83 029
Fashion Jobs
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time - Norwalk
Permanent · NORWALK
BELK
Store Fulfillment Associate - Full Time
Permanent · FRANKLIN
BELK
Asset Protection Lead - Full Time
Permanent · AUBURN
BELK
Store Fulfillment Associate - Full Time
Permanent · SAVANNAH
BELK
Store Fulfillment Associate - Part Time - Independence Mall
Permanent · WILMINGTON
BELK
Asset Protection Associate - Full Time
Permanent · ROCKY MOUNT
BELK
Store Fulfillment Associate - Part Time - Coastal Grand
Permanent · MYRTLE BEACH
BELK
Store Fulfillment Associate - Full Time - Bridgestreet
Permanent · HUNTSVILLE
BELK
Store Fulfillment Associate - Full Time
Permanent · TUPELO
BELK
Store Fulfillment Associate - Part Time
Permanent · SAVANNAH
BELK
Asset Protection Manager - Triangle
Permanent · RALEIGH
ALO YOGA
Construction Project Manager
Permanent · LOS ANGELES
SUN VALLEY
Sun Valley Marketing Manager
Permanent · SUN VALLEY
LULULEMON
Community Specialist | (Contract) Market Street The Woodlands
Permanent · THE WOODLANDS
LULULEMON
Community Specialist | Orlando Premium Outlet
Permanent · ORLANDO
LULULEMON
Full-Time Community Specialist | Cumberland Mall
Permanent · ATLANTA
FOSSIL
Dam/Dynamic Media Administrator
Permanent ·
KOHLS
Operations Supervisor - Weekend Days
Permanent · PLAINFIELD
KOHLS
Technical Project Manager
Permanent · MENOMONEE FALLS
KOHLS
Loss Prevention Associate
Permanent · FINDLAY
NAVY EXCHANGE
Vending Route Driver (Operations Worker) FT w/Benefits
Permanent · BREMERTON
NAVY EXCHANGE
Asset Protection/Safety Investigator (Detective) FT w/Benefits
Permanent · BREMERTON
By
Reuters
Published
Dec 10, 2008
Download
Download the article
Print
Text size

NWQ Investment cuts passive stake in PacSun

By
Reuters
Published
Dec 10, 2008

Dec 10 (Reuters) - Pacific Sunwear of California Inc shareholder NWQ Investment Management Co LLC cut its passive stake in the athletic-clothing retailer to 0.01 percent from 10.87 percent, according to a regulatory filing Nov. 28.

The cut brings NWQ's ownership in the company to 6,419 shares, and gives it sole voting power over these shares.


http://shop.pacsun.com/

Pacific Sunwear, which has struggled in recent years to recapture its former success with teens looking for surf-inspired wear, had on Tuesday said that Thomas Kennedy, division president of PacSun, resigned to pursue other interests.

"We believe that investors may be concerned about Pacific Sunwear's loss of a senior executive at a time when the retail environment is so tough and while (the company's) results remain pressured," UBS analyst Roxanne Meyer wrote in a note dated Dec. 9.

Pacific Sunwear, which competes with other teen apparel retailers, including American Eagle Outfitters and Children's Place , had posted third-quarter loss from continuing operations hurt by a slowdown in consumer spending and forecast a loss for the fourth quarter.

However, Meyer said things remain "business as usual" at Pacific Sunwear as she doesn't believe this action points to uncertainty in the company's merchandise direction.

She has a "neutral" rating and a $1.50 price target on the stock.

Pacific Sunwear shares were down a little over 2 percent at $1.82 in late afternoon trade on Nasdaq Wednesday. They have lost more than 85 percent of their value this year. (Reporting by Dilipp S. Nag in Bangalore; Editing by Anthony Kurian)

© Thomson Reuters 2024 All rights reserved.