Pier 1 February same-store sales fall 8.4 percent
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Home furnishings retailer Pier 1 Imports Inc.  said on Thursday that its sales at stores open at least a year fell 8.4 percent in February.
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U.S. retailers reported largely disappointing February sales results on Thursday, as cold temperatures and stormy weather hampered sales of spring merchandise.
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Losing sales to BlackBerrys and iPhones, the smartphone maker said it will close seven of its eight retail stores in February.
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British retailers felt the pinch following the Christmas trading period as sales plunged by 1.8 percent in January, the biggest monthly fall in four years, official data has shown.
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Same-store sales for the month come in short of the company's forecast.
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Business & money: Official data reveals a worse-than-expected fall in retail sales last month
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The company missed expectations as sales fell 2.2 percent at stores open at least 16 months in its Red Lobster chain.
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NEW YORK -- The nation's retailers, once hopeful for a strong spring selling season, are being forced to ratchet down their expectations after sales stalled amid the chill of February.
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Limited Brands Inc  said on Thursday sales at stores open at least a year fell 8 percent in December.
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Retailers felt the pinch following the Christmas trading period as sales plunged by 1.8 percent in January, the biggest monthly fall in four years, official data has shown.
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U.S. retailers like Wal-Mart Stores Inc.  and Federated Department Stores  reported weak February sales on Thursday, saying the month's cold temperatures and stormy weather hampered results.
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Reuters Group PLC said Thursday it expects sales to fall by around 1.5 percent in its first quarter, a much smaller decline than the 8.4 percent drop that the news and financial data provider saw in the January-March period last year.
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U.S. retail sales rose a sluggish  0.1 percent in February amid unusually cold weather and despite  firm auto sales, government data showed on Tuesday, raising  expectations of an interest rate cut later this year.
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Pier 1 Imports Inc. PIR.N on  Thursday said December sales at stores open at least year fell  8.8 percent, and the home furnishings retailer, struggling with  hefty competition, again cut its earnings outlook for the  fourth quarter.
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Children's Place Retail Stores Inc.  said on Monday that June same-store sales fell 4 percent, forcing the company to forecast a wider net loss for the current quarter than analysts had expected.
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- Home decor retailer Pier 1 Imports Inc.  on Thursday said its quarterly loss more than doubled amid tepid sales and expects to close more stores than previously planned as it strives to return to profitability.
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WASHINGTON -- Sales at the nation's retailers barely budged in February as bad winter weather kept already cautious shoppers away from the malls.