Pier 1 Imports Returns to Profitability in 2Q
The Pier 1 Imports Inc. Thursday it returned to profitability in the second quarter, supported by the removed items less, lower costs and inventory levels lean.
Pier 1 said it’s fourth consecutive quarter that the company had made a profit, and boost confidence in the performance of the retailer to improve steadily under the leadership of Chief Executive Officer of Alex Smith.
Shares of the company’s home decor, or 47 cents per 6, to $ 8.43 in midday
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