Content about Alex W. Smith

April 10, 2014

Pier 1 Imports president and CEO Alex W. Smith described fiscal 2014 as a transformational year for the company, emphasizing the company’s continued focus on its ‘1 Pier 1’ strategy, which has evolved its operating model from a broad portfolio of stores to a true omnichannel retail business.

Pier 1 Imports president and CEO Alex W. Smith described fiscal 2014 as a transformational year for the company, emphasizing the company’s continued focus on its ‘1 Pier 1’ strategy, which has evolved its operating model from a broad portfolio of stores to a true omnichannel retail business.

But the company had a difficult fourth quarter marked what it described as an unusually high number of snowstorms, which impacted approximately two-thirds of its selling days in many of its key markets.

February 28, 2014

Adverse weather in many of Pier 1 Imports’ major markets has continued to plague the home furnishings retailer, prompting president and CEO Alex W. Smith to update fourth-quarter and full-year expectations.

Adverse weather in many of Pier 1 Imports’ major markets has continued to plague the home furnishings retailer, prompting president and CEO Alex W. Smith to update fourth-quarter and full-year expectations.

The severe winter has resulted in considerably softer store traffic and has even forced the retailer to close some stores temporarily, further pressuring fourth quarter sales and merchandise margin.

January 9, 2014

Pier 1 president and CEO Alex W. Smith expressed extreme disappointment over the company’s December sales results, which came in well below expectations despite having kicked off the holiday selling season with a record post-Thanksgiving weekend.

Pier 1 president and CEO Alex W. Smith expressed extreme disappointment over the company’s December sales results, which came in well below expectations despite having kicked off the holiday selling season with a record post-Thanksgiving weekend.

September 23, 2013

Pier 1 Imports is wasting no time addressing its misguided marketing strategy, which CEO Alex W. Smith identified as one of the causes for the retailer’s poor earnings for the second quarter ended Aug. 31. To that end, the company has named Eric Hunter as EVP of marketing.

Pier 1 Imports is wasting no time addressing its misguided marketing strategy, which CEO Alex W. Smith identified as one of the causes for the retailer’s poor earnings for the second quarter ended Aug. 31. To that end, the company has named Eric Hunter as EVP of marketing. 

Hunter will be responsible for Pier 1 Imports’ brand image and integrated marketing efforts.

September 19, 2013

Pier 1 Imports president and CEO Alex W. Smith identified misguided marketing and store assortments as the primary causes for the retailer’s poor earnings and performance for the second quarter ended Aug. 31.

Pier 1 Imports president and CEO Alex W. Smith identified misguided marketing and store assortments as the primary causes for the retailer’s poor earnings and performance for the second quarter ended Aug. 31. 

The retailer substantially missed expectations with a 32% decline in net income for the second quarter of fiscal 2014 compared to the same period last year. Net income totaled $17.8 million in the most recent fiscal quarter, down from $26.2 million.