Pacific Sunwear Files for Chapter 11 Protection - Dow Jones Bankrupt...

04/07/16

Pacific Sunwear Files for Chapter 11 Protection
Dow Jones Bankruptcy & Debt (subscription)
Struggling teen retailer Pacific Sunwear of California Inc. filed for bankruptcy Thursday in an effort to reduce its long-term debt by 65% and lower operating costs to "better match the shifting retail landscape." The company's battered stock was worth ...