Pier 1 posts $73.1M loss

Engel, Clint
September 2006
Furniture/Today;9/18/2006, Vol. 31 Issue 3, p1
Trade Publication
The article reports that retailer Pier 1 Imports Inc. has posted $73.1 million loss in its second quarter in 2006 in the U.S. The continued struggle in sales amid major shifts in the company's merchandising strategy is the primary reason of its business losses. The loss for the quarter ended August 26, 2006, included nearly $38 million in unusual charges for an accounting change and other one-time events.


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