Pier 1 Sales Jump 10.9 Percent in Third Quarter
November 29, 2012,
FORT WORTH, Texas-Increases in both store traffic and average ticket produced another healthy quarterly performance for Pier 1 Imports, according to a preliminary report from the home specialty retailer.
Total net sales climbed 10.9 percent in the quarter, which ended on Nov. 24. This included a gain of 7 percent in same-store sales, thanks to the additional traffic and the boost in average ticket. Gross margin, when all the numbers are tallied, is expected to show an increase of 70 basis points to 43.90 percent.