PacSun's turnaround update, big junior's problems

<p><em><strong>Plus, positive news in young men's.</strong></em></p> <p>Pacific Sunwear CEO Gary Schoenfeld updated analysts on the progress of the retail chain’s turnaround this afternoon as the company reported a weak fourth quarter and tepid forecast for Q1.</p> <p>The company remains “well aware that we are a turnaround with a lot of work ahead of us,” Gary said.</p> <p>However, he is quite enthused with the opportunities ahead and is confident the company will return to positive same store sales in the fourth quarter of 2010.</p>