As the economy enjoyed a post-election bounce, Pier 1 Imports reported earnings and comparable sales gains, and the company announced who would serve as interim president and CEO when its serving chief executive departs on December 31.
Under pressure to improve performance, Pier 1 Imports has updated its third quarter fiscal 2017 financial guidance to reflect recent business trends it presented in generally positive terms.
With a CEO search underway and a hedge fund recently taking a stake in the company, departing Pier 1 Imports chief executive officer Alex Smith had to report a second quarter constrained by soft store traffic.
In a filing with the United States Securities and Exchange Commission, Alden Global Capital revealed that it has purchased 7.9 million shares of Pier 1 Imports stock, taking a 9.5% stake in the company, and expressed a desire to become involved in directing the retailer’s business.
As it released preliminary second quarter financial results, which included an anticipated loss, Pier 1 Imports has reached an agreement with president and CEO Alex Smith that will result in his leaving the company effective December 31.
For its third quarter ended November 28, Pier 1 Imports posted net income of $10.9 million, or 13 cents per…
For the second quarter ended August 29, Pier 1 Imports posted net income of $3.2 million, or four cents per…
Pier 1 Imports has reported that Jeffrey Boyer will become its evp and CFO, effective July 27. His responsibilities will…
For the first quarter ended May 30, Pier 1 Imports posted net income of $6.9 million, or eight cents per…
For the fourth quarter ended February 28, one that president and CEO Alex Smith said marks the start of a…
A holdover from a previous regime, svp and CFO Charles Turner, has retired from Pier 1 Imports, Inc., the retailer…
Pier 1 Imports has reported that the company’s comparable sales for the five-week period ended January 3, 2015 increased 8.2%…
For the third quarter ended November 29, Pier 1 Imports, Inc. posted net income of $17.9 million, or 20 cents…
Pier 1 Imports, Inc. attributed its Q4 net profit decline, in part to extreme weather conditions across the U.S., as…