Pier 1 expects bigger loss but says catalog may boost future sales. (24-AUG-05) The Dallas Morning News (Dallas, Texas) (via Knight-Ridder/Tribune Business News)

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Pier 1 expects bigger loss but says catalog may boost future sales.

Publication: The Dallas Morning News (Dallas, Texas) (via Knight-Ridder/Tribune Business News)

Publication Date: 24-AUG-05

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Byline: Maria Halkias

Aug. 24--Pier 1 Imports Inc. slashed its quarterly profit outlook again Tuesday, saying that customer traffic continued to decline but that a September catalog launch should help drive future sales.

The Fort Worth-based home furnishings chain said it expects to report a second-quarter loss in the range of 12 to 14 cents a share vs. a year-ago profit of 12 cents. Analysts had estimated a loss of 6 cents, according a Thomson First Call...

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