Pier 1 Imports CEO Out As Q3 Comps Sink

Pier 1 Imports’ CEO stepped down and the retailer said it is exploring strategic alternatives after a difficult third quarter, when comps sharply declined and the company reported a net loss.

Overstock Q3 Revenue Up, But Losses Also Grow

Overstock.com pursued more robust marketing initiatives in the third quarter ended September 30 and, partially because of those efforts, posted a net loss of $47.9 million, or $1.55 per diluted share, versus $786,000, or three cents per diluted share, in the year-earlier period.

Pier 1 Stumbles Through Q2

Pier 1 Imports launched a new strategic plan in the second quarter but customers didn’t jump on board, as the retailer posted a deeper net loss and a comparable sales decline. 

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