{"id":2673,"date":"2008-11-21T20:33:06","date_gmt":"2008-11-22T04:33:06","guid":{"rendered":"http:\/\/www.boardistan.com\/?p=2673"},"modified":"2008-11-21T20:33:10","modified_gmt":"2008-11-22T04:33:10","slug":"pacsun-unloads-distribution-center","status":"publish","type":"post","link":"http:\/\/www.boardistan.com\/?p=2673","title":{"rendered":"PacSun Unloads Distribution Center"},"content":{"rendered":"<p><a href=\"http:\/\/www.boardistan.com\/wp-content\/uploads\/2008\/11\/logo-v2.png\" onclick=\"window.open('http:\/\/www.boardistan.com\/wp-content\/uploads\/2008\/11\/logo-v2.png','popup','width=146,height=69,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\/2008\/11\/logo-v2-tm.jpg\" height=\"47\" width=\"100\" border=\"1\" align=\"right\" hspace=\"4\" vspace=\"4\" alt=\"Logo V2\" \/><\/a>On the conference call earlier this week analysts asked several times what the hold up was with the sale of <strong>PacSun&#8217;s <\/strong>Anaheim, California distribution center and it was obvious that many were worried that something had gone south on the deal. CFO <strong>Michael Henry<\/strong> assured everyone that the deal was underway. And he was telling the truth. Today they closed the sale.<\/p>\n<blockquote><p>The Company has received net cash proceeds of $24.5 million from the transaction. The Company expects to record an after-tax gain of approximately $0.10 per diluted share from the transaction in the fourth quarter of 2008.<\/p><\/blockquote>\n<p>This deal not falling through  should help assauge the sting that Christmas and Q4 bring.<\/p>\n<p><strong>[Link: <\/strong><strong><a href=\"http:\/\/www.marketwatch.com\/news\/story\/Pacific-Sunwear-Completes-Sale-Anaheim\/story.aspx?guid=%7BD16F7F1C-DAF9-4799-A6DC-8DEBAE25448F%7D\" target=\"_blank\">MarketWatch<\/a><\/strong><strong>]<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On the conference call earlier this week analysts asked several times what the hold up was with the sale of PacSun&#8217;s Anaheim, California distribution center and it was obvious that many were worried that something had gone south on the deal. CFO Michael Henry assured everyone that the deal was underway. And he was telling [&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\/2673"}],"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=2673"}],"version-history":[{"count":1,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/2673\/revisions"}],"predecessor-version":[{"id":2674,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/2673\/revisions\/2674"}],"wp:attachment":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2673"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2673"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2673"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}