ANAHEIM, Calif., March 8, 2007 (PRIME NEWSWIRE) -- Pacific Sunwear of California, Inc. (Nasdaq:PSUN) today reported that total sales for the four weeks of fiscal February ending March 3, 2007 were $89.8 million, an increase of 1.2 percent over total sales of $88.7 million during the same period last year. Total Company same-store sales decreased 5.7 percent during the same period. By concept, PacSun same-store sales decreased 3.5 percent and demo same-store sales decreased 14.7 percent compared to the same four week period last year.
For more detailed information on February sales results, please call (714) 414-4210 to listen to a recorded commentary.
About Pacific Sunwear of California, Inc.
Pacific Sunwear, operating under three distinct retail concepts, is a leading specialty retailer of everyday casual apparel, accessories and footwear designed to meet the needs of active teens and young adults. As of March 3, 2007, the Company operated 843 PacSun stores, 116 PacSun Outlet stores, 225 demo stores and 9 One Thousand Steps stores for a total of 1,193 stores in 50 states and Puerto Rico. PacSun's website address is www.pacsun.com, merchandise carried at demo stores can be found at www.demostores.com and information about One Thousand Steps can be found at www.onethousandsteps.com. As previously announced, the Company is in the process of closing 74 underperforming demo stores. The sales results reported in this release include the 74 demo stores being closed. Sales after March 3, 2007 from the demo stores being closed will not be included in future comparable store sales results.
The Pacific Sunwear of California logo is available at http://www.primezone.com/newsroom/prs/?pkgid=2087
Pacific Sunwear Safe Harbor
Historical results reported in this press release are not necessarily indicative of future prospects of the Company. Our business is subject to risks and uncertainties which could adversely affect our business, results and prospects, including, among others: changes in consumer demands and preferences may adversely affect our performance; higher than estimated costs of goods sold, markdowns or selling, general and administrative costs may adversely affect our performance and results; higher than anticipated costs associated with the previously announced closure of 74 demo stores; competition from other retailers and uncertainties generally associated with apparel retailing; merchandising/fashion sensitivity; sales from private label merchandise, expansion and management of growth; our new concept (One Thousand Steps) is untested and may not be profitable or successful; reliance on key personnel; dependence on a single distribution facility; economic impact of natural disasters, terrorist attacks or war/threat of war; shortages of supplies and/or contractors, as a result of natural disasters or terrorist acts, could cause unexpected delays in new store openings, relocations or expansions; reliance on foreign sources of production; credit facility financial covenants and other risks outlined in the company's SEC filings, including but not limited to the Annual Report on Form 10-K for the year ended January 28, 2006 and subsequent periodic reports filed with the Securities and Exchange Commission.