Alex Smith

Financials
Pier 1 Rebounds In Q3, Appoints Interim CEO

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.

Financials
Amid Turmoil, Pier 1 Posts Q2 Loss

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.

Retail
Alden Global Capital Takes Stake In Pier 1 Imports

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.

Featured News
Pier 1 Imports CEO To Step Down

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.