Pier 1 Imports

Pier 1 to Liquidate After 58 Years in Business
Credit & Capital

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."
By Matthew Heller | June 1, 2020
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Pier 1 Files Chapter 11, Plans Sale of Company
Credit & Capital

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.
By Matthew Heller | February 18, 2020
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Pier 1 Shares Plunge as Quarterly Loss Doubles
Financial Performance

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.
By Matthew Heller | September 26, 2019
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Pier 1 Appoints New CFO and President
People

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.
By Lauren Muskett | July 19, 2019
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Pier 1 Stock Plunges as Sales Slump Continues
Financial Performance

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.
By Matthew Heller | June 28, 2019
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Pier 1 Imports Hires Turnaround Expert as CFO
People

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."
By Matthew Heller | April 18, 2019
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Pier 1 Counters Hedge Fund With Poison Pill
Mergers & Acquisitions

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.
By Matthew Heller | September 28, 2016
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Pier 1 to Miss Earnings; CFO Replaced
Strategy

Pier 1 to Miss Earnings; CFO Replaced

“It is now clear that our call that the ‘worst was over’ for Pier 1 was premature,” wrote one equity analyst.
By Katie Kuehner-Hebert | February 12, 2015
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