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Pier 1 Imports, Inc., is an online retailer and former Fort Worth, Texas -based retail chain specializing in imported home furnishings and decor, particularly furniture, table-top items, decorative accessories, and seasonal decor. It was publicly traded on the New York Stock Exchange under ticker PIR. [4]
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Margins matter. The more Pier 1 Imports (NYS: PIR) keeps of each buck it earns in revenue, the more money it has to invest in growth, fund new strategic plans, or (gasp!) distribute to shareholders.
The pandemic has driven many familiar companies into bankruptcy, but most are trying to stay afloat. Not so Pier 1, which announced in May that it would liquidate and close all 540 of its home ...
Pier 1's sales fell 13% to $358 million in its most recent quarter, which ended Nov. 30. It reported a net loss of $59 million for the quarter as it struggled to draw customers to its stores.
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Many investors gave it up for dead. So it's been a pleasant surprise to hear the company announce this week its first dividend. Granted, it's a modest $0.04 per share, but it clearly was a sign of ...