Sponsors
Billabong ▲ +0.025 | PPR ▲ +1.05 | American Apparel ▲ +0.028 | The Buckle ▲ +0.03 | Columbia ▼ -0.07 | Deckers Outdoor ▲ +0.35 | Dicks ▼ -0.06 | Foot Locker ▲ +0.25 | Genesco ▼ -1.71 | Iconix Brand Group ▲ +0.28 | Jarden Corp ▲ +0.37 | Nordstrom ▼ -0.18 | Luxottica ▲ +0.79 | Nike ▼ -0.10 | Pacific Sunwear ▼ -0.21 | Skullcandy ▼ -0.02 | Sport Chalet - 0 | Urban Outfitters ▲ +0.22 | VF Corp ▲ +0.13 | Quiksilver ▼ -0.01 | Zumiez ▲ +0.38 | Macys ▲ +0.29 | Tillys ▲ +0.01 |
Ticker Sponsor
Readers Say
I require all our executives to read it
I require all our executives to read it

There is no better publication that I am aware of that is so accurate and on top of any news and developments in our industry. I personally recommend it to many people that want to know and understand more about our industry. For the most part, shop-eat-surf.com gets the stories first. As a matter of fact, I require all the executives in our company to read it.

- By Hezy Shaked, President & CEO, Tilly's
I waited too long to sign up for Executive Edition
I waited too long to sign up for Executive Edition

I read Shop-Eat-Surf at every opportunity, and I waited too long to sign up for the Executive Edition. It’s timely, relevant and clearly “from the industry, for the industry.

- By Andy Laats, President, Nixon
Industry Insight

AGENDA: Video recaps, 2015 show dates, "Love Made Me Do It" women's networking series on Wednesday.

STOKES ME: Deadline today to enter SIMA Humanitarian Fund's Bowl-a-thon fundraiser.

Details on Industry Insight.


Tiffany Montgomery
Print This Article

More details on Tom Kennedy's resignation from PacSun

By Tiffany Montgomery
December 11, 2008 6:43 AM

A few more details emerged yesterday about the departure of PacSun division President Tom Kennedy during a Pacific Sunwear presentation at a Wedbush Morgan Securities investor conference.

The PacSun division president job was designed for the company when it had multiple chains, Vice President of Investor Relations Gar Jackson said. Now that the company has only PacSun, that extra layer was not needed. Going forward, the head merchants for guys and juniors will report directly to CEO Sally Frame Kasasks.

A few other interesting notes from his talk:

- PacSun is having a good response to the new colored denim currently in stores. Color denim will also be a key item for spring.

- The company was very pleased with its Black Friday performance. Jackson said promotions drove traffic, and the company remains promotional as it tries to work through its inventory. PacSun started the quarter with inventory up 12 percent and it expects to end the fourth quarter with inventory down 9 percent.

- Gift card sales are weaker this year.

- Texas and the Midwest are the only strong regions for the company.

- The company reviews its leases during the normal course of business and will close about 30 to 40 stores over the next three years. Currently, PacSun has 816 regular stores and 126 outlet stores.

 


Articles You Might Have Missed