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Pier 1 Imports profit nearly doubles in Q1
Fort Worth, Texas -- Pier 1 Imports reported Thursday that its fiscal first-quarter profit nearly doubled, rising to $14.1 million, compared with $7.7 million in the prior year period.
Revenue increased 9% to $334.6 million from $306.3 million. Same-store sales rose 10.2%. -
Cheesewright to educate investors in Canada
Walmart Canada president and CEO David Cheesewright is scheduled to speak next week at the Jefferies 2011 Global Consumer Conference near Boston. Walmart doesn’t typically push country presidents on stage at investor conferences except at its own analysts’ meetings when it has hosted events overseas in such places as China earlier this year or prior years in Brazil and the United Kingdom. However there are some interesting things going on in Canada these days, and the Jefferies event is an opportunity for Walmart to showcase some of its management talent.