In an interview this morning on CNBC, Pacific Sunwear CEO Gary Schoenfeld said that although Black Friday same-store sales for the retail chain saw a 3% decline, he is optimistic that sales—especially in the women’s category—will begin to see gains in spring 2011 and moving forward. The interview and an official company statement follow:
Gary H. Schoenfeld, Chief Executive Officer of Pacific Sunwear of California, Inc. (Nasdaq:PSUN) (the “Company”), will be appearing on CNBC today at approximately 9:50 a.m. EST. In advance of Mr. Schoenfeld’s appearance, the Company announced that its same-store sales for Black Friday, November 26, 2010, declined 2% versus Black Friday last year.
About Pacific Sunwear of California, Inc.
Pacific Sunwear of California, Inc. and its subsidiaries (collectively, the “Company”) is a leading specialty retailer rooted in the action sports, fashion and music influences of the California lifestyle. The Company sells a combination of branded and proprietary casual apparel, accessories and footwear designed to appeal to teens and young adults. As of November 29, 2010, the Company operates 873 stores in 50 states and Puerto Rico. PacSun’s website address is www.pacsun.com.
The Pacific Sunwear of California logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=2087
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Pacific Sunwear of California, Inc.