Pier 1 Imports reported a net loss of $23.2 million for the first quarter compared to a net loss of $12.5 million last year.
The cataloger and retailer reported total sales of $376.1 million for the quarter ended May 27, off 3.6% from $390.3 million last year.
CEO Marvin J. Girouard, company, attributed these results to continued weak store customer traffic while the Fort Worth, TX firm tried to reposition its merchandise
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