Question-and-Answer Session
Operator
(Operator Instructions). Your first question comes from the line of Mitch Kummetz with Robert W. Baird.
Mitch Kummetz - Robert W. Baird
Yeah thanks and congratulations on the quarter. Got a few question, Doug may be just on the SG&A specifics and those comments you just made about SG&A being down slightly from 2008 it looks like nine months or may be a year, SG&A is down about 3.3 million I am not sure what slightly means I mean does that mean kind of flattish in the fourth quarter year-over-year or do you actually expect it to be up a little bit given some of those investments that you made recently?
Doug Collier
I think it’ll be up a little bit, try more like the Q1 of this year and I think slightly remain and you know probably be a couple of million below where we ended up last year.
Mitch Kummetz - Robert W. Baird
Okay. And then on the PacSun business I mean you came in right where you said you were on the quarter and your Q4 outlook really hasn’t changed. I know you are not only speaking to 2010 yet, but I am sure you have had some preliminary discussions with those guys if not further down the road with it. Tough comparison there on the first quarter. I mean you expect you are showing pretty big decreases through the last couple of quarters, and then its better in Q4. I mean do you expect that to kind of continue into the first quarter of next year before may be leveling off or how are you thinking about that?
Richard Woolcott
Hey Mitch, this is Richard here. Yeah we’ve had a number of meetings both with Gary and the buying teams and our teams internally here with their teams. And specifically looking at next year what type of initiatives we are going to roll out, what type of products we are going to focus on, so we are in that process right now. I think its too early to tell exactly how that’s all going to unfold, actually translate into actual orders for next year.
Our hope is that we can build, if we can build back that business and both teams are working on that initiative of okay, here is what we have set this year, we’ve set the bench at $30 million and let’s go after the business and try to build it back. I think on our next call we are going to have a much better idea of how that actually unfolds and when that kind of lands if it is in the first quarter, second quarter, back half. We don’t have that information yet. I think the one thing I can say is that the relationship and the communication no doubt is the strongest its ever been. I think that their direction with their focus back on brands lends itself very well from where Volcom’s is at, not only in the market place today, but as we move forward. So there’s positive momentum and again I think on the next call, we’ll really be able to see how that momentum actually unfolds in terms of building back our sales
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