Home / Knowledge / News / Fashion / DJM Realty for Pacific Sunwear 173 Demo Chain
DJM Realty for Pacific Sunwear 173 Demo Chain
12
Jan '08
DJM Realty, the leading provider of strategic real estate solutions specializing in dispositions, capital solutions, acquisitions and valuations has been selected by Pacific Sunwear of California Inc to exclusively manage the national disposition of all 173 retail store leases.

Pacific Sunwear is a leading specialty retailer of everyday casual apparel, accessories and footwear designed to meet the needs of active teens and adults.

As of January 2, 2008, the company operated 841 PacSun stores, 120 PacSun Outlet stores, 154 demo stores and 6 One Thousand steps stores for a total of 1,212 in 50 states and Puerto Rico. 19 of the stores being marketed by DJM Realty had been previously unresolved lease terminations.

The decision to close all remaining 154 demo stores followed a review of strategic alternatives. "We strongly believe that the best course for enhancing shareholder value is to focus our attention and resources on the PacSun business.

We have retained industry leader DJM Realty to dispose of the remaining stores and trust that through our partnership we will accomplish maximum real estate returns," said Sally Frame Kasaks, Chairman and Chief Executive Officer of Pacific Sunwear.

"What we are finding with our retail clients is that there seems to be high demand for stores in premier mall locations. The demo stores are one of those chains that will generate much retailer interest," said Andy Graiser, Co-President of DJM Realty.


Must ReadView All

UK retailers may face extra £190 mn in business rates

Apparel/Garments | On 21st Sep 2018

UK retailers may face extra £190 mn in business rates

Retailers in the UK are likely to face an extra £190 million on their ...

Courtesy: EFI

Textiles | On 21st Sep 2018

Digital textile printing expected to grow at 20% CAGR

Digital textile printing is at this time about 3-4 per cent of all...

Bangladesh demands better prices for garment items from US

Apparel/Garments | On 21st Sep 2018

Bangladesh demands better prices for garment items from US

Bangladesh sought better prices for its exports, especially garments, ...

Interviews View All

Pinkesh Jain, Everflow Petrofils Ltd

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Karan Toshniwal, Orange O Tec

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Top executives, Textile & apparel bodies

Top executives
Textile & apparel bodies

The mid-term review of FTP is progressive, growth oriented

Akshat Chaudhary,

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Ramez Basmaji,

Ramez Basmaji

Fabusse is a Lebanon-based fashion agency that offers a variety of...

Rikesh Mistry,

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Mark Brill, Birmingham City University (BCU)

Mark Brill
Birmingham City University (BCU)

<div>A technological breakthrough could see people getting messages about...

Karl Zelik, Vanderbilt University

Karl Zelik
Vanderbilt University

A team of engineers at the Vanderbilt University has designed a smart...

Chunyi Zhi, City University of Hong Kong

Chunyi Zhi
City University of Hong Kong

<div><b>Chunyi Zhi</b>, associate professor in the Department of Materials ...

Silvia Venturini Fendi, Fendi s.r.l

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Robert Brunner, Devereux

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Igor Chapurin, Chapurin

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


September 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search