Teen apparel retailer Pacific Sunwear (PSUN) announced store closures, financing and third quarter results late yesterday.

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Rival sports-inspired retailer Quiksilver (ZQK) is trading up over 3.6% today, while Pacific Sunwear (PSUN) trades up about 2.3%.

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Pacific Sunwear (nasdaq: PSUN - news - people ), whose d.e.m.o. division catering to casual teen "streetwear" has been struggling, said sales dropped 9.4% from last August.

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