Pier 1 Imports

Pier 1 Imports is a global importer of imported decorative home furnishings and gifts. As of March 2, 2013, the Company had 1,062 stores in the United States and Canada. During the fiscal year ended March 2, 2013 (fiscal 2013), the Company opened 22 new Pier 1 Imports stores and closed 12 stores. The Company operates regional distribution center facilities in or near Baltimore, Maryland; Columbus, Ohio; Fort Worth, Texas; Ontario, California; Savannah, Georgia, and Tacoma, Washington. The specialty retail operations of the Company consist of retail stores and e-Commerce operations conducting business under the name Pier 1 Imports, which sell a range of furniture, decorative home furnishings, dining and kitchen goods, candles, gifts and other specialty items for the home.

Pier 1 Imports is cleaning house. The home goods retailer filed for Chapter 11 bankruptcy protection on Monday, just weeks after it announced the closure of nearly half of its 942 stores.

Pier 1 Imports files for Chapter 11 bankruptcy

The announcement comes less than two months after the retailer said it would close 450 stores.

Pier 1 Is Officially For Sale After Filing For Chapter 11 Bankruptcy

The news should come as a surprise to absolutely no one who’s been paying attention to the shipwreck that the home furnishings chain has become

Who’ll Buy Pier 1 As It Files Bankruptcy And Puts Itself Up For Sale?

Retailer Pier 1 has filed for Chapter 11 bankruptcy protection, reports the Wall Street Journal.

Pier 1 files for Chapter 11 bankruptcy: Wall Street Journal

Pier 1 announced Monday that it began Chapter 11 bankruptcy proceedings in Virginia and that it is pursuing a sale of the company.

Pier 1 files for Ch. 11 bankruptcy as talks with potential buyers continue

Pier 1 is in awful shape. And there are few signs of improvement, which makes PIR stock one to avoid for now.

Pier 1 Stock Is … Quickly Falling Off a Pier

If you’re tempted by the discount in PIR stock, just stop. This name is cheap for a reason and it’s not going to get any better.

3 Reasons to Stay Far Away from Pier 1 Stock

Pier 1 is closing half its stores and trying to become an "omni-channel" retailer, but it's about 10 years too late. Sell PIR stock now.

Pier 1’s Struggles Mark the End of a Major Retailing Era

Pier 1 doesn't have what it takes to be a winner, and the company's results will continue to deteriorate, so investors should avoid PIR stock.
The post Traders Can Make Money on PIR Stock, but Investors Should Steer Clear appeared first on InvestorPlace.

Traders Can Make Money on PIR Stock, but Investors Should Steer Clear

PIR stock is dead in the water. Although its cost-cutting initiatives may keep it afloat for some time, the underlying retailer can’t avoid the inevitable.

Pier 1 Is the Next Retailer Heading Into Bankruptcy

Pier 1 is closing 450 stores in the U.S., and these two companies could land the extra sales.

Target and TJX Companies to Benefit From Pier 1's Closures

Although PIR stock is tumbling to the point of non-existence, investors shouldn’t dismiss this as poor management. Rather, Pier 1’s troubles could be a harbinger for more serious concerns.

Is PIR Stock the Canary in a Coal Mine?

For Pier 1, everything that could be going wrong, is going wrong, and that means it's time to stay away from PIR stock.
The post The Company is in Crisis Mode, So Avoid Pier 1 Stock appeared first on InvestorPlace.

The Company is in Crisis Mode, So Avoid Pier 1 Stock

TAG analyst Cristina Fernandez, according to CNBC, estimates that At Home (NYSE:HOME), Wayfair (NYSE:W), and TJX’s (NYSE:TJX) Home Goods’ business would experience a 100-basis-point gain in sales were Pier 1 to close all 942 of its stores. Target (NYSE:TGT) would also benefit but to a lesser extent.

Should You Buy Pier 1 When Bankruptcy Is on the Horizon?

Store closures by Pier 1 Imports could mean good news for other retailers that sell home furnishings and other knickknacks for the kitchen.

These retailers could be winners as Pier 1 shuts 50% of its stores

Bed Bath & Beyond

Costco

GrubHub

Kohl's

Lennar

 Luckin Coffee

Macy's

Constellation Brands

Costco is hitting it out of the park, but other retailers continue to struggle in a huge way.

Retail Stories, Happy and Sad

It's going to be another long year for the retail industry.

Retail Apocalypse Continues as Pier 1 Imports to Close Half of Its Stores

Creative references to non-selling merchandise won’t solve the bigger problems.

Pier 1 Continues to Struggle

Shares of the home-goods retailer fell again as fears of a bankruptcy continue to build.

Why Pier 1 Imports Stock Was Tumbling Today

Pier 1 Imports (PIR) stores closing 2020 will leave loads of employees out of jobs as the company looks to shut down 450 locations.
The post Pier 1 Imports Stores Closing 2020: 8 Things to Know appeared first on InvestorPlace.

Pier 1 Imports Stores Closing 2020: 8 Things to Know

After market close on Jan. 6, Pier 1 Imports Inc. (NYSE:PIR) reported the earnings results for its third quarter of fiscal 2020, which ended on Nov.

Don’t Make Me Carry Furniture: Pier 1 Imports on the Way to Bankruptcy After 3rd-Quarter Loss

Pier 1 Imports plans to close almost half its stores and slash corporate jobs as it grapples with growing losses and weighs bankruptcy. The Texas-based furniture retailer said it will shutter up to 450 of its 936 stores and some distribution centers “to better align its business with the current operating environment.

Pier 1 will close up to 450 stores, cut corporate jobs

Pier 1 Imports Inc. (NYSE: PIR) will close as many as 450 stores as it falls apart at the seams.

Pier 1 Will Close Over 400 Stores as Hopelessness in Industry Rises

Home merchandise retailer Pier 1 Imports Inc.'s (NYSE: PIR) shares plummeted on Monday as company reportedly nears bankruptcy.

Pier 1 Shares Plummet As Company Shuts Down 450 Stores, Sales Decline

The troubled home décor chain in announcing another losing quarter said it will close 450 stores amid reports that it will soon file bankruptcy

News for Pier 1 Imports Stock (PIR)