Pier 1 Margins Expanded During Q1
June 9, 2011-- Home Textiles Today,
Pier 1 Imports saw merchandise margins expand to 59.5% of sales during the first quarter, compared to 58.6% in the year-ago period.
The company said sales rose 9.5% to $335 million. Comps rose 10.2% on top of a 14.3% increase in last year's first quarter.
Company president and ceo Alex Smith said merchandise margins were trending up across all product categories.
Related Content By Author
Live from New York Textiles Market: Day 3