Pier 1 projects sales drop

Engel, Clint
November 2008
Furniture/Today;11/24/2008, Vol. 33 Issue 12, p1
Trade Publication
The article reports that Fort Worth, Texas-based Pier 1 Imports' same-store sales will decline from 16% to 18% during the third quarter of 2008. According to president and chief executive officer Alex Smith, the deterioration in customer traffic experienced in September has continued in October. Pier 1's stock has lost more than 95% of its value since May.


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