Thursday, June 21, 2007

UPDATE 1-Pier 1 quarterly loss widens, to close more stores

(Reuters) - In a regulatory filing on Thursday, the company said it
expects to close 100 stores rather than the 60 it had
previously planned and cut some more jobs. The company did not
specify how many jobs it planned to cut.




Related to these actions, it sees additional expenses of
about $10 million beginning in the second quarter but mainly in
the third quarter.


Read more at Reuters.com Market News

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