Fort Worth-Based Pier 1 Imports Files For Bankruptcy As 450 Stores CloseHome goods retailer Pier 1 Imports Inc. said Monday that it has filed for bankruptcy amid the closing of 450 stores.
Pier 1 Imports Closing Nearly Half Of Its StoresFort Worth-based Pier 1 Imports is closing nearly half its 942 stores as it struggles to draw consumers and compete online.
Former Kmart President To Lead Texas-Based Pier 1 ImportsA former president of retail chain Kmart has been named president and CEO of Pier 1 Imports. Fort Worth-based Pier 1 on Monday announced the appointment of Alasdair James.
Fort Worth Based Pier 1 Imports Recalling 276,000 Outdoor Swing ChairsPier 1 is recalling about 276,000 outdoor swing chairs and stands after reports from customers that they fell off them and were hurt.
Pier 1 Imports Misses Q2 ForecastsPier 1 Imports has reported net income of $9.2 million in its fiscal second quarter. The company said that it had a profit of 10 cents per share. The results missed expectations.
Pier 1 Imports Cuts Outlook Due To WeatherPier 1 Imports is reducing its fiscal fourth-quarter and full-year forecasts again, saying bad winter weather has caused customers to stay away from its stores.
Pier 1 Imports Sales DisappointSales at Pier 1 Imports stores open at least one year rose 1.3 percent for the five weeks ending January 4, but the figure dropped when accounting for a calendar shift.
Q2 Net Income Drops For Pier 1 ImportsPier 1 Imports' fiscal second-quarter profit dropped 32 percent, missing expectations and sending its shares sharply lower in premarket trading Thursday. The Fort Worth, Texas company cut its fiscal 2014 earnings forecast.
Pier 1 Imports Tops Q4 Revenue EstimatesPier 1 Imports' fiscal fourth-quarter revenue topped Wall Street's view but the home decor company provided a forecast for adjusted earnings that was slightly below analysts' estimates.
Revenue Up For Pier 1 Imports In DecemberPier 1 Imports revenue at stores open at least a year climbed 8.2 percent in December, driven by strong traffic and shoppers spending more per transaction.
Pier 1 Imports Reports Rising Q2 ProfitsMore people shopped at Pier 1 Imports and they spent more on average, driving the home decor company's fiscal second-quarter net income 58 percent higher.
Pier 1 Imports Q2 Results Top ExpectationsPier 1 Imports has forecast its fiscal second-quarter adjusted earnings and revenue at levels above Wall Street's expectations.
Pier 1 Imports Sees Q4 Profit More Than DoublePier 1 Imports also announced on Thursday that it will launch a Pier 1 To-You website, which allows customers to shop online, in late July.
Pier 1 Imports Tops Q4 Revenue ExpectationsPier 1 Imports reported fiscal fourth-quarter revenue that beat Wall Street's expectations, while revenue at stores open at least a year rose 10.3 percent.
Pier 1 Imports To Buy Back Up To $100 Million In SharesPier 1 Imports plans to buy back up to $100 million of its common stock. The company said it had about 109.6 million outstanding shares.