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Pier 1 inventory troubles detract from e-commerce success
E-commerce sales surged at Pier 1 Imports during the second quarter, but the retailers overall sales grew less than expected and the company lowered its full year outlook.
Total sales increased 2.7% to $430 million and same-store sales increased 2.5%. Excluding the effects of the stronger U.S. dollar, total sales increased 4% and same-store sales increased 3.8%.
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Johnny Rockets targets millennials with new concept
Johnny Rockets is launching a fast-casual concept that the company hopes will appeal to time-starved millennials on the run.
Called Johnny’s Burger Factory, the 1,000-sq.-ft. eatery is located at the Walden Galleria mall, in Buffalo, New York, and will open on Sept. 26.

