PacSun

Pacific Sunwear of California Inc.
PacSun
Private
Founded Newport Beach, California,
United States (1980)
Founder Jack Hopkins
Headquarters Anaheim, California,
United States
Number of locations
 645 (June 2013) [1]
Area served
 United States
Canada
Puerto Rico
Products California inspired clothing, footwear, and accessories.
Revenue Increase USD$797.79 million (2014)[1]
Decrease $48.72 million (2014)[1][1]
Owner Golden Gate Capital
Number of employees
 Increase 10,300 (2014)[1]
Website pacsun.com

Pacific Sunwear of California Inc., branded as PacSun, is a United States-based retail clothing brand rooted in the youth oriented culture and lifestyle of California. The company sells lifestyle apparel, along with footwear and accessories designed for teens and young adults. As of late 2017, the company operated over 600 stores in all 50 states and Puerto Rico.[2] PacSun is headquartered in Anaheim, California, and operates a distribution center in Olathe, Kansas. The company's regional directors, district managers and store positions are located throughout the United States and Puerto Rico.[3] The company went bankrupt in April 2016 and is now owned by Golden Gate Capital. This was the 3rd time going bankrupt [4]

History

Initially founded by Jack Hopkins in 1980 as small surf shop in Newport Beach, CA,[5] the company offers products for both men and women that include: jeans, tees, tanks, polos, knits, flannels, hoodies, boardshorts, bikinis, shorts, pants, dresses, rompers, skirts, sweaters, jackets, snow apparel, shoes, sandals and accessories. As of April 2016, PacSun had 583 stores.[6]

PacSun built its business selling merchandise from established surf brands such as Quiksilver, Hurley, O'Neill, Billabong and Roxy but has long since expanded to include skate and street wear labels like Volcom, Vans, Converse, RVCA, DC Shoes, WESC, Nike, Diamond Supply Co., Young & Reckless, and Enjoi plus many more. Additionally, PacSun has been producing and selling apparel and accessories under proprietary brand names titled Bullhead Denim Co., Bullhead Black, On The Byas, Nollie, Kirra, Check & Stripe and Sound & Matter.

PacSun founded a sister chain, d.e.m.o., in 2000.[7] The last of these stores closed in 2008.[8]

In 2012, PacSun collaborated with sisters Kendall Jenner and Kylie Jenner to produce their own fashion line based on their personal style.[9]

In 2009, Gary Schoenfeld became the CEO of PacSun. In 2017, Schoenfeld left PacSun and was replaced by James Gulmi.[10]

Marketing practices

Pacific Sunwear Corporate Headquarters

In May 2011, PacSun launched its first national advertising campaign called 'Dress Irresponsibly'. The highlight of the campaign included television commercials aired across a variety of networks that featured famous athletes from the brands they work with. Appearances by Rob Machado, Bucky Lasek, Chris Pfanner, Kelia Moniz, Ryan Dungey and Leo Romero, were significant in helping re-establish the brand among its male audience. Other elements of the campaign included print media in both endemic and fashion publications, and a digital engagement initiative on Facebook titled 'Dress Irresponsibly: Style Challenge.' Through a customized Facebook app fans were encouraged to upload photos of themselves that met weekly style challenges in exchange for a chance to win a styling gig at Nylon in New York City.

Following the launch of the Dress Irresponsibly campaign, PacSun continued to evolve from just a surf and skate apparel shop into a leading retailer of emerging brands, particularly for women. Collaborations with notable design minded labels Whitley Kros and LnA coupled with a turn to style and fashion focused garments has given the brand an elevated look.

In an attempt to connect to the company's California roots, the brand launched a national digital and print initiative titled Golden State of Mind. Golden State of Mind, or GSOM for short, is about celebrating the creativity and diversity of California and its people. Working with photographers Nicholas Maggio, Harper Smith and Andrew Kuykendall, PacSun has looked to capture the beauty and imagination of California through lifestyle imagery from such places as Lake Arrowhead, Los Angeles, Malibu, Pismo Beach, Big Sur, and San Francisco. As part of the initiative, the retail giant created a lifestyle content website called GSOM.com. The site includes an interactive experience containing: campaign imagery and videos, landscape photography, a series of city videos that highlight the best places and locations in California, an interactive map, a user generated social media feed from Instagram, and a blog focused on: fashion, music, art, entertainment, action sports and brands.

Restatement

On February 23, 2005, the company restated results for certain periods to correct its accounting for leases.[11]

References

  1. 1 2 3 4 5 "PacSun.com". www.pacsun.com.
  2. ↑ "Pacific Sunwear Stores Corp-Company Profile-Vault.com".
  3. ↑ "Archived copy". Archived from the original on 2008-12-18. Retrieved 2009-05-02.
  4. ↑ Steven Church (2016-09-07). "Pacific Sunwear Has 'Retailer's Dream' as Bankruptcy Wraps Up". Bloomberg – via www.bloomberg.com.
  5. ↑ Catie. "Girls Clothing Trends 2016". The Daily Dolphin. Retrieved 2017-09-15.
  6. ↑ "Court Approval for Bankruptancy". www.bizjournals.com. Retrieved 2017-09-15.
  7. ↑ Marino-Nachison, Dave. "d.e.m.o. Rocks PacSun".
  8. ↑ Staff, WWD (7 January 2008). "PacSun to Close All D.e.m.o. Stores".
  9. ↑ "The Shifting Winds in Retail". Business 2 Community. Retrieved 2017-09-15.
  10. ↑ Knight, Taylor. "PacSun Names Interim CEO as Gary Schoenfeld Departs Company". Total Retail. Retrieved 2017-09-15.
  11. ↑ "Pacific Sunwear Announces Lease Acctg Corrections".
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.