WASHINGTON (dpa-AFX) - After gapping open sharply lower, shares of Pier 1 Imports (PIR) continue to see notable weakness in afternoon trading on Thursday. Pier 1 is currently down by 9.3 percent after hitting its lowest intraday level in a month.
The initial sell-off by Pier 1 came after the home furnishings retailer reported a narrower than expected second quarter loss but provided disappointing guidance.
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