Pier I Q3 sales up 10.9%; holiday shopping starts strong
Fort Worth, Texas -- Pier I said its total sales increased 10.9% to $425 for the third quarter, ended Nov.15, with comparable-store sales rising 7.9% from the year-ago period.
“Excluding the impact of Hurricane Sandy, we estimate that third-quarter comp-store sales would have increased slightly over 9%,” said Alex Smith, Pier 1's president and chief executive. “We have had a terrific start to the holiday season, including a very strong Thanksgiving weekend, and believe the business is ideally positioned with a compelling merchandise assortment and multiple ways to shop the Pier 1 Imports brand, including both in-store and online.”
Christopher & Banks as 637 stores in 44 states, including 386 Christopher & Banks stores and 171 CJ Banks stores, which sell plus size women's clothing. It also has 55 “dual” Christopher & Banks/CJ Banks locations and 25 outlet stores.