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Pier 1 Imports, Liberty Tree Mall, Danvers, Massachusetts (2012) 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 ...
Annual earnings were $280 million with over $800 million in revenue. By 2008 the company was operating at a loss, and rebuffed an 88.4 million dollar takeover bid by Pier 1 Imports. [9] In 2012, Cost Plus was acquired by Bed Bath & Beyond. [10] In 2014, Cost Plus World Market launched an online crowdsourcing-model marketplace, Craft by World ...
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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.
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.
Pier 1 Imports (PIR) announced that its first-quarter net income dropped to $7.7 million, or 7 cents a share, from $29.3 million, or 32 cents a share, in the year-ago period. But last year's ...
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