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Stock Market & Financial Investment News

News Breaks
June 19, 2014
11:23 EDTPIRPier 1 Imports sees pressure on gross profit rate continuing
Says revising ecommerce growth expectations for FY15-FY16. Now sees ecommerce sales of over $200M this year, exceeding $400M in FY16. Sees pressure on gross profit rate continuing. Says not planning store sales increases from traffic. Says "pleased" with response to in-home delivery service, says average ticket on this continues to exceed $1,000 since launch. Sees marketing dollars in Q2 comparable to Q1, sees FY marketing spend about 5% of sales. Says sees greater earnings power in 2H15. Sees FY CapEx around $80M. Says will face easier comparisons in Q3, Q4 vs. year ago. Comments made on the Q1 earnings conference call.
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August 11, 2014
07:05 EDTPIRDeutsche Bank discusses LBO chatter in Retail space
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