Pier 1 cancels clearance sale

According to the Wall Street Journal'sHeard on the Street column, (subscription required), Pier 1 Imports has canceled its annual clearance sale due to lack of stock in inventory. The limited supply caused the home furnishing chain to mark all items at full retail price, a move that will likely come as a shock and a disappointment to the loyal customers who flock to the store annually for the sale.

Pier 1 says it expects store traffic to fall but is confident it will retain healthy margins.
Read Full Story
  • DJI25886.01306.611.20%
    NASDAQ7895.99129.381.67%
  • NIKKEI 22520418.8113.110.06%
    Hang Seng25734.22238.760.94%
    DAX11562.74150.071.31%
  • USD (PER EUR)1.110.00000.00%
    USD (PER CHF)1.020.00000.00%
    JPY (PER USD)106.360.00000.00%
    GBP (PER USD)1.210.00000.00%