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Pacific Sunwear Of California

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BUSINESS
August 12, 1998
Pacific Sunwear of California Inc., an Anaheim-based retailer of casual clothing, reported record results for the second quarter ended Aug. 2. Net income rose 72% to $5 million, or 23 cents a share, from $2.9 million, or 14 cents a share, for the second quarter a year ago. Sales gained 52% to $73.2 million from $48.3 million. Same-store sales, a key measure of performance in the industry, increased 13%. Net income for the first half nearly doubled to $7.
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BUSINESS
August 12, 1998
Pacific Sunwear of California Inc., an Anaheim-based retailer of casual clothing, reported record results for the second quarter ended Aug. 2. Net income rose 72% to $5 million, or 23 cents a share, from $2.9 million, or 14 cents a share, for the second quarter a year ago. Sales gained 52% to $73.2 million from $48.3 million. Same-store sales, a key measure of performance in the industry, increased 13%. Net income for the first half nearly doubled to $7.
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BUSINESS
September 5, 1997 | Times Staff and Wire Services
Pacific Sunwear of California's stock surged 13% Thursday to a new high for the year as the retailer reported a hefty increase in same-store sales, a key indicator of performance. The stock hit a 52-week high of $44.63, up $5.25, in heavy trading on the Nasdaq market. More than 1.2 million shares changed hands, about four times higher than the daily average in recent weeks.
BUSINESS
September 5, 1997 | Times Staff and Wire Services
Pacific Sunwear of California's stock surged 13% Thursday to a new high for the year as the retailer reported a hefty increase in same-store sales, a key indicator of performance. The stock hit a 52-week high of $44.63, up $5.25, in heavy trading on the Nasdaq market. More than 1.2 million shares changed hands, about four times higher than the daily average in recent weeks.
BUSINESS
October 29, 1997 | Dow Jones
Pacific Sunwear of California Inc. said Tuesday that Greg Weaver, president and chief executive, has also been named chairman. He remains chief executive. Julius Jensen III, who served as chairman since February 1996, will remain a director. In addition, the company named Timothy M. Harmon, currently executive vice president of merchandising, as president and chief merchandising officer.
BUSINESS
September 16, 1998 | Dow Jones
Pacific Sunwear of California Inc. said it plans to open 100 new stores during 1999, raising the Anaheim retailer's total to 442 by the end of next year. The company said the new locations will include 67 Pacific Sunwear stores, eight Pacific Sunwear Outlet stores and 25 D.E.M.O. Stores.
BUSINESS
March 24, 2000 | Dow Jones
Pacific Sunwear of California Inc. said Thursday it will offer its own credit card, beginning in July, at the Anaheim retailer's PacSun and PacSun Outlet stores and at its Web site, http://www.pacsun.com. The casual apparel chain's stock moved up $1.88 a share to $33.25 in Nasdaq trading.
BUSINESS
January 14, 2011 | By Andrea Chang, Los Angeles Times
Teen clothing chain Anchor Blue Inc. has filed for bankruptcy again and will close all 117 stores, most of them in California. The Corona chain began holding a going-out-of-business sale late last week, with markdowns of 40% to 60%, according to firms that have been hired to run the liquidation. The sale will continue until all merchandise is sold. Founded four decades ago as Miller's Outpost, the chain specialized in selling jeans, casual wear and accessories. By 1989 the popular family-oriented apparel chain had expanded to more than 300 stores in California, Arizona, Nevada, New Mexico and other states.
BUSINESS
February 2, 2014
The company: Pacific Sunwear of California Inc. Headquarters: Anaheim Ticker: PSUN Leadership: Gary H. Schoenfeld, 51, chief executive since 2009 Employees: 2,100 Fiscal 2012 revenue: $803 million Fiscal 2012 net loss: $52 million Stock price: $2.88 at Friday's close 52-week range: $1.93 to $4.59 P/E ratio: N/A Quarterly dividend: none
BUSINESS
April 9, 1999
Pacific Sunwear of California Inc. said Thursday that sales for the five weeks ended April 5 surged 34%, to $33.8 million. Sales at stores open at least a year--a key measure of growth--rose 7.6%. The Anaheim-based company sells surf and skate apparel and accessories at 353 stores in 43 states. Its shares fell $1.75, to $36.25, in Nasdaq trading.
BUSINESS
November 11, 1998
Pacific Sunwear of California Inc.: The Anaheim retailer of casual apparel and accessories said net income for the third fiscal quarter ended Nov. 1 totaled $8.1 million, or 38 cents a share, 40% higher than the $5.8 million, or 27 cents a share, for the third quarter of fiscal 1997. Sales rose 41% to a record $91.8 million from $65.3 million. Same-store sales increased 8%.
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