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FSG’s Action Sports Practice Group provides legal services to the action sports industry. Our clients include surfers, skiers, snowboarders and skaters, as well as sponsors and leading apparel companies. Our attorneys serve in positions with industry organizations such as the Association of Surfing Professionals. We know your business and can provide full-service legal solutions to meet your organizational needs.

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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
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PacSun disappointed by holiday sales

By Tiffany Montgomery
January 06, 2011 5:09 PM

Quarter-to-date same store sales through Jan. 1 declined 7% at PacSun, leading to holiday results that PacSun CEO Gary Schoenfeld described as "disappointing."

 

The men's business is "trending toward" a positive comp. After improving somewhat last quarter, women's sales worsened, with holiday comps declining approximately 20%.

 

As a result, PacSun estimated its loss in the fourth quarter will be wider than planned. The company expects to report a loss of 49 cents to 54 cents per share. Previously, PacSun had expected a loss per share of 10 cents to 29 cents.


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