PacSun 4Q comps down 19%
ANAHEIM, Calif. Pacific Sunwear of California announced that total sales for the fourth quarter of fiscal 2009 ended Jan. 30 were $293 million, a decrease of 17% from total sales of $352 million for the fourth quarter of fiscal 2008 ended Jan.31, 2009. Total Company same-store sales decreased 19% during the fourth quarter of fiscal 2009.
For the fourth quarter of fiscal 2009, the company reported a net loss of $36 million, or 56 cents per share, compared with a net loss of $27 million, or 42 centsper share, for the fourth quarter of fiscal 2008.
“When I joined PacSun, given all that we needed to do I knew it would take time to turn things around. Eight months into the job, I’m encouraged by the changes we’re making and the prospects for PacSun to once again become a leader for teens in the mall,” stated Gary Schoenfeld, president and CEO.
Total sales for fiscal 2009 ended Jan. 30 were $1.03 billion, a decrease of 18% from total sales of $1.25 billion during fiscal 2008 ended Jan. 31, 2009. Total company same-store sales decreased 20% during fiscal 2009. For fiscal 2009, the company reported a loss of $70 million, or $1.07 per share, compared with a loss from continuing operations of $39 million, or 59 cents per share, in fiscal 2008.
Pacific Sunwear said it expects to report a GAAP net loss per share of 50 cents to 60 cents for the first quarter of fiscal 2010. The company expects same-store sales to decline in a range of 13% to 18% for the quarter.
Sam’s Club honors outstanding Hispanic business owners
BENTONVILLE, Ark. Sam’s Club has announced the winners of the “Como Si: Doing Business Today for Tomorrow!” contest.
The winners of the nationwide contest, presented by Sam’s Club and The United States Hispanic Chamber of Commerce, were selected from contestants who submitted short videos promoting their small business, detailing what has brought their enterprise through today’s tough economic environment and what their plan is to “keep up and keep going.” The winners were chosen for originality, creativity, relevance and clarity of their videos.
The winners are:
Delmy Franco, My Tidy Files – North Hollywood, Ca. Alba Gonzalez-Nylander, Alba Video Production – Franklin, Tenn. Michelle Manon, Tamahli – San Antonio, Texas Jesus Ojeda, Ojeda’s, Inc – Des Moines, Iowa Molly Dalton Robbins, Palomita and Chucho Clothing – San Rafael, Ca. Maria de Lourdes Sobrino, Lulu’s – Anaheim, Ca. Nelson Soler, Multicultural Entrepreneurial Institute, Inc – Milwaukee, Wisc. Roger Villeda, Villeda Marketing International – Denver, Colo. Lilian Jimenez, Jimenez Communications – Fontana, Ca. Jennifer Fuentes, Independent Beauty Consultant – San Antonio, Texas
The winners receive a trip to the home office of Sam’s Club in Bentonville, Ark. to learn about incorporating the latest technology into their businesses while creating a better bottom line.
“Small business owners are pressed to find more effective and affordable ways to promote their business and compete in a tough economic environment. They must do so while learning new skills, such as managing cash flow, logistics and human resources. We are pleased to be part of an initiative that can help deliver valuable information to those who are eager to learn and apply it,” said Carlos Doubleday, Sam’s Club VP.
Collective Brands reports 4Q, FY results
TOPEKA, Kan. Collective Brands reported that its fourth-quarter net loss was $10.9 million, or 17 cents per diluted share, compared with a net loss of $144 million, or $2.28 per share, in the fourth quarter of 2008.
Full-year 2009 net earnings increased to $82.7 million, or $1.28 per diluted share, compared with a net loss of $68.7 million, or $1.09 per diluted share in 2008.
Collective Brands’ fourth quarter 2009 net sales were $741.7 million up 0.9%. The company’s fourth quarter 2009 comparable-store sales increased 0.7%.
Collective Brands’ 2009 net sales were $3.31 billion, down 3.9%. The company’s 2009 comparable-store sales decreased 2.3%. related to litigation, asset impairments, severance, cancellation of performance share units, and the expiration of the Tommy Hilfiger adult footwear license.