Pacific Sunwear news and archive

PacSun faces struggles; may file for bankruptcy

Los Angeles - Pacific Sunwear of California Inc., also known as PacSun, is headed for a new turn in their business. Up until now, the trendy, youthful retailer has maintained its company with over 600 operating retail stores. However, it has been announced that the SoCal-based company could file for Chapter 11 bankruptcy as soon as Wednesday,...

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Pacific Sunwear asks financial advisers for help with their debt

Pacific Sunwear of California Inc., has hired financial advisers to help them restructure the maturing debt load as the company continues to struggle to get its shoppers back. As announced at the beginning of the week in a statement, the fashion retailer is working with restructuring firm FTI Consulting Inc. and investment bank Guggenheim...

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Pacific Sunwear net sales up 9 percent, updates Q4 guidance

Pacific Sunwear of California said that its comparable store net sales during the month of December increased 9 percent compared to the same period a year ago. “We have had an excellent Holiday season with strong sales performance in both men's and women's and an estimated 400-500 basis point improvement in gross margins,” said Gary H....