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The pandemic has driven many familiar companies into bankruptcy, but most are trying to stay afloat. Not so Pier 1, which announced in May that it would liquidate and close all 540 of its home ...
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]
Home goods chain Pier 1 Imports saw shares tumble into the double-digits as the late reporter delivered less-than-rosy sales figures for the recently ended quarter, along with same-store sales ...
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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.
Margins matter. The more Pier 1 Imports (NYS: PIR) keeps of each buck it earns in revenue, the more money it has to invest in growth, fund new strategic plans, or (gasp!) distribute to shareholders.
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