Content about Pier 1 Imports

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.

May 31, 2012

Pier 1 Imports reported that sales for its first quarter ended May 26 increased 7.9% to $361 million from $335 million in the year-ago quarter. Comparable-store sales for the quarter were up 7.2%.

FORT WORTH, Texas — Pier 1 Imports reported that sales for its first quarter ended May 26 increased 7.9% to $361 million from $335 million in the year-ago quarter. Comparable-store sales for the quarter were up 7.2%.

For the first quarter, the company is expecting  earnings per share are expected to be approximately 16 cents versus last year’s first quarter earnings of 12 cents per share.

April 5, 2012

Bed Bath and Beyond may dominate the housewares retail space, but that isn't stopping companies like Pier 1 Imports from trying to take a bigger share.

FORT WORTH, Texas — Bed Bath and Beyond may dominate the housewares retail space, but that isn't stopping companies like Pier 1 Imports from trying to take a bigger share.  In that vein, Pier 1 announced a new three-year growth plan commencing in fiscal 2013, as well as updated financial goals. According to the company, the new board-approved plan is designed to drive profitable top and bottom-line growth, expand market share and increase shareholder value as the company evolves into a multi-channel retailer.

April 5, 2012

Bed Bath and Beyond may dominate the housewares retail space, but that isn't stopping companies like Pier 1 Imports from trying to take a bigger share.

FORT WORTH, Texas — Bed Bath and Beyond may dominate the housewares retail space, but that isn't stopping companies like Pier 1 Imports from trying to take a bigger share.  In that vein, Pier 1 announced a new three-year growth plan commencing in fiscal 2013, as well as updated financial goals. According to the company, the new board-approved plan is designed to drive profitable top and bottom-line growth, expand market share and increase shareholder value as the company evolves into a multi-channel retailer.

March 2, 2012

Pier 1 Imports is about about its first-quarter prospects after reporting surges in both comps and revenue.

FORT WORTH, Texas — Pier 1 Imports is about about its first-quarter prospects after reporting surges in both comps and revenue.

The company said that its total revenue for the fourth quarter, ended Feb. 25, increased a better-than-expected 11.8% to $477 million. Same-store sales rose 10.3%.

The chain said total revenue for the fiscal year ended Feb. 25 climbed 9.8% to $1.53 billion.

March 2, 2012

Pier 1 Imports is about about its first-quarter prospects after reporting surges in both comps and revenue.

FORT WORTH, Texas — Pier 1 Imports is about about its first-quarter prospects after reporting surges in both comps and revenue.

The company said that its total revenue for the fourth quarter, ended Feb. 25, increased a better-than-expected 11.8% to $477 million. Same-store sales rose 10.3%.

The chain said total revenue for the fiscal year ended Feb. 25 climbed 9.8% to $1.53 billion.

December 15, 2011

Pier 1 Imports continued its streak of strong same-store sales for the third quarter, reporting that same-store for the quarter ended Nov. 26 sales increased 7% versus last year’s increase of 10.2%.

FORT WORTH, Texas — Pier 1 Imports continued its streak of strong same-store sales for the third quarter, reporting that same-store for the quarter ended Nov. 26 sales increased 7% versus last year’s increase of 10.2%. Net income for the quarter was $23 million, or 21 cents per share, which included an income tax provision of $12.4 million.

December 1, 2011

Comps continue to improve at Pier 1 Imports, thanks to increased traffic and average ticket size.

FORT WORTH, Texas — Comps continue to improve at Pier 1 Imports, thanks to increased traffic and average ticket size. The company reported that comparable-store sales for the third quarter increased 7%. This was on top of a 10.2% comps increase in the prior-year period. Total sales for the quarter increased 8.2% to $383 million compared with $354 million in the year-ago quarter.

October 6, 2011

Pier 1 Imports announced that it has, through a subsidiary, signed a new, long-term private-label credit card agreement with Alliance Data , a provider of loyalty and marketing solutions derived from transaction-rich data.

FORT WORTH, Texas and DALLAS — Pier 1 Imports announced that it has, through a subsidiary, signed a new, long-term private-label credit card agreement with Alliance Data , a provider of loyalty and marketing solutions derived from transaction-rich data.

September 15, 2011

Pier 1 reported sales and earnings growth for its second quarter, leaving president and CEO, Alex Smith confident about the future of the company heading into the holiday season.

FORT WORTH, Texas — Pier 1 reported sales and earnings growth for its second quarter, leaving president and CEO, Alex Smith confident about the future of the company heading into the holiday season. 

September 1, 2011

Pier 1 Imports reported a 10.8% same-store sales increase for the second quarter ended Aug. 27, on top of an 11.2% comps increase for the same period last year, driven primarily by increases in traffic and average ticket.

FORT WORTH, Texas  — Pier 1 Imports reported a 10.8% same-store sales increase for the second quarter ended Aug. 27, on top of an 11.2% comps increase for the same period last year, driven primarily by increases in traffic and average ticket. Total sales for the quarter improved to $340 million compared to $310 million in the year-ago quarter. 

Pier 1 said it expects earnings per share for the quarter to be 14 cents.

June 16, 2011

Pier 1 Imports reported a comparable-store sales increase of 10.2% and net income of $14.1 million, or 12 cents per share, for the first quarter, as it continues to implement its three-year growth plan.

FORT WORTH, Texas — Pier 1 Imports reported a comparable-store sales increase of 10.2% and net income of $14.1 million, or 12 cents per share, for the first quarter, as it continues to implement its three-year growth plan. For the prior year first quarter, the company reported net income of $7.7 million, or 7 cents per share.

June 2, 2011

Pier 1 Imports reported that comparable-store sales for the first quarter ended May 28 increased 10.2% versus last year’s increase of 14.3%

FORT WORTH, Texas — Pier 1 Imports reported that comparable-store sales for the first quarter ended May 28 increased 10.2% versus last year’s increase of 14.3%. Total sales for the quarter improved to $335 million compared to $306 million in the year-ago quarter. 

The comparable store sales increases for the first quarter were driven by increases in traffic, conversion rate and average ticket, the company reported.

The company said it expects first-quarter earnings per share to be 11 cents to 12 cents.

April 8, 2011

After being left for dead four years ago, Pier 1 Imports has recuperated fully to the point where it recently embarked on a new three-year plan to restore growth to the company.

After being left for dead four years ago, Pier 1 Imports has recuperated fully to the point where it recently embarked on a new three-year plan to restore growth to the company.

Key elements of the plan call for the acceleration of e-commerce, improvements to existing stores, new store expansion and investments in infrastructure to support the enterprise and improve efficiency.

April 8, 2011

After being left for dead four years ago, Pier 1 Imports has recuperated fully to the point where it recently embarked on a new three-year plan to restore growth to the company.

After being left for dead four years ago, Pier 1 Imports has recuperated fully to the point where it recently embarked on a new three-year plan to restore growth to the company.

Key elements of the plan call for the acceleration of e-commerce, improvements to existing stores, new store expansion and investments in infrastructure to support the enterprise and improve efficiency.