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Anaheim, Calif. Pacific Sunwear of California announced that total sales for fourth quarter fiscal 2008 ended Jan. 31, were $351.7 million, a decrease of 8.5% from $384.3 million for the fourth quarter ended Feb. 2, 2008. Total company same-store sales decreased 10%.

For fourth quarter fiscal 2008, the company recorded a loss from continuing operations of $27.6 million, compared with income from continuing operations of $19.6 million in fiscal 2007.

“While we are disappointed with our operating results for fiscal 2008, we accomplished several key objectives focused on reducing inventory levels, managing costs and preserving our liquidity in this challenging retail environment,” said Sally Frame Kasaks, CEO.

Total sales for fiscal 2008 ended Jan. 31, were $1,2 million, down 3.9% from $1.3 million during fiscal 2007. Same-store sales decreased 5%.

For fiscal 2008, the company recorded a loss from continuing operations of $39.4 million, compared with income from continuing operations of $45.6 million in the year-ago period.