PacSun set to close up to 200 locations

Posted to: Business Jobs
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By Carolyn Shapiro
The Virginian-Pilot
© December 10, 2011

Pacific Sunwear of California Inc., which has PacSun stores in most Hampton Roads malls, plans to close as many as 200 locations as part of a restructuring. The retailer, based in Anaheim, Calif., announced as part of its third-quarter earnings results that it has completed negotiations with landlords on the closures of 175 to 200 stores. It did not release a list of locations to be closed.

PacSun targets teen shoppers and has stores in MacArthur Center in Norfolk; Greenbrier Mall in Chesapeake; Lynnhaven and Pembroke malls in Virginia Beach; Patrick Henry Mall in Newport News; and Williamsburg Premium Outlets. Pacific Sunwear plans to buyout about 75 leases and shutter 115 stores when their leases end in the next 14 months.

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