers Pacific Sunwear of California and Talbots both announced Friday that they will close chains that did not fit their core business. Pacific Sunwear the surfing-inspired teen clothing retailer, will close its struggling chain of 154 demo stores,, which sell urban-inspired clothing, "as soon as is practical" and take a charge of up to $50 million ... In October, Pacific Sunwear said it would close its trendy One Thousand Steps shoe boutiques and was exploring alternatives for... (USA Today -- Money)
Retailers post mixed results for November Dec 7, 2007
Pacific Sunwear of California had a same-store sales increase of 2. 3%, a bit below the 2. (USA Today -- Money)
Retailers leak own ads to websites Nov 21, 2007
Over the past few weeks, , Pacific Sunwear, CompUSA, and each supplied the sites with an advance copy of its ads, according to the chains and the sites' owners. The unlikely alliance between stores and the websites, once the sworn enemy of the industry, indicates how worried retailers are about the holiday shopping season. (Boston Globe)
U.S. retailers working with Web sites to lift post-Thanksgiving sales Nov 21, 2007
Over the past few weeks, Home Depot, Pacific Sunwear, CompUSA and OshKosh B'Gosh supplied the sites with copies of their ads, according to the site owners ... net, the most popular of the so-called Black Friday Web sites, did not immediately post a circular from Pacific Sunwear earlier this month, an employee at the clothing chain made it clear how important the site was to the company ... Pacific Sunwear, the clothing chain for teenagers, began giving its circular to the Web sites two years... (International Herald Tribune)
