Pier 1 3Q Net Up 9.5% to $23M

December 14, 2011  by in UnCategorized   

By Aggregated Content in Furniture Retailing on December 15, 2011 from http://c.moreover.com/click/here.pl?z5616725257&z=1250249030

Home Furnishings retailer Pier 1 Imports (NYSE:PIR) was once on bankruptcy's doorstep during the recession, but has bounced back on more traffic and higher average receipts per customer.

The company also unveiled a three-year growth plan this year that involves spending $200 million to build new stores, renovate current locations and boost online sales.

"Our strong product assortments, the right balance of regular and promotional pricing and a great store experience are driving robust sales and merchandise margin growth," said Chief Executive Alex W. Smith.

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