Pier 1 Imports Inc reported that sales for the four-week period ended November 25, 2006 aggregated $144,315,000, a decrease of 14.7% from $169,235,000 last year, and comparable store sales declined 15.3%.
Sales for the third quarter were $402,714,000, down 11.8% from last year's $456,690,000, and comparable store sales declined 12.9%. Year-to-date sales of $1,149,504,000 were down 9.5% from $1,270,679,000 last year, and comparable store sales declined 11.6%. The Company will report third quarter results on December 14th.
Marvin J. Girouard, Pier 1's Chairman and Chief Executive Officer, commented, “Despite aggressive marketing and promotional efforts in November, our sales results in the home furnishings categories remain weak."
"Holiday merchandise is selling well and we expect to successfully manage overall inventories to insure that levels stay on plan, as they have from the beginning of the year.”
marketing@alchempro.com
