Retail Industry
Industry: Email Alert RSS FeedSCANDIFFIO LEAVES PACIFIC SUNWEAR; TEEN RETAILER ALSO REPORTS 1.4% DROP IN COMP-STORE SALES IN MARCH.
Daily News Record, April, 2001 by Kletter, Melanie; Palmieri, Jean E.
NEW YORK -- Men's wear veteran Michael Scandiffio has resigned as executive vice-president of Pacific Sunwear of California, effective immediately.
The news came the same day the teen retailer reported March same-store sales slipped 4.1 percent due to poor spring and summer apparel sales. PacSun also said it would take a onetime charge related to its planned move to a new distribution facility, which will lower expected earnings per share in the first quarter.
Following the news, the company's shares dropped $1.93 to $23.77 in over-the-counter trading.
Reached by telephone on the West Coast, Scandiffio told DNR: "I was recruited to spearhead a lot of the changes they wanted in design, creative and product development. But we just got to...
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Most Recent Reference Articles
- A Maryland state trooper gave Erik Bonstrom an $80 ticket for driving too slowly
- In California, postal worker Dean Hudson has been found guilty
- Alec Loorz, the 15-year-old founder of Kids vs. Global Warming and recent Brower Youth Award recipient, went to Congress in November for a press conference with Senators Barbara Boxer and John Kerry, who are championing legislation to stabilize US greenho
- Foreign exchange
- The buzz on bees
Most Recent Reference Publications
Most Popular Reference Articles
- Credit card debt on college campuses: causes, consequences, and solutions
- 9 questions to ask your new lover: what you were afraid to ask, but always wanted to know
- How Tyler Perry rose from homelessness to a $5 million mansion
- Rejoice anyway - Zephaniah 3:14-20, Philippians 4:4-7 - Living by the Word - Column
- Living by the word
Presented by American Express