StockPreacher.com Issues Trading Outlook for Pier 1 Imports

• Press Release
• Source: StockPreacher
• On 6:50 am EDT, Thursday October 15, 2009

DALLAS, Oct. 15, 2009 (GLOBE NEWSWIRE) -- StockPreacher.com announces an investment report featuring Pier 1 Imports (NYSE:PIR - News). The report includes financial and investment analysis, analyst consensus, and pertinent industry information you need to know to make an educated investment decision.

Related Quotes

Symbol	Price	Change
BBY	43.26	+0.41

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The investment report on Pier 1 Imports (NYSE:PIR - News) should be of particular interest to comparable companies: Wal-Mart Stores Inc. (NYSE:WMT - News), Best Buy Co. Inc. (NYSE:BBY - News), Target Corp. (NYSE:TGT - News) and Costco Wholesale Corp. (Nasdaq:COST - News).

The full report is available at: http://www.stockpreacher.com/n/PIR

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Pier 1 Imports Inc. (PIR) is engaged in specialty retail operations. The Company's specialty retail operations consist of retail stores operating under the name Pier 1 Imports, selling a variety of furniture, decorative home furnishings, dining and kitchen goods, epicurean products, bath and bedding accessories, candles and other specialty items for the home. As of February 28, 2009, the Company operated 1,011 Pier 1 Imports stores in the United States and 81 Pier 1 Imports stores in Canada.

Message Board Search for PIR: http://www.boardcentral.com/boards/PIR

In the report, the analyst notes:

"The Company reported a net loss of $16 million, or $0.17 per share, for the second quarter, versus a net loss of $30 million, or $0.34 per share, for the same period last year. Operating results improved by $13 million to a loss of $15 million. Total sales for the second quarter declined to $287 million from $320 million in the year-ago quarter. Comparable store sales during the quarter declined 7.6% which can be attributed to reductions in traffic related to the declines in the overall economic environment. Without the effects of Canadian currency conversion rates, the decline in comparable store sales during the fiscal quarter was 6.9%.

"Home furnishings retailer PIR said earlier this week that its sales at established stores rose 9.9% in September and said merchandise margins continue to improve, sending its shares up 12%. PIR stock, which fell to 10 cents a share in March -- rose to $4.94 in extended trade from its close of $4.41 on the New York Stock Exchange."

To read the entire report visit: http://www.stockpreacher.com/n/PIR

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StockPreacher.com is a small-cap research and investment commentary provider. StockPreacher.com strives to provide a balanced view of many promising small-cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the public information available on them. For more information on StockPreacher, please visit: http://www.stockpreacher.com

StockPreacher.com Disclosure

StockPreacher.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. StockPreacher.com is a Web site wholly-owned by BlueWave Advisors, LLC. Please read our report and visit our Web site, StockPreacher.com, for complete risks and disclosures.

StockPreacher.com
Jeff Bishop
(469)-252-3505
press@beaconequity.com