pier 1 imports

Retail
Pier 1 Names Riesbeck CEO, Colaco President

Pier 1 Imports has named CFO Robert Riesbeck as its new CEO. He will also become a company director. At the same time, Pier 1 said that Donna Colaco, who had been evp/chief customer officer, has assumed the role of president.

Financials
Pier 1 Imports Under Pressure In Q2 As Comps Fall

Pier 1 Imports remained under pressure in the second quarter, with sales decreasing and a wider net loss, as the retailer looked to reset fall assortments and make progress on its 2020 action plan.

Retail
Pier 1 Imports Asserts Turnaround Plan Will Take Hold

Following media reports regarding Pier 1 Imports’ financial health and speculation that it may be heading toward bankruptcy— including an S&P Global ratings report that downgraded the company’s credit rating— the retailer released a statement, asserting that it is confident that its turnaround plans will take hold.

Retail
Pier 1 Imports Reorganizing Corporate Structure

Pier 1 Imports is undertaking what the company described as an “organizational redesign” of its corporate workforce to better align its operations with its long-term strategy and enable the company to improve agility, reduce costs and reinvest in building core competencies.

Retail
Pier 1 Faces Possible NYSE Delisting

Pier 1 Imports received notification from the New York Stock Exchange (NYSE) on January 11 that the company is no longer in compliance with NYSE continued listing criteria that require listed companies to maintain an average closing share price of at least $1 over a consecutive 30 trading-day period.

Financials
Pier 1 Stumbles Through Q2

Pier 1 Imports launched a new strategic plan in the second quarter but customers didn’t jump on board, as the retailer posted a deeper net loss and a comparable sales decline. 

Home Décor
RH Responds To Tariff Proposals

Responding to the latest round of tariff proposals, Restoration Hardware (RH) recently provided what it called clarification in response to inaccurate reports regarding the percentage of the company’s product sourced from China.

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