Pacific Sunwear of California, Inc Profile

Pacific Sunwear of California, Inc. is a specialty retailer of everyday casual apparel, accessories and footwear designed to meet the needs of active teens and young adults. The Company operates three nationwide, primarily mall-based chains of retail stores under the names Pacific Sunwear (also PacSun), Pacific Sunwear Outlet, and d.e.m.o. PacSun and PacSun Outlet stores specialize in board-sport inspired casual apparel, footwear and related accessories catering to teenagers and young adults. d.e.m.o. specializes in fashion-focused street wear, including casual apparel, footwear and related accessories catering to teenagers and young adults. It also operates two Websites that sells PacSun and d.e.m.o. merchandise online, respectively, provide content and community for its target customers and provide investor relations information about the Company. Pacific Sunwear of California, Inc. operates stores in 50 states and Puerto Rico. For the thirteen weeks ended 29 April 2006, Pacific Sunwear of CA's sales increased 7% to $299.9M. Net income decreased 33% to $11.9M. Revenues reflect the addition of new stores and higher same-store sales. Net income was offset by lower gross margins due to non-merchandise margin categories, increased selling, general & administrative expenses due to an increase in store payroll and higher depreciation charges associated with the 132 net new stores.