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.
PacSun continues to struggle as the junior’s business stays on its downward trend.
Here’s a quick summary of Q4 and full year results. We’ll have more information from the company’s conference call this afternoon.
Sales: down 10% to $263 million
Same store sales: Down 7%. Men’s posted a positive comp while junior’s continued to decline.
Net loss: $35 million vs. a net loss of $36 million in Q4 2009.
Cash at quarter end: $64 million and no debt.
Sales: down 10% to $930 million
Same store sales: down 8%
Net loss: $97 million vs. a $70 million loss in 2009.
On page 2: Full text of PacSun's press release