Pier 1 Imports (PIR) June Comps Down 18.4%
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Pier 1 Imports, Inc. (NYSE: PIR) said June comparable store sales declined 18.4%, versus the consensus of a 14.1% drop.
Marvin J. Girouard, Pier 1's Chairman and Chief Executive Officer, commented, "Sales in June were disappointing, especially after the Father's Day weekend when last year's heavy promotions caused more difficult sales comparisons. Although customer traffic remained below last year in June, merchandise margins improved versus the year-ago period.:
Marvin J. Girouard, Pier 1's Chairman and Chief Executive Officer, commented, "Sales in June were disappointing, especially after the Father's Day weekend when last year's heavy promotions caused more difficult sales comparisons. Although customer traffic remained below last year in June, merchandise margins improved versus the year-ago period.:
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