Pier 1 reports $29.3M profit

Thomas, Larry
June 2009
Furniture/Today;6/22/2009, Vol. 33 Issue 41, p54
Trade Publication
The article reports on the financial performance of the Forth Worth, Texas-based retailer Pier 1 Imports Inc. in 2009. It cites that the company has recorded a profit of only $29.3 million in the first quarter on May 30, lower compared to $32.8 million in the same period in 2008. The company declares that the decline is due to a reduction in its store count and sales decline of approximately 7.5%.


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