Pier 1 Imports, Inc. (PIR)
|Net Income (ttm)||n/a|
|Trading Day||Feb 18, 2020|
|Day's Range||3.56 - 3.56|
|52-Week Range||3.00 - 31.00|
In 2019, Pier 1 was facing competition from every angle and doing what it could to stem the losses. While overall sales grew from nearly $517 million in 1990 to more than $1.5 billion in 2019,...
Pier 1 stores were known for their "treasure hunt" atmosphere and renowned for their colorful home furnishings and distinctive holiday decorations. But times have changed and Pier 1's unique b...
Bankrupt Pier 1 Imports is winding down its brick-and-mortar operation, but its brand name will survive online.
Two entrepreneurs who see a golden investing opportunity in the current retail distress have acquired the rights to the Pier 1 Imports brand.
A number of retailers were already teetering on the brink of collapsing prior to the coronavirus pandemic slamming the industry.
Pier 1 Imports isn’t dead — it’s just heading to the web. The bankrupt home goods retailer — which revealed in May it was closing all of its 540 stores nationwide after 58 years in business — ...
The fashion world has multiple issues but the single biggest problem is the inability to access credit markets. As business liquidity continues to shrink, the lines outside bankruptcy court ge...
Reality is finally settling in on Wall Street Thursday. Stocks took a nasty tumble because of growing concerns about a second wave of Covid-19 cases. But the broader market is still up sharply...
Pier 1 is officially closing up shop after receiving approval from a bankruptcy court to cease and liquidate its retail operations.
The coronavirus is crushing bankrupt retailers' hopes for a rebound – and threatening even more jobs
Home goods retailer Pier 1 this week announced plans to liquidate its business after failing to find a buyer. Modell's announced plans to shutter its business in March.
The home goods retailer is giving up the ghost, entering a liquidation process as soon as bankruptcy courts and coronavirus orders will allow.
The bankrupt home décor retailer told the court it was winding down its business, unable to find a buyer or a way to remain open
The final nail is being driven in Pier 1's wicker casket: It's on the verge of completely shutting down three months after it filed for bankruptcy.
Pier 1 Imports is calling it quits. The bankrupt home-goods retailer has asked a court for permission to liquidate its remaining 540 stores once they reopen, ending a 58-year legacy of selling...
Home goods retailer Pier 1 Imports said Tuesday it is seeking bankruptcy court approval to wind down its business entirely after it was not able to find a buyer due to the coronavirus pandemic.
Pier 1 Imports Inc. PIRRQ, -2.09% said Tuesday it is seeking bankruptcy court approval to start an orderly wind-down of its business operations as soon as possible given current COVID-19 store...
Bankrupt home-furnishings chain Pier 1 Imports has canceled plans to auction off its stores and other assets this week, according to court documents. The Fort Worth, Texas-based retailer pulle...
Shoppers are avoiding malls, and may have no need for certain items until the pandemic passes.
Pier 1 (PIR) bankruptcy news is spreading following an official announcement from the company that it will be selling itself. The post Pier 1 Bankruptcy: 9 Things for PIR Stock Investors to K...
At the end of November 2019, Pier 1 Imports Inc. (NYSE: PIR) operated 942 stores in the United States and Canada.
Pier 1, the troubled home furnishings retailer that has closed hundreds of stores in recent years, filed for bankruptcy Monday.
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.
The announcement comes less than two months after the retailer said it would close 450 stores.
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
Retailer Pier 1 has filed for Chapter 11 bankruptcy protection, reports the 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 is in awful shape. And there are few signs of improvement, which makes PIR stock one to avoid for now.
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.
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 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, bu...
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 closing 450 stores in the U.S., and these two companies could land the extra sales.
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.
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 ...
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 sa...
Store closures by Pier 1 Imports could mean good news for other retailers that sell home furnishings and other knickknacks for the kitchen.
Costco is hitting it out of the park, but other retailers continue to struggle in a huge way.
It's going to be another long year for the retail industry.
Creative references to non-selling merchandise won’t solve the bigger problems.
Shares of the home-goods retailer fell again as fears of a bankruptcy continue to build.
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 Kn...
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.
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 ...
Pier 1 Imports Inc. (NYSE: PIR) will close as many as 450 stores as it falls apart at the seams.
Home merchandise retailer Pier 1 Imports Inc.'s (NYSE: PIR) shares plummeted on Monday as company reportedly nears bankruptcy.
The troubled home décor chain in announcing another losing quarter said it will close 450 stores amid reports that it will soon file bankruptcy
Pier 1 Imports is reportedly about to announce it is filing for bankruptcy.
Home decor and furniture retailer Pier 1 Imports Inc said on Monday it plans to close up to 450 stores, cut jobs and warned about its ability to continue as a going concern.
Pier 1 Imports Inc. PIR, -16.93% closed down 16.9% Monday, after the company reported widening losses and up to 450 store closures.
Shares of Pier 1 Imports PIR, -16.93% took an afternoon dive Monday, plummeting as much as 30% intraday before paring losses to shed 17%, amid growing concerns over store closures.
Pier 1 Imports engages in the retail sale of decorative accessories, furniture, candles, housewares, gifts, and seasonal products. It offers decorative accents and textiles, such as rugs, wall decorations and mirrors, pillows, bedding, lamps, vases, dried and artificial flowers, baskets, ceramics, dinnerware, candles, fragrances, gifts, and seasonal items; and furniture and furniture cushions that are used in living, dining, office, kitchen and bedroom areas, sunrooms, and patios. As of January 6, 2020, the company operated 942 stores. It also ... [Read more...]
Robert James Riesbeck
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