— Furniture Today,
\nTotal revenue also mixed<\/p>\n
FORT WORTH, Texas \u00e2\u20ac\u201d Pier 1 Imports said same-store sales slid 10.8% in the four weeks ended Feb. 25, during what the chain called a \u00e2\u20ac\u0153transitional month,\u00e2\u20ac\u009d while The Bombay Company\u00e2\u20ac\u2122s same-store sales rose 4.2% from a year earlier.
\n
\nTotal revenue for the four-week period declined 6.5% at Pier 1 to $109.7 million, and rose 0.6% at Bombay to $35 million. Both retailers are based in Fort Worth.
\n<\/p>\n
Pier 1 Chairman and CEO Marvin Girouard said sales were slower in February after a clearance event the company believes pulled sales into January.<\/p>\n
\u00e2\u20ac\u0153During February, inventories were lean most of the month as stores prepared for new merchandise arrivals,\u00e2\u20ac\u009d he said. \u00e2\u20ac\u0153Although February\u00e2\u20ac\u2122s average ticket sales were higher versus the year-ago period, customer traffic was below last year, especially in periods of inclement weather during the month.\u00e2\u20ac\u009d<\/p>\n
Girouard said the company plans to roll out new styles starting this month in a \u00e2\u20ac\u0153modern craftsman\u00e2\u20ac\u009d theme.<\/p>\n
\u00e2\u20ac\u0153Pier 1\u00e2\u20ac\u2122s merchandise has evolved from a traditional global motif to a more streamlined and contemporary style and design, with distinctive global influences,\u00e2\u20ac\u009d he said. \u00e2\u20ac\u0153This new merchandise has simpler lines, architectural shapes, and in many cases larger-scale proportions with sophisticated, fashion-forward color palettes. We believe the new Pier 1 modern craftsman designs make our merchandise more relevant to today\u00e2\u20ac\u2122s consumers.\u00e2\u20ac\u009d<\/p>\n
For its fiscal year ended Feb. 25, Pier 1 reported total sales of $1.85 billion, down 2.5% from the previous year, with same-store sales declining 7.2%.<\/p>\n
Bombay said its February same-store sales gain was higher than the total revenue rise mainly because the company got out of the wholesale business last year, which accounted for $1.3 million in sales in February 2004.<\/p>\n
\u00e2\u20ac\u0153We were encouraged by the positive same-store sales trends, particularly early in the month, but saw a softening of sales as the month progressed,\u00e2\u20ac\u009d said Chairman and CEO James Carreker. \u00e2\u20ac\u0153Core Bombay stores had the strongest same-store sales growth, while same-store sales at Bombay Kids stores declined slightly due to a shift in the marketing calendar.\u00e2\u20ac\u009d<\/p>\n","protected":false},"excerpt":{"rendered":"
— Furniture Today, Total revenue also mixed FORT WORTH, Texas \u00e2\u20ac\u201d Pier 1 Imports said same-store sales slid 10.8% in the four weeks ended Feb. 25, during what the chain called a \u00e2\u20ac\u0153transitional month,\u00e2\u20ac\u009d while The Bombay Company\u00e2\u20ac\u2122s same-store sales rose 4.2% from a year earlier. Total revenue for the four-week period declined 6.5% at […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-205","post","type-post","status-publish","format-standard","hentry","category-furniture-world-news"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts\/205","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/comments?post=205"}],"version-history":[{"count":0,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts\/205\/revisions"}],"wp:attachment":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/media?parent=205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/categories?post=205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/tags?post=205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}