latest news releases from the newsroom
Pacific Sunwear of California, Inc.
Pacific Sunwear Announces September Sales
ANAHEIM, Calif., Oct. 11, 2007 (PRIME NEWSWIRE) -- Pacific Sunwear of California, Inc. (Nasdaq:PSUN) today reported that total sales for the five weeks of fiscal September ended October 6, 2007 were $106.2 million, an increase of 5.3 percent over total sales of $100.9 million during the same five week period ended October 7, 2006. Total Company same-store sales increased 2.7 percent during the same period. By concept, PacSun same-store sales increased 5.4 percent and demo same-store sales decreased 15.4 percent compared to the same five week period last year. Due to the 53rd week in fiscal year 2006, total sales and comparable store sales for fiscal September 2007 are compared to the five-week period ended October 7, 2006.
The Children's Place, Inc.
The Children's Place Retail Stores, Inc. Announces Auditor Not Standing for Re-Election Following Completion of 2006 Form 10-K
SECAUCUS, N.J., Oct. 11, 2007 (PRIME NEWSWIRE) -- The Children's Place Retail Stores, Inc. (Nasdaq:PLCE) announced that on October 9, 2007, its current independent auditor, Deloitte & Touche LLP, advised that it will not stand for re-election as the Company's auditor for fiscal 2007, ending February 2, 2008. Deloitte & Touche will complete its current engagement as auditor of the Company's financial statements for the three fiscal years in the period ended February 3, 2007 (as to which there is a pending restatement of previously issued financial statements for fiscal 2005 and 2004). Deloitte & Touche's decision not to stand for re-election does not reflect any disagreement between it and the Company regarding any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure.