Fort Worth, Texas based home furnishing retailer, Pier 1 Imports Inc. said its most recent quarterly profit has almost halved. The retailer specializing in imported home furnishings and décor with main focus on furniture and decorative accessories issued a subdued guidance for the year. Though the company is struggle to maintain its sales figures but the quarterly results surpassed expectations. Shares dropped 2.6percent in after-hours trading. In the last one year the stock has lost 47percent till the close on Wednesday.