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PacSun Utilizing Discounts to Clear Out Inventory

In an attempt to reduce inventory by the end of the year, Pacific Sunwear has announced discounts to ensure that they end the year with inventory per square foot down in the high single digits. CEO Sally Frame Kasaks said the increased promotions will impact margins and earnings in the short term, but the company believes it is the right thing to do to position the stores for next year given the economic climate.