Pier 1 margins expanded during Q1
June 3, 2011,
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.
President and ceo Alex Smith said merchandise margins were trending up across all product categories.
Related Content By Author
Live From New York: Fashion Comes Across the Pond
Home & Textiles Today eDaily
Most Viewed Articles
See the September 2017 issue of Home & Textiles Today. In this issue, we look at the Attack of the Killer Third Tier: Monster off-pricers are climbing to the top of the food chain, plus New Products: 40 pages of new products debuting at the New York Home Fashions Market; Home Stores: TJX unveils first U.S. HomeSense store; Clicks to Bricks: Boll & Branch moves from digital to physical retailing; and much more...