PacSun Continues USA Surf Team Sponsorship
PacSun has agreed to continue sponsoring the USA Surf Team through 2009. This marks the fourth year of its sponsorship.
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ADMIN
- January 16 2009 | 104 views
pacsun
Tim Harmon Resigns From Quiksilver Board
On January 23, former PacSun executive Timothy M. Harmon resigned as a director of Quiksilver, Inc.
Before his tenure at Quiksilver, Harmon served as President and Chief Merchandising Officer of Pacific Sunwear of California, Inc. from October 1997 until July 2005.
Compensation as Director:
(Source: Forbes.com)
The announcement was one of several items listed in the company’s 8-K Form released on January 27.
Quiksilver announced on January 26 that it would be taking steps to reduce costs, and is eliminating 200 positions within the company.
From Form 8-K:
Change in Directors or Principal Officers, Other Events
Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 23, 2009, Timothy M. Harmon resigned as a director of Quiksilver, Inc. (the “Company”).
Item 8.01. Other Events.
Expense Reduction
The Company issued a press release on January 26, 2009 announcing that it was taking additional steps to reduce expenses in its Americas region as part of an overall restructuring effort to reposition its business and in response to the continued decline in the consumer retail environment. The press release is attached as Exhibit 99.1.
2009 Annual Meeting
The Company’s 2009 Annual Meeting of Stockholders will be held at the Company’s headquarters at 15202 Graham Street, Huntington Beach, CA 92649 on Wednesday, March 25, 2009 at 10:00 a.m. local time. Item 9.01. Financial Statements and Exhibits.
(c) Exhibits Exhibit No. Exhibit Title or Description
99.1 Press Release, dated January 26, 2009, issued by Quiksilver, Inc.
josh hunter
- January 27 2009 | 906 views | 6 comments
ICR Xchange Summary: PacSun
CEO Sally Frame Kasaks was losing her voice, but she came out with a banger of a Mark Twain quote: “The rumors of our death have been greatly exaggerated.” She highlighted the biggest achievements of 2008, and reminded us that skinny jeans and v-necks killed it at retail.
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adamsullivan
- January 14 2009 | 699 views | 2 comments
Live Webcast: ICR XChange Conference
As you may remember from last year’s ICR XChange Conference, many of the major players in the action sports/ teen and young-adult apparel markets will be presenting their company’s outlooks for 2009 and beyond. To keep your finger on the pulse of what the publicly traded companies that affect our market are up to, tune in to these live Web cast presentations through out the day right here.
» Read Full Story josh hunter
- January 14 2009 | 384 views
Transworld Business Retail Round Up: Complete 2008 Same-Store Sales Results
In an effort to provide our readers with the most comprehensive coverage of the current retail climate as possible, Transworld Business has developed a new monthly column we’re calling Retail Round Up. In this installment we examine monthly same-store sales results for more than a dozen retailers that cater to the teen/ young adult market
» Read Full Story josh hunter
- January 09 2009 | 1,034 views | 5 comments
PacSun December 2008 Comps Down 9%
Pacific Sunwear, Inc., released it’s December 2008 sales results for the five weeks ended Jan. 3 , reporting a decrease of nine percent from total PacSun sales of $214.4 million during the same period last year, according to a press release published on the company’s Investor Relations site.
“This compares to its previous expectation of inventories down at least high-single digits at the end of fiscal 2008. Due in part to the increased promotions and anticipated further markdown reserves, and assuming a same-store sales decrease in the mid-teens range for the month of January, the Company now expects to report a fiscal 2008 fourth quarter net loss of $0.38 to $0.43 per diluted share, including an estimated gain of approximately $0.10 per diluted share from the previously-announced sale of the Company’s Anaheim distribution center. Approximately $0.19 of the fiscal fourth quarter loss is attributable to markdown reserves. The Company also now anticipates ending fiscal 2008 with cash balances of between $15-20 million and no direct borrowings under its $150 million credit facility.”
To read the full report, click HERE.
ADMIN
- January 08 2009 | 275 views
PacSun Answers Adrenalina’s Press Release and Offer Letter
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ADMIN
- December 15 2008 | 476 views | 6 comments
Major PacSun Investor Sells Off Ten-Percent Stake in Company
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).
» Read Full Story josh hunter
- December 10 2008 | 670 views | 4 comments
PacSun Division President Resigns
Pacific Sunwear of California, Inc. (PSUN), announced today that Thomas M. Kennedy, Division President of PacSun, has resigned his position with the Company
» Read Full Story josh hunter
- December 09 2008 | 594 views | 7 comments
Transworld Business Retail Round Up: Department Stores
In the second installment of Retail Round Up, we’re looking at how several major Department Stores have performed in 2008, and how those results match up against specialty stores.
» Read Full Story josh hunter
- December 08 2008 | 310 views
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