Thursday, April 12, 2007

UPDATE 2-Pier 1 loss widens and sales slide

(Reuters) - NEW YORK, April 12 - Home furnishings retailer Pier 1 Imports Inc. on Thursday reported a larger quarterly loss on lower sales as customers gave a cool reception to its revamped product selection.

The net loss widened to $58.7 million, or 67 cents per share, in the fourth quarter ended on March 3, from $9.98 million, or 11 cents a share, a year earlier.


Read more at Reuters.com Market News

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