Pier 1 (PIR) bankruptcy news is spreading following an official announcement from the company that it will be selling itself.
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Home goods retailer Pier 1 Imports Inc. (NYSE:PIR) has become the latest chain to announce that it is closing all of its stores in Canada. The company has announced that it is filing for Chapter 11 bankruptcy protection in the United States and …
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Struggling home furnishings retailer Pier 1 Imports, Inc. said it filed for Chapter 11 bankruptcy protection as it is initiating a sale process. The company is in discussions with multiple potential buyers.
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Pier 1 Imports Inc. - the once-trendy supplier of home goods like papasan chairs and throw pillows - filed for bankruptcy protection Monday after years of…
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Home goods retailer Pier 1 Imports Inc. announced Monday it is filing for Chapter 11 bankruptcy protection in the United States, a month after saying it would close all its stores in Canada.
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TORONTO - Home goods retailer Pier 1 Imports Inc. says it has filed for bankruptcy protection in the…
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Placer.ai is out with a warning on foot traffic for Pier 1 Imports (NYSE:PIR). The analytics firm reports November visits fell 31.4% Y/Y and December store
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Home decor and furniture retailer Pier 1 Imports Inc said on Monday that it planned to close up to almost half of its stores, cut jobs and warned about its ability to continue as a going concern in a tough retail environment.
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Pier 1 Imports (PIR) stores closing 2020 will leave loads of employees out of jobs as the company looks to shut down 450 locations.
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Home decor and furniture retailer Pier 1 Imports (file image) said on Monday it plans to close up to almost half of its stores. The company has also drafted a bankruptcy proposal.
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Home merchandise retailer Pier 1 Imports Inc.'s (NYSE: PIR ) shares plummeted on Monday as company reportedly nears bankruptcy. What Happened The Texas-based company on Monday reported net sales of $358.4 million in the third quarter. This is a 13.3% decline year-on-year. Pier 1 posted a quarterly net loss of $58.96 million, with a loss per share of $14.15. The company had reported a $12.15 loss per share in the similar quarter a year ago. Why It Matters The retailer also said that is shutting down 450 stores, certain distributing centers and laying off staff as it seeks … Full story available on Benzinga.com
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Home decor and furniture retailer Pier 1 Imports Inc said on Monday it plans to close up to almost half of its stores, cut jobs and warned about its ability to continue as a going concern in a tough retail environment.
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Pier 1 Imports plans to close up to 450 locations, nearly half of its 942 stores, officials announced Monday.
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Pier 1 Imports Inc. closed down 16.9% Monday, after the company reported widening losses and up to 450 store closures. The struggling retailer reported a…
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FORT WORTH, Texas--(BUSINESS WIRE)--Pier 1 Imports, Inc. (NYSE:PIR) today reported financial results for the third quarter ended November 30, 2019 and provided a business update. Third Quarter Fiscal 2020 Financial Summary Company comparable sales decreased 11.4% compared to the third quarter of fiscal 2019; the Company estimates that the shift of certain holiday selling days, which were included in last year’s fiscal third quarter, negatively impacted third quarter fiscal 2020 company comparab
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Shares of Pier 1 Imports Inc. rocketed 34% in afternoon trading Thursday, enough to pace all of the NYSE's gainers, on volume that was more than double the…
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Pier 1 Imports Inc. stock has been riding a roller coaster of ups and downs after the company announced a new chief executive and is on the road to regaining…
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FORT WORTH, Texas--(BUSINESS WIRE)--Pier 1 Imports, Inc. (NYSE:PIR) (“Pier 1” or the “Company”) today announced the appointment of Robert Riesbeck as Chief Executive Officer and as a director of the Company, effective as of the close of business today. Mr. Riesbeck will also continue to serve as Chief Financial Officer. As planned, Cheryl Bachelder, who has served as Interim Chief Executive Officer since December 2018, has stepped down from that role, also effective as of the close of business
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The home-goods retail sector is saturated with options — and some are better than others. Pier 1 Imports was once a leading player in the market, but it has since fallen behind other competitors like Target , Amazon , and TJ Maxx . We visited Pier 1 Imports and TJ Maxx to see which store is better for home-goods shopping. Despite its recent struggles, Pier 1 Imports was the clear winner. Visit Business Insider's homepage for more stories . Home-goods retailers are in a competitive market these days — and not every store is making the cut. Pier 1 Imports — once a top contender in the home goods and accessories category — has been losing value for nearly five years . The company's CEO, Cheryl Bachelder, announced in an earnings call in June it would close 57 stores by the end of its 2020 fiscal year t0 cut costs after weak quarterly earnings results. Read more: We shopped at Target and the struggling Pier 1 Imports to see which store is better at selling home goods — and there was a clear winner TJ Maxx, on the other hand, has become a go-to destination for shoppers who want a good bargain in general.
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Pier 1 Imports Inc. said it would close 12 stores more than indicated during its previous earnings report in April during fiscal 2020, for a total of 57…
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Pier 1 Imports reports a loss significantly wider than a year earlier on a sharp sales decrease, and it says it will close nearly 60 stores during the fiscal year….PIR
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Pier 1 Imports is increasing the number of stores expected to shutter this year. The Texas-based home goods retailer is looking to close 57 stores.
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Pier 1 Imports, Inc. (NYSE:PIR) Q1 2020 Earnings Conference Call June 26, 2019 5:00 P.M. ET Company Participants Christine Greany - Managing Director, The Blues
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