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Pacific Sunwear (PSUN) skies 40% AH after announcing a deal with its landlords to close 175-200...

Pacific Sunwear (PSUN) skies 40% AH after announcing a deal with its landlords to close 175-200 underperforming stores and new financing from its lenders. For good measure, the company also announced a Q3 loss of ($0.10), beating by $0.04 on revenue of $242M ($233M expected). (PR)
Comments (2)
  • Josh Krause
    , contributor
    Comments (1361) | Send Message
     
    Hooray, more job losses! That's super great!
    7 Dec 2011, 05:00 PM Reply Like
  • Michael Verd
    , contributor
    Comments (58) | Send Message
     
    Still a dead company; same store sales decreased 3% and the ones they're keeping decreased -1%: http://bit.ly/v7VNsJ= Not to mention they burned 5mil in cash and had a GAAP loss of -.26.
    7 Dec 2011, 05:16 PM Reply Like
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