Established 1999
     
8,000 companies from USA and India.  
   
Search over 25,500 news articles and 8,000 companies earnings    
 
Market Update : 
Pacific Sunwear Q1 Earnings Call Transcript
Author: 123jump.com Staff
123jump.com
Last Update: 12:20 PM ET May 28 2009


(Continued)

Email article | Print article

 
Now again, a lot of it is predicated on sales. If we have to get more promotional there comes some point where all of us will see a little bit more.

Sean Naughton – Piper Jaffray & Co.

Okay. Thanks.

Sally Frame Kasaks

You are welcome.

Operator

Our next question comes from the line of Connie Wong with Wedbush Morgan.

Connie Wong – Wedbush Morgan

Thanks for taking my question. I wanted to see Sally, if you can give us an update on product lead times. I think you had mentioned you guys were a little lighter on the better trending Bullhead denims so I kind of wanted to see where you guys are on the product lead times. Thank you.

Sally Frame Kasaks

We are finding, part of the denim, I don’t want to go too far out on this but typically denim starts to trail off in March and April and we did not see that typical trail off. That is why we were caught a little bit low on product. I think we need to understand that. Plus, we wanted to make sure we didn’t get overloaded on our older styles as we moved into back to school and we probably could have extended our deliveries longer. Our suppliers worked very closely with us. We are trying to be, I have talked about agility somewhat, we are attempting to cut some of the lead times. Part of this is how many meetings we have here. We have cut those way back. We are trying to make sure we can place orders as late as possible, particularly in our proprietary brands to ensure that we have got the right styles. To some extent we chase goods and value and frankly they have got some good styles out there that our core stores wish they had. These things were put into work later. We are looking to cut weeks off cycle times. I think we have positioned our denim business for flexibility. As styles begin to trend we can always air ship in but because of a number of supply chain initiatives we are significantly reducing the cost of transport so it is not just in the cost of goods but how do we ship, when do we ship. I feel we are much further along than we have ever been in terms of the agility we need to respond to trends. Does that answer your question?

Connie Wong – Wedbush Morgan

It has. Thank you. Just a follow-up question regarding promotional cadence. We have noticed changes to your Pac Loot promotion. Are you guys doing some testing go forward to see where you can bring more traffic to the stores?

Sally Frame Kasaks

Yes, we are looking, certainly value. We dropped the price of entry and we are testing in the core stores. This is something we have got to be sensitive to in this environment. So you probably have seen a couple out there.

Connie Wong – Wedbush Morgan

Okay, great. Thank you.

Sally Frame Kasaks

We are testing a number of things. Sometimes if I hear things that people see out there and I go, yep. Somebody just saw a test. Any more questions.

Operator


$1.87
2.75%
click on symbol for profile



  1  2  3  4  5  6  7  8  9  10  11  12

 


 
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites.
Market data: BATS Exchange. Inc.

350 Fund Managers Interviews - 10-year Annual earnings on 4,600 U.S. companies - 20-quarter Earnings on 3,800 U.S. companies - 3,200 U.S. IPO Prospectuses
- 2,100 Economic data releases from U.S., EU, UK, India, HK and Australia. 10-year Annual reports on 3,500 U.S. companies -
U.S. Earnings Calendar with 4,800 companies - 90,000 10-K reports - 26,000 Global markets news archive - 2,200 Earnings Conference Call Summaries

Other Sites:
© 1999-2012 123jump.com. All rights reserved