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Pier 1 Imports. Pier 1 Imports, Inc., is an online retailer and former Fort Worth, Texas -based retail chain specializing in imported home furnishings and decor, particularly furniture, table-top items, decorative accessories, and seasonal decor. It was publicly traded on the New York Stock Exchange under ticker PIR. [4]
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Pier 1 measured 840 by 120 feet (256 by 37 m), and had a warehouse measuring 840 by 100 feet (256 by 30 m), with a cargo capacity of 20,000 tons. Twenty (20) railway cars could be loaded on the racks that were on the pier, which was equipped with adjustable slips. In 1917, Pier 1 was equipped with then-modern waiting rooms and offices.
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On September 22, 2015, the sale of 25 A&P stores to Stop & Shop and 70 A&P stores to competitor Acme Markets was approved by a judge in federal bankruptcy court. Most of the stores purchased by Stop & Shop and Acme had been operating under the Pathmark or Waldbaum's banners (A&P had acquired Waldbaum's in 1986 and had bought Pathmark in 2007).
Pier 1's sales fell 13% to $358 million in its most recent quarter, which ended Nov. 30. It reported a net loss of $59 million for the quarter as it struggled to draw customers to its stores.
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