Pier 1 Imports
Pier 1 to Liquidate After 58 Years in Business
"This is not the outcome we hoped for when we began [the Chapter 11] process, and we are deeply saddened to move forward with winding down Pier 1."
Pier 1 Files Chapter 11, Plans Sale of Company
The filing is "intended to provide Pier 1 with additional time and financial flexibility" as it looks for a buyer.
Pier 1 Shares Plunge as Quarterly Loss Doubles
The struggling retailer is expecting same-store sales and gross margin to start improving in the fourth quarter.
Pier 1 Appoints New CFO and President
The retailer announced a number of management changes following a stock split as it seeks to retain its listing on the NYSE.
Pier 1 Stock Plunges as Sales Slump Continues
The retailer is also closing a dozen more stores and could eventually "close up to 15% of our portfolio” of 967 stores.
Pier 1 Imports Hires Turnaround Expert as CFO
Deborah Rieger-Paganis says she is "committed to instilling financial discipline across the organization as we work to drive a successful turnaround."
CFOs on the Move: Week Ending Oct. 6
Eli Lilly, Mattel, Georgia Power, Pier 1 Imports, Bravo Brio Restaurant Group, Purchasing Power,, White Energy
CFOs on the Move: Week Ending Aug. 18
Norfolk Southern, SpartanNash, Lucktastic, Diamond Resorts, Financial Engines, NeoPhotonics, Redwood Trust, Pier 1 Imports, Sanmina, Brown Jordan
Pier 1 Counters Hedge Fund With Poison Pill
The retailer follows Alden Global's purchase of a 9.5% stake with a plan to protect shareholders from “coercive or unfair” tactics.
CFOs to Watch
Chief financial officers are more prominent than ever in Corporate America. We profile 20 CFOs worth keeping an eye on.
CFOs on the Move: Week Ending July 3
Pier 1 Imports, Peabody Energy, W.P. Carey, Mead Johnston Nutrition, Tiptree Financial, Vince Holding, Cosmopolitan of Las Vegas, Graco, Zoe's Kitchen