Surfwear companies keep balance atop rising wave of sales.Wall Street was nervous that hurricanes and rising gas prices might drain shoppers' extra cash and knock the wind out of back-to-school sales, one of the most critical times for stores. But Anaheim-based Pacific Sunwear Pacific Sunwear (also known as PacSun) is a shopping mall retail store that sells surfing and skateboarding clothing and accessories for teenagers and young adults. It was originally based in Newport Beach, California, United States. of California Inc. and Foothill Ranch-based Wet Seal Wet Seal is a young women's clothing retailer headquartered in Foothill Ranch, California. It carries moderately priced brand name and company-designed apparel and accessories. The company was founded in Newport Beach, California by Lorne Huycke in 1962 as "Lorne's. Inc. have both posted gains. At Pacific Sunwear, same-store sales Same-store sales is a business term which refers to the revenue generated by one of a retail chain's specific outlets during a certain period of time (often a fiscal quarter or a particular shopping season), compared to an identical period in the past, usually in the previous year. grew 5.3 percent from a year earlier for the five weeks ended Oct. 1. Total sales, including for stores open less than a year, were up 15 percent, to $113.7 million. The company, which operates nearly 1,000 mall stores, lures teens with trendy clothes and other garb from several popular local surf brands, including Huntington Beach-based Quiksilver Inc., Costa Mesa-based Volcom Inc., O'Neill Clothing and Billabong bil·la·bong n. Australian 1. A dead-end channel extending from the main stream of a river. 2. A streambed filled with water only in the rainy season. 3. A stagnant pool or backwater. USA, both in Irvine. Meanwhile, Wet Seal said sales at stores open at least a year jumped 45 percent in September, surpassing Wall Street expectations by about 30 percent. The company's net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight for the five-week period ended Oct. 1 grew 16 percent, to $48 million. In the past few years, Wet Seal has undergone a massive restructuring that included refinancing, the closing of 150 Wet Seal stores and the axing of its 31-store Zutopia clothing division. The company now has 307 Wet Seal and 92 Arden B. stores. To lure more shoppers, Wet Seal lowered its prices, increased its selection of clothing and accessories, and made more frequent deliveries of new stuff to its stores. Now, eyes are on the holidays. "September showed that the American consumer will still pay for fashion," Eric Beder, analyst at Brean Murray & Co. told Reuters. "The question is whether that will go forward." The National Retail Federation projects a 5 percent jump in holiday retail sales. The average consumer plans to spend $738.11 in November and December, up 5.1 percent from the previous year, according to the federation's holiday survey. Pacific Sunwear and Wet Seal already are trying to entice shoppers with marketing. On Wet Seal's redesigned Web site, the company is promoting "comfy, cozy" sweaters. There's a picture of a young girl wearing one, and above her it reads: "New stuff. Get it. Wear it. Flaunt flaunt v. flaunt·ed, flaunt·ing, flaunts v.tr. 1. To exhibit ostentatiously or shamelessly: flaunts his knowledge. See Synonyms at show. 2. it." Wet Seal also is offering free shipping on purchases of $60 or more. Meanwhile, Pacific Sunwear has its own promotions. The company's Web site, which says "Warm up for winter," has a photo of teens wearing cool sweatshirts from brands like Costa Mesa-based Hurley International LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , part of Nike Inc, JENNIFER BELLANTONIO Orange County Business Journal Please help improve the article by adding information and sources on neglected viewpoints, or by summarizing and |
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