Pier 1 Imports (PIR) Oct Comps Down 13.7%
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Pier 1 Imports, Inc. (NYSE: PIR) said comparable store sales declined 13.7% for the four-week period ended October 28, 2006. Wall Street was looking for an 8.2% decline.
Marvin J. Girouard, Pier 1's Chairman and Chief Executive Officer, commented, "Although average ticket and conversion rate in the month of October were down only slightly from last year, traffic counts continue to be disappointing. As we enter the holiday season, we are focused on the execution of our merchandise and marketing plans.
Marvin J. Girouard, Pier 1's Chairman and Chief Executive Officer, commented, "Although average ticket and conversion rate in the month of October were down only slightly from last year, traffic counts continue to be disappointing. As we enter the holiday season, we are focused on the execution of our merchandise and marketing plans.
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