PSUN A new breakout at $30+! Message Board

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Non-Tech : PSUN A new breakout at $30+!

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To: Toby Zidle who wrote (1330)	7/8/1999 9:11:00 AM
From: E. Graphs	of 1622

Pacific Sunwear Reports June SSS +6.3 Percent...Total Sales Rise 36 Percent biz.yahoo.com >>...''We are pleased with our June results as we anniversaried a 14 percent same store sales increase from June a year ago,'' said Greg Weaver, Chairman and Chief Executive Officer. ''Our new PacSun stores and new outlet stores are performing better than plan which contributed to our top line growth. We continue to be pleased with sales and customer response to our new d.e.m.o. stores. Our store opening plans are on schedule to end the year with approximately 450 stores in operation, which would include 40 d.e.m.o. stores, 26 Pacific Sunwear outlet stores and 384 Pacific Sunwear stores, which equates to a nearly 42 percent increase in store square footage in 1999. ''We are optimistic about business as we begin the transition from summer to the back-to-school selling season. In the next six weeks, nearly a dozen ads will appear in teen related magazines supporting our back-to-school merchandise offering. The ad campaign will primarily feature new pant and jean fashions for young men and juniors, many of which are now available in Pacific Sunwear stores,'' concluded Weaver....<<

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