Pier 1 Likes 3Q Outlook

Pier 1 Imports said it expects comparable store sales to increase in the range of 8% to 10% for the third quarter ending Nov. 27. Last year's comp store sales for merchandise margins for the third quarter are expected to be approximately 58% of sales compared to last year's third quarter merchandise margins of 56.6% of sales.
     President and ceo Alex Smith said the momentum should continue through the holiday selling season and the company has added about $3 million of additional store payroll and marketing in the third quarter.
Pier 1 will announce fi scal 2011 third quarter sales on Dec. 2.

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

Featured Video

  • The Countdown to the ICON Honors Continues featuring Christophe Pourny

    Camera Icon More Videos


HTT digital edition

See the May 2017 issue of Home & Textiles Today. In this issue, we discuss our annual Market Basket survey, which finds higher prices and more polyester at leading retailers. See details!