Content about Pier 1 Imports

September 18, 2014

Omnichannel investments are driving solid top line growth at Pier 1 Imports but having the opposite effect on profits as the company transitions to an integrated digital business model.

Omnichannel investments are driving solid top line growth at Pier 1 Imports but having the opposite effect on profits as the company transitions to an integrated digital business model.

September 18, 2014

Omnichannel investments are driving solid top line growth at Pier 1 Imports but having the opposite effect on profits as the company transitions to an integrated digital business model.

Omnichannel investments are driving solid top line growth at Pier 1 Imports but having the opposite effect on profits as the company transitions to an integrated digital business model.

June 19, 2014

Increasing strength in Pier 1 Imports’ e-commerce business translated into better-than-expected sales that fueled the company’s overall financial results for the first quarter.

Increasing strength in Pier 1 Imports’ e-commerce business translated into better-than-expected sales that fueled the company’s overall financial results for the first quarter.

Total sales for the quarter were $419.1 million, a 6.1% increase versus $394.9 million in the year-ago quarter. Comparable sales increased 6.3% during the quarter, driven by increases in total brand traffic, conversion and higher average ticket. E-commerce sales exceeded the company’s estimates, reaching 9% of sales for the quarter.

June 19, 2014

Increasing strength in Pier 1 Imports’ e-commerce business translated into better-than-expected sales that fueled the company’s overall financial results for the first quarter.

Increasing strength in Pier 1 Imports’ e-commerce business translated into better-than-expected sales that fueled the company’s overall financial results for the first quarter.

Total sales for the quarter were $419.1 million, a 6.1% increase versus $394.9 million in the year-ago quarter. Comparable sales increased 6.3% during the quarter, driven by increases in total brand traffic, conversion and higher average ticket. E-commerce sales exceeded the company’s estimates, reaching 9% of sales for the quarter.

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.

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.

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 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.

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.

June 20, 2013

Pier 1 Imports saw “significant” growth in sales and profit for the 15th consecutive quarter.

FORT WORTH, Texas — Pier 1 Imports saw “significant” growth in sales and profit for the 15th consecutive quarter.

April 11, 2013

Pier 1 Imports reported net income of $61.7 million, or 58 cents per share, for its fourth quarter. For the fourth quarter ended Feb. 25, 2012, the company reported net income of $115.2 million, or $1.04 per share.

FORT WORTH, Texas — Pier 1 Imports reported net income of $61.7 million, or 58 cents per share, for its fourth quarter. For the fourth quarter ended Feb. 25, 2012, the company reported net income of $115.2 million, or $1.04 per share.

December 19, 2012

Pier 1 Imports could be in for powerful home sales this holiday season as a result of its investments in its omni-channel strategy.

BURLINGTON, Mass. — Pier 1 Imports could be in for powerful home sales this holiday season as a result of its investments in its omni-channel strategy.

The company recently revamped its website as well as its mobile commerce site with help from Demandware, a leading provider of e-commerce solutions.

December 19, 2012

Pier 1 Imports could be in for powerful home sales this holiday season as a result of its investments in its omni-channel strategy.

BURLINGTON, Mass. — Pier 1 Imports could be in for powerful home sales this holiday season as a result of its investments in its omni-channel strategy.

The company recently revamped its website as well as its mobile commerce site with help from Demandware, a leading provider of e-commerce solutions.

December 13, 2012

Pier 1 Imports expressed renewed confidence in its three-year growth plan following the release of third quarter results that same store sales advance 7.9%.

FORT WORTH, Texas — Pier 1 Imports expressed renewed confidence in its three-year growth plan following the release of third quarter results that same store sales advance 7.9%.

December 13, 2012

Pier 1 Imports expressed renewed confidence in its three-year growth plan following the release of third quarter results that same store sales advance 7.9%.

FORT WORTH, Texas — Pier 1 Imports expressed renewed confidence in its three-year growth plan following the release of third quarter results that same store sales advance 7.9%.

September 13, 2012

Pier 1 Imports continues on a positive trajectory, reporting its 12th consecutive quarter of earnings and same-store sales growth.

FORT WORTH, Texas — Pier 1 Imports continues on a positive trajectory, reporting its 12th consecutive quarter of earnings and same-store sales growth.

For the second quarter, the company reported net income of $26.2 million, or 24 cents per share, compared with net income of $16.6 million, or 14 cents per share, for the same period last year.

September 13, 2012

Pier 1 Imports continues on a positive trajectory, reporting its 12th consecutive quarter of earnings and same-store sales growth.

FORT WORTH, Texas — Pier 1 Imports continues on a positive trajectory, reporting its 12th consecutive quarter of earnings and same-store sales growth.

For the second quarter, the company reported net income of $26.2 million, or 24 cents per share, compared with net income of $16.6 million, or 14 cents per share, for the same period last year.

August 30, 2012

Pier 1 Imports continued its comps momentum, reporting a 6.7% increase for its second quarter on top of last year's 10.8% gain. The company's three-year cumulative comparable-store sales increased 28.7%.

FORT WORTH, Texas — Pier 1 Imports continued its comps momentum, reporting a 6.7% increase for its second quarter on top of last year's 10.8% gain. The company's three-year cumulative comparable-store sales increased 28.7%.

August 30, 2012

Pier 1 Imports continued its comps momentum, reporting a 6.7% increase for its second quarter on top of last year's 10.8% gain. The company's three-year cumulative comparable-store sales increased 28.7%.

FORT WORTH, Texas — Pier 1 Imports continued its comps momentum, reporting a 6.7% increase for its second quarter on top of last year's 10.8% gain. The company's three-year cumulative comparable-store sales increased 28.7%.

June 14, 2012

With Pier 1 delivering yet another quarter of comps and earnings growth, it's easy to forget that the retailer was once struggling just to make a profit.

FORT WORTH, Texas — With Pier 1 delivering yet another quarter of comps and earnings growth, it's easy to forget that the retailer was once struggling just to make a profit. And much of the credit for Pier 1's turnaround lies with president and CEO Alex Smith. So, it is no surprise that the company has decided to offer Smith a three-year renewal and extension of his employment agreement.

June 14, 2012

With Pier 1 delivering yet another quarter of comps and earnings growth, it's easy to forget that the retailer was once struggling just to make a profit.

FORT WORTH, Texas — With Pier 1 delivering yet another quarter of comps and earnings growth, it's easy to forget that the retailer was once struggling just to make a profit. And much of the credit for Pier 1's turnaround lies with president and CEO Alex Smith. So, it is no surprise that the company has decided to offer Smith a three-year renewal and extension of his employment agreement.