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Earnings Analysis: 
Pacific Sunwear Q3 Earnings Call Transcript
Author: 123jump.com Staff
123jump.com
Last Update: 6:12 PM ET December 04 2008


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Sally Frame Kasaks

Pretty much, yeah. More so perhaps on the young men’s side than the junior side but we have been able to adjust, yeah.

Elizabeth Pierce - Roth Capital Partners LLC

Okay and I presume adjusting meaning --

Sally Frame Kasaks

Canceling, shifting deliveries, reworking assortments, all of the above.

Elizabeth Pierce - Roth Capital Partners LLC

And I know it’s early and you don’t want to talk too much about product for next spring, but I guess I have two questions -- one, if you are seeing anything on denim that would cause either guys or gals to update their wardrobe for spring, since that has been such a good performer for you, and then just your thoughts on Flynn, since it was a category that was somewhat problematic last year.

Sally Frame Kasaks

I’ll start with Flynn and our plan is to bring in, except in a few markets, to bring Flynn later than last year, so clearly that will also bring some of our dependency on that category down a bit but we will be bringing in a bit later than we had typically, where we may have come out a little bit stronger last year and the sales weren’t as strong in relationship to the inventory.

Right now in denim, we see enough going on that we believe -- last year we know we did not capitalize on it enough in a number of categories and styles. We believe we can make up for that deficiency from last year. I’m not sure how strong it can be, you know, after we get past the March period there will be a bit of a lull but we certainly see a range of product within denim carrying us through spring.

Elizabeth Pierce - Roth Capital Partners LLC

All my other questions have been answered, thanks.

Sally Frame Kasaks

Thanks.

Operator

Your next question comes from Crystal Kallik of D. A. Davidson.

Crystal Kallik - D. A. Davidson & Co.

Good afternoon.

Sally Frame Kasaks
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