{"id":24989,"date":"2011-08-24T11:36:18","date_gmt":"2011-08-24T18:36:18","guid":{"rendered":"http:\/\/www.boardistan.com\/?p=24989"},"modified":"2011-08-25T12:26:57","modified_gmt":"2011-08-25T19:26:57","slug":"pac-sun-loses-19-3-million-more","status":"publish","type":"post","link":"http:\/\/www.boardistan.com\/?p=24989","title":{"rendered":"Pac Sun Loses $19.3 Million More"},"content":{"rendered":"<p><a href=\"http:\/\/www.boardistan.com\/wp-content\/uploads\/2011\/05\/pacsun_logo.png\" onclick=\"window.open('http:\/\/www.boardistan.com\/wp-content\/uploads\/2011\/05\/pacsun_logo.png','popup','width=189,height=70,scrollbars=no,resizable=yes,toolbar=no,directories=no,location=no,menubar=no,status=yes,left=0,top=0');return false\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.boardistan.com\/wp-content\/uploads\/2011\/08\/pacsun_logo-tm.jpg\" height=\"37\" width=\"100\" border=\"1\" align=\"right\" hspace=\"4\" vspace=\"4\" alt=\"Pacsun Logo\" \/><\/a><strong><a href=\"http:\/\/www.pacsun.com\/\" target=\"_blank\">Pacific Sunwear <\/a><\/strong>has reported their financial results for its quarter ending July 30, 2011 and guess what? They lost $19.3 million. Of course, they&#8217;re pitching this as a good thing because they loss less than they lost last year at this time, and they beat analysts&#8217; forecasts. In other &#8220;good&#8221; news, while total sales fell, sales at stores open longer than a year were actually up one percent, according to a story on <strong><em><a href=\"http:\/\/www.forbes.com\/feeds\/ap\/2011\/08\/23\/business-specialized-consumer-services-us-earns-pacific-sunwear_8638989.html\" target=\"_blank\">Forbes<\/a><\/em><\/strong>.<\/p>\n<blockquote><p>&#8220;Until recently we had expected this positive momentum to continue, yet we are now more cautious in our near-term outlook due to a combination of factors including macroeconomic pressure, along with a highly promotional start to the back-to-school season,&#8221; said President and CEO <strong>Gary Schoenfeld<\/strong>.<\/p><\/blockquote>\n<p>Losing less is good. Just give Mr. Schoenfeld a few more years and things will probably get right back on track. Or maybe he just loves hitting <strong><a href=\"http:\/\/www.businessweek.com\/ap\/financialnews\/D9PAKENG0.htm\" target=\"_blank\">two-year stock price lows<\/a><\/strong>.<\/p>\n<p><strong>[Link: <\/strong><strong><a href=\"http:\/\/www.forbes.com\/feeds\/ap\/2011\/08\/23\/business-specialized-consumer-services-us-earns-pacific-sunwear_8638989.html\" target=\"_blank\">Forbes<\/a><\/strong> and <strong><a href=\"http:\/\/www.businessweek.com\/ap\/financialnews\/D9PAKENG0.htm\" target=\"_blank\">Bloomberg<\/a><\/strong><strong>]<\/strong><!--more-->u<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pacific Sunwear has reported their financial results for its quarter ending July 30, 2011 and guess what? They lost $19.3 million. Of course, they&#8217;re pitching this as a good thing because they loss less than they lost last year at this time, and they beat analysts&#8217; forecasts. In other &#8220;good&#8221; news, while total sales fell, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[10,16,12],"tags":[],"_links":{"self":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/24989"}],"collection":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24989"}],"version-history":[{"count":2,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/24989\/revisions"}],"predecessor-version":[{"id":25008,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/24989\/revisions\/25008"}],"wp:attachment":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24989"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}