According to a November 28 regulatory filing, NWQ Investment Management Co. LLC cut it’s 10.87-percent stake in the Pacific Sunwear down to 6,419 shares (or 0.01-percent).
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Let’s ignore the numbers for a bit and start with how Hot Topic Describes itself. They give equal billing to brick and mortar and internet retailing. That’s pretty forward looking. Guess they’ve decided how they expect the market to evolve. Read more here.
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Pacific Sunwear of California, Inc. announced the appointment of Brett Brewer to its board of directors. Brewer, 36, is an Internet entrepreneur who has built, operated and sold Internet media companies. Brewer co-founded Intermix Media, which launched several online businesses including Myspace.com, Skilljam.com and Alena.com.
Sally Frame Kasaks, CEO and chairman of the Board of the company, stated “I am very pleased to have Brett Brewer join our Board of Directors. We believe Brett brings a fresh perspective regarding teens which fits well into the ongoing plans of our Company.”
While total sales drop four percent, comps beat analyst projections of an 8.8% decline
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Leading Surf Industry Brands and Media to Square Off for Bragging Rights in Tag-Team Format
San Juan Capistrano, CA – July 14, 2008 – Surfing America, the National Governing Body for Surfing in the USA, is excited to announce the second annual PacSun’s Battle of the Brands - a unique event in which competing industry brands will let their surfing ability settle all differences.
PacSun’s Battle of the Brands is a tag-team format event, which pits eight four-person teams consisting of two professionals, a woman and a grom under the age of 18. The only brands invited to compete are the USA Surf Team’s Official Sponsors.
The high-profile event featuring top international athletes will take place at the U.S. Open of Surfing Surf Stadium on the south side of the Huntington Beach Pier, this Friday, July 18th at 1 pm.
Aside from bragging rights, the winning brand will get a window display in every PacSun store nationwide during the Spring of 2009. This event is Surfing America’s way of giving back to PacSun and all the brands that have supported the organization over the years.
A separate division will be held for the media sponsors of the USA Surf Team, in which four employees from Surfer, Surfing, Transworld SURF, Surfline and Fuel TV will be competing for a $10,000 ad by from PacSun – the USA Surf Team’s title sponsor.
“We are so pleased that the industry has rallied around the development of Surfing America and the USA Surf Team program–and this event is a celebration of that unity,” said Surfing America Executive Director Mike
Gerard. “Support from SIMA, the industry’s top brands, and PacSun create the perfect storm that benefits everyone involved in growing the sport. Surfing America is an industry-wide initiative committed to funneling the best youth surfing talent in the United States upward–and inspiring future world champions. And we’re honored to have the opportunity to present this event in support of our industry partners.”
Based on the following rosters, it’s apparent that each brand is gunning for the win. Here’s the lineup of talent:
Billabong
Sterling Spencer
Cory Arrambide
Kolohe Andino (USA Surf Team Member)
Courtney Conlogue (USA Surf Team Member)
Hurley
Brett Simpson
Yadin Nicol
Evan Geiselman (USA Surf Team Member)
Dazie Goodwin
…Lost
Mason Ho
Shea Lopez
Riley Metcalf
Leilani Gryde
O’Neill (2007 Champions)
Cory Lopez
Pat Guduaskas
Nat Young (USA Surf Team Member)
Malia Manuel
Quiksilver
Julian Wilson
Dylan Graves
Tyler Newton
Sally Fitzgibbons
Rip Curl
Austin Smith-Ford
Kyle Ramey
Alex Smith
Amy Nicholl (USA Surf Team Member)
Media teams include:
Surfing (2007 Champions)
Travis Ferre
Marty Thomas
Scott Chenoweth
Jimmy Wilson
Surfline
Marc Beaty
Jon Warren
Robin Walker
Kevin Wallis
Transworld Surf
Justin Cote
Chris Cote
Aaron Checkwood
Casey Koteen
Surfer
Rick Irons
Grant Ellis
Brendon Thomas
Chris Mauro
Fuel TV
Matt Beacham
Shannon Waller
John Stouffer
Eric Locko
The company announced its June sales results today, Thursday June 10, revealing a five percent increase in total sales for the five-week period ending July 5, 2008, and a three percent increase in same-store sales. Read what CFO Mike Henry had to say about it.
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The Winning brand receives a weekend takeover of all PacSun Windows in Spring ‘09, and the winning media team gets a $10,000 ad buy from PacSun in Spring ‘09.
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PSUN reported Q1 EPS that was in line with its pre-announced results. The company also lowered its FY08 guidance and revised its comp outlook for the year.
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