PIR - PIR Stock Tumbles 16% on Significant Q2 Loss: What Next?
PIR stock is one of the leading losers on Thursday after Pier 1 Imports Inc (NYSE:PIR) reported that comparable sales fell 12.6% in Q2 and gross margin tumbled as well.
Increased Q2 LossOver the past few years, most retailers, save for Amazon (NASDAQ:AMZN), have been struggling, and the factors behind the struggle have been manifold. One retail company that is certainly within that struggling group is Pier 1 Imports, which is based out of Texas. The company released its financial results for the second quarter on Wednesday and numbers made for grim reading. Pier 1 ...
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