Pacific Sunwear of California Inc. PSUN, Closed down 6.98% after trading hours
Pacific Sunwear of California Inc
Pacific Sunwear of California, Inc., today announced that net sales for the second quarter (13 weeks) of fiscal 2009 ended August 1, 2009, were $243 million versus net sales from continuing operations of $313 million for the second quarter (13 weeks) of fiscal 2008 ended August 2, 2008. Total Company same-store sales decreased 24 percent during the period.
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Pacific Sunwear of California, Inc. is a lifestyle specialty retailer. The Company sells casual apparel with a limited selection of accessories and footwear designed to meet the needs of teens and young adults. The Company operates a nationwide, primarily mall-based chain of retail stores under the names Pacific Sunwear and PacSun. During the fiscal year ended January 31, 2009 (fiscal 2008), the Company leased and operated 932 stores among all 50 states and Puerto Rico, comprised of 3,587,683 square feet. In addition, the Company operates an e-commerce Website at www.pacsun.com, which sells PacSun merchandise online, provides content and community for its target customers, and provides information about the Company. On February 3, 2008, the Company began inventory liquidation sales in demo stores and closed all demo stores on May 3, 2008.
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