Pier 1 sees same-store sales down in the second quarter

Pier 1 Imports, the Ft. Worth, Texas-based home decor retailer in the midst of a turnaround, has reported its second-quarter same-store sales fell 1.7 percent.

The company, which has not yet released full second-quarter results, said margins were hurt by more sales activity during the period.

Specifically, Pier 1 CEO Alex Smith said traffic was positive, but markdowns in garden accessories and outdoor furniture hurt the company’s overall performance.

Pier 1 will release its full quarterly results on Sept. 18.

Want to read more?
This content is available only to registered users. Log in to read the rest of this article or create a free account.
© 2014 Home Channel News. All Rights Reserved.