Pier 1 Imports (PIR) Sept Comps Down 10.1%
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Pier 1 Imports, Inc. (NYSE: PIR) said comparable store sales declined 10.1%. Sales for the five-week period ended September 30, 2006 aggregated $144,311,000, a decrease of 7.6% from $156,182,000 last year.
Marvin J. Girouard, Pier 1's Chairman and Chief Executive Officer, commented, "Sales in September were in-line with our expectations. Customer traffic was below last year, average ticket sales were higher and conversion rates were slightly below the year-ago period.
Marvin J. Girouard, Pier 1's Chairman and Chief Executive Officer, commented, "Sales in September were in-line with our expectations. Customer traffic was below last year, average ticket sales were higher and conversion rates were slightly below the year-ago period.
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