Home / Knowledge / News / Fashion / Division of Pacific Sunwear performs well

Division of Pacific Sunwear performs well

10
May '08
Pacific Sunwear of California Inc reported that total sales from the Company's PacSun division for the four weeks of fiscal April ended May 3, 2008 were $73.8 million, an increase of five percent versus division sales of $70.4 million during the same period last year. PacSun same-store sales increased four percent during the same period.

Total sales from the PacSun division for the first 13 weeks of fiscal 2008 were $266.8 million versus division sales of $267.9 million during the same period last year. PacSun same store sales decreased one percent during the same period.

The Company completed the liquidation of its demo business in April. All demo stores are now closed. The Company will report demo as a discontinued operation in quarterly filings beginning with the first quarter of fiscal 2008 ended May 3, 2008. Total sales from these demo liquidation stores for the first 13 weeks of fiscal 2008 were $27.1 million.

The Company expects to report a GAAP net loss for the first quarter of fiscal 2008 in the range of $0.17 to $0.18 per diluted share. This range includes a non-cash impairment charge of approximately $0.07 per diluted share for the materials handling equipment associated with the sale of its Anaheim Distribution Center. Further details regarding this transaction are part of the Company's Form 8-K filed with the SEC on May 2, 2008.

Pacific Sunwear of California Inc


Must ReadView All

Pic: Shutterstock

Retail | On 1st Dec 2020

British retailer Arcadia enters into administration

UK clothing retail group Arcadia recently entered into administration ...

Pic: Fashion For Good

Textiles | On 1st Dec 2020

Fashion For Good launches Viscose Traceability Project

Fashion for Good, a global initiative to make all fashion good, has...

Pic: European Commission

Textiles | On 1st Dec 2020

Croatian, Belgian, Romanian firms win EUSIC challenge

Snake, a Croatian platform that enables users to wear outfits in...

Interviews View All

Prabu Mohanram, Balavigna Weaving Mills Pvt Ltd

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Amit Jain, Shingora Textiles Ltd

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Asim Dalal, Indo Count Retail Ventures

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Francesca Polato,

Francesca Polato

Berto Industria Tessile was founded in Bovolenta, a small town in the...

Akshat Chaudhary,

Akshat Chaudhary

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

Akash Sehgal,

Akash Sehgal

Part of retail and hospitality conglomerate Landmark Group in Dubai,...

Melissa Tate, University of New South Wales

Melissa Tate
University of New South Wales

<div><div><div><div><b>Melissa Tate</b>, a well-known scientist currently...

Kai Poehler, Voith Paper GmbH & Co. KG

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Silke Brand-Kirsch, Schlegel und Partner

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Joe Ikareth, Joe Ikareth

Joe Ikareth
Joe Ikareth

<b>Joe Ikareth</b> has a rock-solid fashion and textiles background, which ...

Anisha Chaudhari, Threads & Shirts

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Priya Somaiya, Usha Social Services

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

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


December 2020

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


Advanced Search