Tag Archives: Alex Smith

Pier 1 Q2 Net Nearly Halved

Pier 1

FORT WORTH, Texas-Second-quarter net income for Pier 1 Imports fell 48.6 percent to $9.2 million, as increased expenses trumped a gain in sales. Selling, general and administrative expenses in the quarter, which ended on Aug. 30, jumped 10 percent in dollars and 120 basis points as a percentage of sales, to 32.2 percent. Gross marginMore »

Last updated: September 18, 2014

Pier 1 Net Slides for Q4, FY

Report: Pier 1 Imports to Sell Online

FORT WORTH, Texas-A weak fourth-quarter performance led to significant cuts in Pier 1 Imports’ bottom line for both the quarter and the fiscal year. Net income in the quarter fell 31 percent to $42.6 million, bringing net income for the fiscal year ending on March 1 to $107.5 million, down 16.9 percent. Net sales inMore »

Last updated: April 10, 2014

Pier 1 Tabs Hunter to Head Marketing Efforts

Eric Hunter

FORT WORTH, Texas-Former J.C. Penney executive Eric Hunter has been named executive vice president of marketing for Pier 1 Imports. Hunter has assumed responsibility for the retailer’s integrated marketing efforts and for enhancing its brand image. Before joining the company, he was senior vice president of marketing and acting chief marketing officer for J.C. Penney,More »

Last updated: September 24, 2013

Pier 1 Net Falls 32 Percent in Q2

Pier 1

FORT WORTH, Texas-A long run of quarterly profit gains came to an end for Pier 1 Imports, which reported a second-quarter drop of 32 percent in net income to $17.8 million. The home specialty retailer posted 7.6 percent gain in sales, to $395.6 million, in the quarter which ended on Aug. 31. Same-store sales roseMore »

Last updated: September 19, 2013