Content about Pier 1 Imports

April 8, 2011
Pier 1 Imports' Q4 comps increase 8.9%

Fort Worth, Texas-based Pier 1 Imports saw comparable-store sales increase 8.9% in the fourth quarter ended Feb. 26.

Fort Worth, Texas-based Pier 1 Imports saw comparable-store sales increase 8.9% in the fourth quarter ended Feb. 26. For the full year, comparable-store sales surged 10.9%, compared with an increase of 1.5% in the prior year.

CEO Alex Smith called 2010 "truly an exceptional year," as the retailer achieved annual operating income for the first time in six years. 

In the fourth quarter, Pier 1 reported net income of $57.1 million, compared with last year’s fourth quarter net income of $34.5 million. Total sales were $426.6 million, up 7.7%. 

April 8, 2011
Pier 1 Imports' Q4 comps increase 8.9%

Fort Worth, Texas-based Pier 1 Imports saw comparable-store sales increase 8.9% in the fourth quarter ended Feb. 26.

Fort Worth, Texas-based Pier 1 Imports saw comparable-store sales increase 8.9% in the fourth quarter ended Feb. 26. For the full year, comparable-store sales surged 10.9%, compared with an increase of 1.5% in the prior year.

CEO Alex Smith called 2010 "truly an exceptional year," as the retailer achieved annual operating income for the first time in six years. 

In the fourth quarter, Pier 1 reported net income of $57.1 million, compared with last year’s fourth quarter net income of $34.5 million. Total sales were $426.6 million, up 7.7%. 

December 16, 2010
At Pier 1 Imports, double-digit positive comps

Posting its fifth consecutive quarter in the black, Fort Worth, Texas-based Pier 1 Imports reported third-quarter sales of $353.8 million, up from $327.1 million in the same three months last year.

Comp-store sales for the quarter increased 10.2%.

"With sales and margins exceeding our expectations and the overall leveraging of expenses, we are reporting net income for our fifth consecutive quarter," said Alex W. Smith, president and CEO.

September 14, 2008
Pier 1 sees same-store sales down in the second quarter

Specifically, Pier 1 CEO Alex Smith said traffic was positive, but markdowns in garden accessories...

July 9, 2008
Pier 1 introduces green cleaning products

The Maison Belle line is non-toxic, biodegradable and uses recyclable packaging....

June 22, 2008
Pier 1 sees sales, earnings fall in the first quarter

Alex Smith, president and CEO of Pier 1, also said the company held back on...

June 22, 2008
Pier 1 sees sales, earnings fall in the first quarter

Alex Smith, president and CEO of Pier 1, also said the company held back on...

June 15, 2008
Pier 1 makes bid for Cost Plus

Pier 1 saw several quarters of losses, but swung back to profitability in the first...

June 15, 2008
Pier 1 makes bid for Cost Plus

Pier 1 saw several quarters of losses, but swung back to profitability in the first...

April 13, 2008
Pier 1 Imports in the black

Comparable-store sales rose 2.5 percent....

April 13, 2008
Pier 1 Imports in the black

Comparable-store sales rose 2.5 percent....

April 13, 2008
Specialty retailers present mixed bag for quarter

The news was both good and bad at some of the country’s largest specialty retailers...

March 30, 2008
Pier 1 Imports will sell headquarters

The company, which has been plagued with 16 consecutive quarters of financial losses, has maintained...

March 30, 2008
Pier 1 Imports will sell headquarters

The company, which has been plagued with 16 consecutive quarters of financial losses, has maintained...

March 9, 2008
Candleholders recalled at Pier 1

According to the Consumer Product Safety Commission, the candleholders can heat up and cause the...

March 9, 2008
Candleholders recalled at Pier 1

According to the Consumer Product Safety Commission, the candleholders can heat up and cause the...

December 19, 2007
Pier 1 narrows losses in third quarter

Sales fell 7 percent to $374.2 million compared with $402.7 million in the same period last year....

November 11, 2007
Restoration Hardware will go private

The specialty retailer, hurt by strong competition in the home decor market, will be purchased...

September 23, 2007
Home Decor Chains Seek Better Days

It hasn’t been an easy year in the mid-to high-end home decor market....

September 23, 2007
Home Decor Chains Seek Better Days

It hasn’t been an easy year in the mid-to high-end home decor market....

September 20, 2007
Pier 1 narrows losses

The specialty retailer recorded $40.38 million in losses and a 3.6 percent decline in same-store sales....

September 20, 2007
Pier 1 narrows losses

The specialty retailer recorded $40.38 million in losses and a 3.6 percent decline in same-store sales....

August 13, 2007
Pier 1 seeking replacement for top marketing exec

The company terminated Phil Schneider, formerly executive vp-marketing, earlier this month, according to a filing....

August 6, 2007
Pier 1 names new executive vp-store operations

Sharon Leite formerly served as vp-sales and associate marketing at Bath & Body Works in...

August 6, 2007
Pier 1 names new executive vp-store operations

Sharon Leite formerly served as vp-sales and associate marketing at Bath & Body Works in...