Pier 1 sees same-store sales down in the second quarter
Pier 1 Imports, the Ft. Worth, Texas-based home decor retailer in the midst of a turnaround, has reported its second-quarter same-store sales fell 1.7 percent.
The company, which has not yet released full second-quarter results, said margins were hurt by more sales activity during the period.
Specifically, Pier 1 CEO Alex Smith said traffic was positive, but markdowns in garden accessories and outdoor furniture hurt the company’s overall performance.
Pier 1 will release its full quarterly results on Sept. 18.
Indiana True Value store marks 50 years
The staff at Goecker Building Supply and True Value in Seymour, Ind., recently celebrated its 50th Anniversary in the hardware business. Family-owned and operated, the business was started in 1958 by Earl Goecker as a contracting company. Goecker’s son-in-law, Max Roeder, joined the business in 1970, adding a small retail selling space before opening a 10,000-square-foot hardware store in 1976.
Last year the store grew by 5,000 square feet to make room for a Just Ask Rental, which is managed by Roeder’s son, Brett. The family owns a second store 15 miles east of Seymour in North Vernon, Ind.
Seymour, Ind., is the birthplace of recording artist John Mellencamp and the subject of his hit song, “Small Town,” Max Roeder said.
“We’re just an independent lumberyard that’s become a fixture here,” he said. “If it weren’t for the loyal customer base, we couldn’t compete against the Home Depots and Lowe’s and 84s that have opened around here.”
Marvin’s makes merchandising promotion
Marvin’s, a 25-unit home center chain based in Alabama, has promoted Craig Cowart to the position of senior vp-merchandising and marketing.
Cowart most recently held the post of vp-merchandising and marketing. He rejoined the company in 1999 as a buyer and has held positions of increasing responsibility including general merchandise manager.
He is responsible for the merchandising, vendor programs, branding and marketing for the company’s home centers in Alabama, Mississippi and Florida.
“Craig is a well respected leader both in our company and in our industry, with over 17 years of retail experience. He has been a key leader in the development and implementation of Marvin’s new strategy and growth,” said Boyden Moore, Marvin’s president and CEO, in a statement.