Sunwear

Teen retailer Pacific Sunwear slumped 60 cents, or 14%, to 3.71 after the company projected a larger-than-expected loss for the current quarter.

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Pacific Sunwear of California posted a fourth quarter loss of $35.2 million, or $0.53 per share, slightly narrower than a loss of $36.5 million, or $0.56 per share, in the same quarter last year.

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Pacific Sunwear of California posted a fourth quarter loss late yesterday of $35.2 million, or $0.53 per share, slightly narrower than a loss of $36.5 million, or $0.56 per share, in the same quarter last year.

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Fellow teen retailer Pacific Sunwear of California Inc. late Tuesday blamed increased competition in part for a slower-than-expected start to the back-to-school season and disappointing third-quarter guidance.

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Pacific Sunwear of California shares are lower after the company posted a fourth quarter loss late yesterday of $35.2 million, or $0.53 per share, slightly narrower than a loss of $36.5 million, or $0.56 per share, in the same quarter last year.

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In earnings news, Pacific Sunwear of California posted a fourth quarter loss, with a 10 percent decline in revenue, while teen retailer Rue21 reported an increase in fourth quarter net income.

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Pacific Sunwear of California Inc. said Wednesday it plans to close up to 200 underperforming stores in the coming 14 months amid slumping sales.

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Pacific Sunwear of California posted a fourth quarter loss late yesterday of $35.2 million, or $0.53 per share, slightly narrower than a loss of $36.5 million, or $0.56 per share, in the same quarter last year.

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Also lagging the market Wednesday are apparel stores shares, down on the day by about 2.4% as a group, led down by Pacific Sunwear of CA

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Pacific Sunwear of California gained 14 cents, or 10%, to 1.49, after the company said it planned to close up to 200 stores in the coming 14 months and hoped to seek aid from a private-equity firm experienced with ailing retailers.

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