| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
4 |
| Employees |
22,000 |
| Revenues (TTM) (Millions $) |
1,390 |
| Net Income (TTM) (Millions $) |
-310 |
| Cash Flow (TTM) (Millions $) |
0 |
| Capital Exp. (TTM) (Millions $) |
15 |
Business Description
Pier 1 Imports Inc. was a publicly traded American retail company that specialized in imported home furnishings and decor. It was founded in 1962 in California by Charles Tandy, and went on to become a major player in the home goods market, with over 1,000 stores in North America by the mid-2000s.
Over the years, Pier 1 Imports offered a wide range of merchandise including furniture, rugs, curtains, bedding, decorative items, and accessories such as lamps, vases, and candles. Much of its merchandise was sourced from countries like India, China, and Thailand, and was known for its rich colors, intricate patterns, and unique designs.
Pier 1 Imports positioned itself as a one-stop-shop for home goods and decor, offering an eclectic mix of styles and designs to suit a wide range of tastes and preferences. The company's marketing campaigns focused on creating a sense of adventure and discovery in its stores, with colorful displays, music, and even scents to transport customers to exotic locations around the world.
However, in recent years, the company faced increasing competition from online retailers and other brick-and-mortar chains, as well as a decline in foot traffic to physical stores. In 2020, Pier 1 Imports filed for bankruptcy and announced that it would close all of its stores and cease operations.
Despite its ultimate downfall, Pier 1 Imports left a lasting mark on the retail industry with its unique product offerings, memorable branding, and commitment to bringing customers the world's best home goods and decor.
Company Address: 100 Pier 1 Place Fort Worth 76102 TX
Company Phone Number: 252-8000 Stock Exchange / Ticker: NYSE PIR
|
%