Pier 1 loss balloons to $72.2M as sales dip

December 2006
Furniture/Today;12/18/2006, Vol. 31 Issue 15, p48
Trade Publication
The article reports on the financial performance of specialty retailer Pier 1 Imports (P1I) Inc. P1I lost $72.7 million or 83 cents per share in the third quarter period ending November 25, 2006. Sales of $402.7 million decreased 11.8 percent from the comparable period in 2005. The company took a charge of $24.8 million or 28 cents per share in the latest quarter for store level asset impairment.


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