Pacific Sunwear of California Inc. unveiled a new pop-up retail experience in New York's SoHo district. Featuring its most prominent men's and women's brands in new, creative ways, the new PacSun pop-up shop at 583 Broadway will be open Memorial weekend through Labor Day. The dual-level, 10,000 sq. ft. space features a custom design that fuses New York City elements with PacSun's California heritage and Golden State of Mind brand essence. Upon entry, visitors of the SoHo shop will be transported to a place where Death Valley, Calif. meets New York City skylines and brands and fashion are a celebrated experience. An edited assortment of additional brands will also be featured including: RVCA, Volcom, Crooks & Castles, Neff, Young & Reckless, Us Versus Them, Stance, Rook Billabong, Roxy, and Bullhead Denim Co. Both men's and women's will also feature a shop that houses new and exclusive brand offerings, rotating every two weeks.

Pacific Sunwear of California Inc. announced that the company plans to close approximately 20 to 30 stores during fiscal year 2013.

Pacific Sunwear of California Inc. announced unaudited consolidated earnings results for the first quarter ended May 4, 2013. For the quarter, the company announced net sales of $169,838,000 compared to $162,263,000 for the same period a year ago. Operating loss was $11,110,000 compared to $17,828,000 for the same period a year ago. Loss from continuing operations before income taxes was $23,947,000 compared to $14,804,000 for the same period a year ago. Loss from continuing operations was $24,181,000 compared to $15,164,000 for the same period a year ago. Net loss was $24,181,000 compared to $15,623,000 for the same period a year ago. Loss from continuing operations per share, basic and diluted was $0.35 compared to $0.22 for the same period a year ago. Net loss per share, basic and diluted was $0.35 compared to $0.23 for the same period a year ago. Net cash used in operating activities was $29,704,000 compared to $31,357,000 for the same period a year ago. Capital expenditures were $1,114,000 compared to $4,713,000 for the same period a year ago. Non-GAAP loss from continuing operations were $9,407,000 compared to $13,516,000 for the same period a year ago. Non-GAAP loss from continuing operations per share was $0.14 compared to $0.20 for the same period a year ago. Comparable store sales increased 2%. The loss from continuing operations for the company's first quarter of fiscal 2013 included a non-cash loss of $9.3 million, or $0.13 per diluted share, compared to a non-cash gain of $6.3 million, or $0.09 per diluted share, for the first quarter of fiscal 2012 related to a derivative liability that resulted from the issuance of the convertible Series B Preferred Stock in connection with the term loan financing the company completed in December 2011. The company provided earnings guidance for the second quarter of fiscal 2013. The company's guidance range for the second quarter of fiscal 2013 contemplates a non-GAAP loss per diluted share from continuing operations of between $0.05 and income of $0.02. The forecasted guidance range is based on the assumptions: comparable store sales from flat to 5%; revenue from $209 million to $219 million; gross margin rate, including buying, distribution and occupancy, of 28% to 30%; SG&A expenses in the range of $59 million to $61 million; a normalized annual income tax rate of approximately 37%; and an estimated $10 million shift in revenue from the third quarter to the second quarter and a corresponding shift of $0.05 per diluted share as a result of the 53rd week calendar shift. The company's second fiscal quarter of 2013 guidance range excludes the quarterly impact of the change in the fair value of the derivative liability due to the inherently variable nature of this financial instrument. For the first quarter ended May 4, 2013, the company announced asset impairment of $861,000 compared to $1,489,000 for the same period a year ago.