Pier 1 Imports Inc., (PIR: chart), announced that an accelerated program of store closures as well as corporate office restructuring led to charges of up to $9.8 million. Pier 1 also added it plans to reclassify its consolidated statements of cash flows for the years ending Feb. 26, 2005 and Feb. 28, 2004 to properly reflect the exchange of credit-card receivables for interests in securitized receivables.

RPM International Inc, (RPM: chart), holding company for subsidiaries in specialty coatings, reported that its Q3 loss was narrower than the year-ago period on 19% higher sales. The loss came to 2 cents a share, from 4 cents in the year-ago period. If not for $15 million in pre-tax reserve charges for asbestos liability in both periods, RPM earned 6 cents against 4 cents, beating on that basis analyst estimate of a nickel a share.

American Greetings Corp, (AM: chart), seasonal greeting cards producer, reported Q4 profit of 58 cents a share, up from 28 cents a share a year-ago boosted by a lower tax rate, even as it spent money to improve its greeting card business. A share repurchase also boosted per-share earnings.

Bebe Stores Inc, (BEBE: chart), women\''s apparel retailer, reported same-store sales in Q3 advanced 4.1% compared with the same period a year ago, beating analyst expectation of 1.5%. The company added that total sales climbed 12.3% and same-store sales for Q3 advanced 4.7%. Total sales for Q3 gained 13.2%.

Dress Barn Inc, (DBRN: chart), specialty apparel retailer, reported that same-store sales in March advanced 2% from the same time the previous year, missing analyst estimate of a rise of 3%. The company added that total sales for the period ended April 1 rose 5%.

Wal-Mart Stores Inc., (WMT: chart), retailer, reported that same-store advanced 1.4%, beating analyst estimate of 1.2%. Wal-Mart had forecast a same-store sales increase of 1.3%. Total company sales for the five weeks ended March 31 advanced 9.4% to $30.62 billion.