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Pier 1 misses Q2 income expectations
Fort Worth, Texas – Pier 1 Imports, Inc. substantially missed expectations with a 32% decline in net income for the second quarter of fiscal 2014 compared to the same period last year. Net income totaled $17.8 million in the most recent fiscal quarter, down from $26.2 million.
Total sales were $395.6 million, a 7.6% increase from $367.6 million a year earlier. Comparable store sales increased 3.5% during the second quarter.
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Kohl’s to hire more than 50,000 holiday workers
Menomonee Falls, Wis. -- Kohl’s Department Stores said it plans on hiring more than 50,000 associates nationwide this holiday season to support seasonal business in stores and growth on its online platform.
Kohl’s anticipates hiring an average of 40 associates per store to provide shoppers with excellent customer service throughout the holiday season at its 1,158 stores in 49 states.