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Sally Frame Kasaks

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BUSINESS
July 7, 2007 | Leslie Earnest, Times Staff Writer
As a child, Sally Frame Kasaks moved from Detroit to Iran with her missionary parents and her brother. There they lived without electricity or plumbing, and young Sally developed a knack for adapting. Good thing. Kasaks will need all the malleability she can muster in her new position as the first female chief executive of surf and skate apparel seller Pacific Sunwear of California Inc. She started by asking the big questions: What do teenagers want? How do they communicate?
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BUSINESS
July 7, 2007 | Leslie Earnest, Times Staff Writer
As a child, Sally Frame Kasaks moved from Detroit to Iran with her missionary parents and her brother. There they lived without electricity or plumbing, and young Sally developed a knack for adapting. Good thing. Kasaks will need all the malleability she can muster in her new position as the first female chief executive of surf and skate apparel seller Pacific Sunwear of California Inc. She started by asking the big questions: What do teenagers want? How do they communicate?
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BUSINESS
September 7, 1988
Talbots has named Arnold B. Zetcher chief executive. Zetcher previously was president. He succeeds Sally Frame-Kasaks, chairman, who has resigned to pursue personal interests. Headquartered in Hingham, Mass., Talbots operates 128 women's clothing stores in 26 states.
BUSINESS
May 24, 2007 | Leslie Earnest, Times Staff Writer
Pacific Sunwear of California Inc., an Orange County surf wear retailer that has been navigating choppy waters, promoted its interim boss to chief executive Wednesday. An industry veteran, Sally Frame Kasaks takes over PacSun the same week it posted a loss of $5.1 million in its latest quarter, mostly because of weak sales in April. Only twice since February 2006 have monthly sales risen at PacSun stores open a year or more. Kasaks, 62, was previously chief executive of Ann Taylor Stores Inc.
BUSINESS
May 24, 2007 | Leslie Earnest, Times Staff Writer
Pacific Sunwear of California Inc., an Orange County surf wear retailer that has been navigating choppy waters, promoted its interim boss to chief executive Wednesday. An industry veteran, Sally Frame Kasaks takes over PacSun the same week it posted a loss of $5.1 million in its latest quarter, mostly because of weak sales in April. Only twice since February 2006 have monthly sales risen at PacSun stores open a year or more. Kasaks, 62, was previously chief executive of Ann Taylor Stores Inc.
BUSINESS
October 22, 2008 | Times Wire Reports
Pacific Sunwear of California Inc., an athletics-clothing and equipment retailer with more than 1,000 stores, rejected a $296-million bid from Adrenalina, a rival with three stores and five on the way. The cash-and-stock proposal, worth $4.50 a share, "is not in the best interests of the company's shareholders," Pacific Sunwear said. Adrenalina Chairman and Chief Executive Ilia Lekach said Pacific Sunwear CEO Sally Frame Kasaks had "repeatedly declined" Adrenalina's attempts to start talks.
BUSINESS
August 24, 1996 | Times Staff and Wire Reports
AnnTaylor CEO Resigns: Sally Frame Kasaks immediately named company President J. Patrick Spainhour to succeed her. The timing of Kasaks' resignation surprised Wall Street because it comes on the verge of the holiday season. It also raises questions about whether the company will be able to woo back customers it lost during the last year.
BUSINESS
February 1, 1992 | Associated Press
AnnTaylor Stores Corp. has named Sally Frame Kasaks, former president of the specialty apparel chain, as its chairman and chief executive. Kasaks, 47, has been president of Abercrombie & Fitch, a division of Limited Inc., since 1989. She succeeds the retiring Joseph E. Brooks. Her appointment will bring her back to AnnTaylor after a seven-year absence. Kasaks takes over at a difficult time for the women's clothing chain. It has suffered a 1.6% drop in sales at its stores open at least a year.
BUSINESS
February 7, 2007 | From the Associated Press
Pacific Sunwear of California Inc. on Tuesday lowered its fourth-quarter earnings forecast to account for anemic January sales and its planned closure of 74 unprofitable urban-themed d.e.m.o. stores. The mall-based retailer of teen clothing now expects earnings of 36 cents to 38 cents a share in the fourth quarter -- excluding 22 cents to 24 cents in estimated charges related to the d.e.m.o. store closures. Pacific Sunwear's d.e.m.o.
BUSINESS
November 10, 2006 | From Reuters
Pacific Sunwear of California Inc. posted a sharp drop in quarterly profit Thursday because of excessive inventory from lackluster sales. Net income in the third quarter was $9 million, or 13 cents a share, compared with $40.5 million, or 54 cents, a year earlier. As previously reported, sales at Pacific Sunwear fell less than 1% to $375.4 million.
BUSINESS
September 7, 1988
Talbots has named Arnold B. Zetcher chief executive. Zetcher previously was president. He succeeds Sally Frame-Kasaks, chairman, who has resigned to pursue personal interests. Headquartered in Hingham, Mass., Talbots operates 128 women's clothing stores in 26 states.
BUSINESS
January 29, 2009 | Andrea Chang
Teen specialty retailer Pacific Sunwear of California Inc. on Wednesday became the latest company to announce sweeping cost-cutting plans to cope with the worsening economy. The retailer, which sells mainly surf and skate apparel and accessories, said it would eliminate 47 positions at its Anaheim headquarters and 10 field management positions, which would reduce its headquarters and field management staff by about 11%.
BUSINESS
October 21, 2008 | Tom Petruno, Petruno is a Times staff writer.
Beaten-down shares of Pacific Sunwear of California Inc. jumped as much as 13% early Monday on news of a $300-million, unsolicited takeover offer for the Anaheim retailer. But the stock quickly retreated, closing up 5% from Friday, after the market took a closer look at the bidder, Miami-based retailer Adrenalina.
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