What happened to PacSun?
What happened to PacSun?
PacSun has filed for bankruptcy three times and has severely reduced the number of stores it operates from more than 1,300 at its peak to fewer than 600 now.
Why is PacSun going out of business?
Alas, the brand fell into financial peril due to high occupancy costs and maturing debt. What they did differently: PacSun worked with Golden Gate Capital and Wells Fargo to reorganize through a debt-for-equity agreement. Today, PacSun is doing quite well in the face of the pandemic.
Did PacSun shut down?
The company went bankrupt in April 2016 and is now owned by Golden Gate Capital. This was the company’s third time filing bankruptcy….PacSun.
A freestanding PacSun in Freeport, Maine | |
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Founder | Jack Hopkins |
Headquarters | Anaheim, California, United States |
Number of locations | 400 (June 2020) |
How reliable is PacSun?
PACSUN has a consumer rating of 2.16 stars from 250 reviews indicating that most customers are generally dissatisfied with their purchases. Consumers complaining about PACSUN most frequently mention customer service, black friday and gift card problems. PACSUN ranks 65th among General Apparel sites.
Why is Pacsun bad?
Its environmental rating is ‘very poor’. It does not publish sufficient relevant information about its environmental policies to give a higher rating. As a shopper you have the right to know how its products impact on the environment. It has a Supplier Code of Conduct which covers most workers’ rights principles.
Does Pacsun own Brandy Melville?
Pacsun has been the exclusive Brandy Melville wholesaler in the US for years. In 2014, Vox’s Racked reported that Pacsun started selling Brandy Melville clothing in stores around 2011, despite the brand’s controversial one-size-fits-most motto.
Why is PacSun bad?
Does PacSun steal your information?
PacSun collaborates with government agencies and security organizations to prevent fraud and fraudulent use of your information, including your personal information.
Is PacSun a bad company?
Its environmental rating is ‘very poor’. As a shopper you have the right to know how its products impact on the environment. Its labour rating is ‘not good enough’. It has a Supplier Code of Conduct which covers most workers’ rights principles.