Pier One Reports Stormy Third Quarter

Hogsett, Don
December 2005
Home Textiles Today;12/19/2005, Vol. 27 Issue 14, p16
Trade Publication
The article reports on the business performance of Fort Worth, Texas-based home accessories retailer Pier 1 Imports Inc. for the third quarter of 2005. Its sales declined by 2.4 percent to $476.2 million. Inventories increased sharply in comparison to sales. Marvin Girouard, chairman and chief executive of Pier 1, has stated however that the national distribution of two Pier 1 catalogs have improved sales in the fall of 2005.


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