Pacific Sunwear closes shoe stores

25/10/2007

Skate and surf footwear, clothing and accessories company Pacific Sunwear of California, Inc. is exploring strategic alternatives for its demo stores and plans to close its One Thousand Steps stores as soon as possible.

The demo and One Thousand Steps stores collectively generated pre-tax operating loss of approximately $21 million during the first three quarters of 2007.

Specialty footwear and accessories concept One Thousand Steps was launched in early 2006, targeting 18- to 24-year-olds.