Pacific Sunwear of California, Inc. today reported that total sales from the Company's PacSun division for the five weeks of fiscal March ended April 5, 2008 were $115.3 million, a decrease of eight percent from division sales of $125.0 million during the same period last year.
PacSun same-store sales decreased eight percent during the same period. Total sales from the PacSun division for the first nine weeks of fiscal 2008 were $192.9 million, a decrease of two percent from division sales of $197.5 million during the same period last year. PacSun same store sales decreased three percent during the same period.
On Feb. 3, 2008, the company began liquidation sales in its 153 demo stores. The company will report demo as a discontinued operation in quarterly filings beginning with the first quarter of fiscal 2008 ending May 3, 2008. Total March sales from these demo liquidation stores were $13.4 million and total demo sales for the first nine weeks of fiscal 2008 were $27.0 million.
