PacSun’s April comp was up 4-percent, versus a 5.6-percent consensus. That means it’s quarterly comp was down one-percent. So PacSun is lowering its guidance from a $0.06-$0.08 loss to a $0.10-$0.11 loss.
Here’s the breakdown by category: Girls up mid-30s, Guys up low-double-digits, Footwear down mid-50s, and Accessories down low teens.
Here’s the release:
Pacific Sunwear Announces [...]

Here’s an interesting little nugget of news. Apparently there’s a trademark dispute going on over the letter “X”. You’ve got to be stoked if you’re a lawyer in this country! True to our nation’s litigious nature, ESPN Inc. has sued Quiksilver Inc. on claims that it violated the cable channel’s X-Games franchise.
[Read statements from both sides right here, only at twsbiz.com]

Active Rideshop opened the doors to its 25th store on Saturday, April 26 in The Irvine Spectrum. The store features the same assortment as other Active locations, and includes both apparel and hardgoods. The store’s location is in a highly competitive retail area, so Transworld Business decided to see how things are going so [...]

In Early April, DC announced that the brand’s Co-Founder and Executive Vice President, Damon Way, would be transitioning into a role as a consultant. The very next day a press release came out saying that Way was taking on the position as Chief Brand Officer for an Apple accessories company called Incase. Transworld Business [...]

Here are some photos from the 2008 B.R.A. Retail Summit in Puerto Rico, Apr. 30 - May. 4.

I never watch Fox News because it usually sucks—and because I gave up TV three years ago—but I did tune in to Good Day L.A. this morning after hearing that L*Space Founder Monica Wise was being featured on the show. You may remember reading about L*Space here on twsbiz.com not too long ago.

Back in 2004 Wasserman Media Group acquired 411 Video Skate Magazine. In 2006 it acquired Sportnet, and in April 2008 the company announced it had partnered with VAS Entertainment. In yet more acquisition news from Wasserman, the company has purchased Wetsand.com from founder Chuck Menzel for an undisclosed sum. Menzel retains ownership of the brand’s [...]

Transworld Business was on site in San Juan, Puerto Rico for BRA’s fifth iteration of its Retail Summit, and a ton of important industry topics were discussed. The conference was held in San Juan’s Caribe Hilton, and offered attendees a nice mix of business and pleasure. Here’s a quick synopsis from some of the seminars. [...]

On Wednesday, April 16, 2008 SIMA held a seminar for surfboard builders at the Surfing Heritage Museum in San Clemente, California as part of its Boot Camp Series. The half-day agenda was broken up into three informative presentations, offering attendees intensive crash courses in EPA Compliance, Accounting, and Marketing.

On April 16, Transworld Business posted an exclusive interview with Bob McKnight concerning the court case between Quiksilver Inc. and Kymsta Corp. At that time we had not been able to obtain a statement from Kymsta Corp. Owner Roxanne Heptner. Since then, Heptner called to tell her side of the story. Here’s what she has to say.