Pacific Sunwear of California Inc reported that total sales for the four weeks of fiscal February ending March 1, 2008 were $77.6 million, an increase of seven percent over total sales of $72.5 million during the same period last year. PacSun same-store sales increased six percent during the same period.
On February 3, 2008 the Company began liquidation sales in its 153 remaining demo stores. The Company will report demo as a discontinued operation in quarterly filings beginning with the first quarter of fiscal 2008 ending May 3, 2008. Total February sales from these demo liquidation stores were $13.6 million.
Pacific Sunwear is a leading specialty retailer of everyday casual apparel, accessories and footwear designed to meet the needs of active teens and young adults.