pier 1

Pier 1 Troubles Deepen In Q1

Tough times continue for Pier 1, as the company’s first quarter comparable sales declined 13.5% while its net loss deepened.

Pier 1 Board Initiates Reverse Stock Split

At Pier 1 Imports’ 2019 annual meeting of shareholders held on June 19, shareholders authorized a reverse stock split at a ratio of 1-for-5, 1-for-10 or 1-for-20, and a reduction in the number of authorized shares of common stock by a corresponding ratio.

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. 

Pier 1 Launches Strategic Plan After Weak Q4

After a distressing fourth quarter in which earnings and comparable sales fell significantly, Pier 1 Imports has formed a new strategic plan that will pressure financial results short term but lead to gains down the road, the company asserted.

Pier 1 Builds Momentum In Q4

For the fourth quarter ended February 25, one that helped the company finish the year on a high note, Pier 1 Imports posted net income of $26.6 million, or 33 cents per share, versus $18.7 million, or 23 cents per share, in the fiscal year-before period.

Pier 1 Appoints New CEO

After conducting an executive search, Pier 1 Imports’ board of directors has appointed former Kmart executive Alasdair James president and CEO effective May 1.

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