Content about Pier 1 Imports Inc.

April 5, 2012
Pier 1 Q4 profit jumps; three-year growth plan includes store upgrades and tech investments

Pier 1 Imports Inc. said that its fiscal fourth-quarter profit more than doubled on increased store traffic and a one-time tax benefit that boosted its bottom line.

Fort Worth, Texas -- Pier 1 Imports Inc. on Thursday said that its fiscal fourth-quarter profit more than doubled on increased store traffic and a one-time tax benefit that boosted its bottom line. The chain also announced a new three-year growth plan that includes store updates and investments in technology.

March 2, 2012
Pier 1 Q4 revenue tops expectations

Pier 1 Imports Inc. said that its total revenue for the fourth quarter, ended Feb. 25, increased a better-than-expected 11.8% to $477 million.

Fort Worth, Texas -- Pier 1 Imports Inc. said that its total revenue for the fourth quarter, ended Feb. 25, increased a better-than-expected 11.8% to $477 million. Same-store sales rose 10.3%.

The chain said total revenue for the fiscal year ended Feb. 25 climbed 9.8% to $1.53 billion.

The home décor retailer is upbeat about its first-quarter prospects.

January 5, 2012
Sales increase 11.3% in December at Pier I Imports

Pier 1 Imports Inc. said its same-store sales climbed 11.3% in December, driven by a greater number of shoppers who spent more on each visit.

Fort Worth, Texas -- Pier 1 Imports Inc. said Thursday its same-store sales climbed 11.3% in December, driven by a greater number of shoppers who spent more on each visit. The gain topped the 10.3% rise in the same month a year ago.

The chain said sales remained strong throughout the month, including the week after Christmas, in every region.

December 15, 2011
Pier 1 Q3 profit up, beats Street

Pier 1 Imports Inc.'s third-quarter profit climbed 10% to $23 million from $21 million a year earlier, better than analysts expected.

Fort Worth, Texas -- Pier 1 Imports Inc.'s third-quarter profit climbed 10% to $23 million from $21 million a year earlier, better than analysts expected. 

Revenue increased 8% to $382.7 million from $353.8 million, boosted by a higher average ticket and more traffic.  Same-store sales were up 7%. 

The retailer also said Thursday that its sales so far in December are strong and that it expected the momentum to continue until Christmas. 

June 15, 2008
Cost Plus Rejects Pier 1 Takeover Proposal

Cost Plus said Monday its board of directors unanimously rejected an $88 million takeover bid...

September 19, 2007
Pier 1 2Q Loss Narrows

Fort Worth, Texas, ...