Interested in following publicly traded companies in the action sports market? Listen to the PacSun Q3 Conference Call for yourself right here.
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Announcing third quarter losses and a possible weaker fourth quarter, Pacific Sunwear believes the “precipitous decline” in overall sales across both genders is what contributed to their third quarter results and drop in shares.
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See how October comps turned out for more than 25 national retailers right here …
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PacSun Q2 sales decline 22.3% with a net loss of 14.2 million. See all the numbers and hear the conference call here!
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Volcom filed their 10Q in the last couple of days. There’s some good news here, though of course Volcom’s income statement for the quarter and six months reflects the impact of the recession. And the issue of how to manage their PacSun business is an interesting one. Let’s start with the balance sheet. Read more here…
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Ian Cairns joins Team USA as the New Head Coach.
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South Lake Tahoe, Calif. – May 19, 2009 – PacSun and USASA are pleased to
announce their 2009-10 snowboard team. 20 of the best US athletes from
around the country have been selected to be a part of this grassroots
snowboarding team. Athletes were selected based on their performance at the
USASA National Championships as well as other major North American
snowboard events.
These up and comers represent all competitive disciplines
including Alpine racing, BoarderCross, Slopestyle, and Halfpipe. Team members
will compete this upcoming year in events around the world, some are even
making a bid for the 2010 Vancouver Winter Olympic games.
USASA Executive Director Jason Toutolmin comments “It’s great to be in a position with our
partners to make a difference in the athletic careers of these very talented young
riders… We will be hearing a lot from them in the near future.”
In the 2008-09 season, PacSun USASA team members had a phenomenal
showing at almost every major North American snowboard event of the season.
Highlights include Kelly Marren’s 4th place finish at the Junior World
Championships in Nagano Japan, site of the 1998 winter Olympics. Brett Esser
also had a strong year winning the coveted USASA open class Slopestyle event
as well as taking home the gold at the Copper Mountain Revolution Tour
Slopestyle. This upcoming season the team has added several more high
powered riders, including 2009 Canadian Nationals winner JJ Tomlinson, and
2009 USASA National Championships Halfpipe silver medalist Paul Brichta.
2009 PacSun USASA Team Roster
Tyler Anderson
Paul Brichta
Mikaela Casey
Brett Esser
Faye Gulini
Trevor Jacob
Kelly Marren
Nick Sibayan
Molly Wilson
Celine Valentin
Ben Farrow
Eric Beuchemin
Roger Carver
Mick Dierdorff
Chris Mahaney
Brooke Shaw
Mimi Wiencke
Mike Trapp
Julianne Brackett
JJ Tomlinson
PacSun beats earning guidance despite posting declining same-store sales of 18% percent for the first quarter and a loss of $8.7 million.
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Fox’s Director Of Sales, Kurt Schleicher offers some additional details on the brand being PacSun’s third best-selling label in 2008, how Fox is weathering the current economic climate, and its plans to launch a juniors swim line in 2010.
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Pacific Sunwear announced today that Adrenalina has withdrawn its nominations of four director candidates for PacSun’s board of directors, effectively ending the proxy battle that Adrenalina had been pursuing.
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