Williams-Sonoma (WSM) Declares $0.39 Quarterly Dividend; 3.1% Yield

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Go back to Williams-Sonoma (WSM) Declares $0.39 Quarterly Dividend; 3.1% Yield

Pier 1 Imports slumps 30 percent; holiday optimism disappears

December 14, 2017 1:34 PM EST

By Noel Randewich

SAN FRANCISCO (Reuters) - Pier 1 Imports Inc's (NYSE: PIR) stock lost nearly a third of its value on Thursday and its main competitors' shares also fell after the furniture and home decorations retailer warned the holiday shopping season was not going well.

Shares in the seller of wicker chairs and scented candles slumped 30 percent and was on track for its deepest one-day drop since 2009, while rival Williams-Sonoma Inc (NYSE: WSM) fell 3.25 percent, Bed Bath & Beyond Inc (NASDAQ:... More