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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]
Pier 1 Imports® Powers Omni-Channel Commerce Operations with Demandware Leading specialty retailer introduces a unified shopping experience across web, mobile and store with the Demandware ...
Pier 1 has been trying to declutter its stores, improve online sales and draw in younger customers. Last month, Pier 1 announced it would close 450 stores, including all of its stores in Canada.
Annual earnings were $280 million with over $800 million in revenue. By 2008 the company was operating at a loss, and rebuffed an 88.4 million dollar takeover bid by Pier 1 Imports. In 2012, Cost Plus was acquired by Bed Bath & Beyond. In 2014, Cost Plus World Market launched an online crowdsourcing-model marketplace, Craft by World Market.
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.
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