Democratic Underground - Pier 1 cuts view on declining traffic

Reply #12: Pier 1 cuts view on declining traffic [View All]

UpInArms

(1000+ posts) Send PM | Profile | Ignore

Tue Aug-23-05 07:28 AM
Response to Original message

12. Pier 1 cuts view on declining traffic

http://www.marketwatch.com/news/story.asp?guid=%7BFF3F58E9%2D8A08%2D47EC%2DAD61%2DD34EDB6232C8%7D&siteid=mktw

NEW YORK (MarketWatch) - Home-furnishings retailer Pier 1 Imports Inc. on Tuesday cut its financial outlook for the second quarter, citing a decline in customer traffic in August that led to aggressive promotional discounts and markdowns.

Pier 1 (PIR: news, chart, profile) , based in Fort Worth, Texas, now sees a loss of 12 to 14 cents a share in the three-month period ending August 27 with same-store sales anticipated to decline between 8% and 9%. For August, the retailer expects a drop of 13% to 15% in same-store sales. Same-store sales, or sales from stores open at least a year, are an important retail industry measure.

...more...

Isn't this the 13th quarter of declines for Pier I?

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Got a message for Democratic Underground? Click here to send us a message.

Reply #12: Pier 1 cuts view on declining traffic [View All]