Sponsors
Billabong ▲ +0.020 | PPR ▲ +1.55 | American Apparel ▲ +0.001 | The Buckle ▲ +0.41 | Columbia ▲ +0.28 | Deckers Outdoor ▼ -0.79 | Dicks ▲ +1.05 | Foot Locker ▲ +0.17 | Genesco ▼ -0.28 | Iconix Brand Group ▼ -0.09 | Jarden Corp ▼ -0.89 | Nordstrom ▲ +1.07 | Luxottica ▼ -0.09 | Nike ▼ -0.25 | Pacific Sunwear ▼ -0.02 | Skullcandy ▼ -0.35 | Sport Chalet ▼ -0.05 | Urban Outfitters ▲ +0.07 | VF Corp ▲ +0.52 | Quiksilver ▼ -0.15 | Zumiez ▼ -0.03 | Macys ▲ +0.60 | Tillys ▼ -0.16 |
Ticker Sponsor
Readers Say
The most up-to-date information
The most up-to-date information

“Shop-Eat-Surf is a great source for the most up to date information of what is going on in our industry. I always enjoy reading the articles and appreciate the effort from Tiffany and her team."

- By Richard Woolcott, CEO and Founder, Volcom
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
New Industry Insight

Shorebreak Hotel as a venue for industry events. Cinematographer Louie Schwartzberg's "Moving Art Retreat" in June at Turtle Bay Resort. Details on Industry Insight.


Tiffany Montgomery
Print This Article

PacSun sees precipitous decline in past 4 weeks

PacSun sees precipitous
By Tiffany Montgomery
November 16, 2009 1:23 PM

Here is a summary of Pacific Sunwear’s third quarter earnings released at 1 p.m.

Net sales: down 17.2% to $268 million

Same-store sales: down 18%

Net loss: $10.9 million vs. $3.5 million the same period last year

Young men’s improved in the third quarter, and overall sales were above plan the first 11 weeks of the quarter.

But in the last two weeks of October and the first two weeks of November, there has been a “precipitous” decline across both men’s and women’s categories, the company said.

The company expects fourth quarter same-stores sales to fall in the low 20’s. The fourth quarter loss should range from 28 cents per share to 35 cents per share.

We’ll have a full report from the earnings conference call later this afternoon.

 


Articles You Might Have Missed