This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

10 Retail Stock Losers of 2011: Which Will Recover in 2012?

1. Pacific Sunwear of California

Pacific Sunwear of California (PSUN - Get Report) needed to do something fast or it was facing its demise, and the company answered the call somewhat after Wednesday's closing bell, revealing plans to close as many as 200 underperforming stores and obtaining a loan from private equity firm Golden Gate Capital.

As of Wednesday's close, the stock was down 76% for the year. In after-hours action, the shares gained more than 40%.

The company has suffered with teens choosing to go to Zumiez (ZUMZ) for their action sports apparel and gear and American Eagle Outfitters (AEO)or Abercrombie & Fitch (ANF) for fashion.

Even prior to Wednesday's news, Needham analyst Christine Chen was saying merchandise assortment and store environment have improved at PacSun in recent months. But while its girls business finally turned positive, its guys segment turned negative and inventories are high versus sales trends.

"We would like to see more evidence that a margin recovery is underway or stronger sales momentum, before we become more positive on the stock," Chen wrote in a note.

Wednesday's news may be the beginning of a turnaround but significant challenges remain.

>>To see these stocks in action, visit the 10 Retail Stock Losers of 2011 portfolio on Stockpickr.

- Reported by Jeanine Poggi in New York.

Follow on Twitter and become a fan on Facebook.

11 of 11

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
OMX $15.26 -0.26%
TLB $0.00 0.00%
RSH $0.31 12.76%
GES $18.60 0.00%
ODP $9.16 0.00%


DOW 18,037.97 -42.17 -0.23%
S&P 500 2,108.92 -8.77 -0.41%
NASDAQ 5,060.2460 -31.8390 -0.63%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs