Pier 1 Boosts Sales for Fourth Quarter and Fiscal Year
March 3, 2011,
FORT WORTH, Texas-Pier 1 Imports wrapped up what Alex Smith, its president and chief executive officer, called "an outstanding year" with fourth-quarter and fiscal-year sales increases of 7.8 percent and 8.1 percent, respectively.
Net sales for the quarter totaled $427 million, and for the fiscal year reached $1.4 billion. Same-store sales also made impressive gains for both periods--8.9 percent for the quarter and 10.9 percent for the year.