PacSun plans on opening four new stores this fiscal year
Source: Seeking Alpha May 29, conference call transcript
One store appears to be at Mall at University Town Center in Florida.
The call also indicated they plan on closing 10-20 stores. IMHO, closing underperforming stores and opening new ones doesn't sound like a company that is going away soon, but shorts, of course, are free to take the other side of that trade.