Pier 1 Logs Solid 1Q Sales

Pier 1's first quarter same-store sales jumped 7.2% on top of a 10.2% gain in last year's Q1.
     Total sales for the quarter ended May 26 rose 7.9% to $361 million. Merchandise margins expanded to approximately 60.2% sales compare to the yearago rate of 59.8% of sales.
     "The new website and ‘Pier 1 To-You' project is entering its final stages. We are on track and will be ready for our launch in late July," said Alex Smith president and ceo.
     The company will report full earnings results June 14.

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HTT August 2017

See the August 2017 issue of Home & Textiles Today. In this issue, we look at the Top 50 Retailing Giants Report, plus Manufacturing: Made in the USA gaining ground; International: Portugal ramping up exports; New products: NY Now home textiles introductions; Outlook: Commentary from H&TT's editors; and Planning: Trade show calendar.

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