Pacific Sunwear (PSUN) Reports Increase in February Same-Store Sales
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Pacific Sunwear of California, Inc. (Nasdaq: PSUN) reported that total sales for the four weeks of fiscal February ending March 1, 2008 were $77.6 million, an increase of 7% over total sales of $72.5 million during the same period last year.
PacSun same-store sales increased 6% during the same period.
On February 3, 2008 the Company began liquidation sales in its 153 remaining demo stores. The Company will report demo as a discontinued operation in quarterly filings beginning with the first quarter of fiscal 2008 ending May 3, 2008. Total February sales from these demo liquidation stores were $13.6 million. [SM]
PacSun same-store sales increased 6% during the same period.
On February 3, 2008 the Company began liquidation sales in its 153 remaining demo stores. The Company will report demo as a discontinued operation in quarterly filings beginning with the first quarter of fiscal 2008 ending May 3, 2008. Total February sales from these demo liquidation stores were $13.6 million. [SM]
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