February 18, 1998
* Thomas Walters, president of Morton's Restaurant Group Inc.'s Morton's of Chicago steakhouse division, was named president and chief operating officer of Solana Beach-based Chart House Enterprises Inc. * Redwood Shores-based Network Computer Inc., jointly owned by Oracle Corp. and Netscape Communications Corp., said it named David Roux president and chief executive, replacing Jerry Baker, who resigned. * Oakland-based Cost Plus Inc. named President Murray H.
July 10, 2008 |
Pier 1 Imports Inc., the biggest U.S. retailer of imported furniture, will close 20 to 25 stores before the end of the year to cut costs. The company also will eliminate excess distribution center space, it said in a regulatory filing. Costs from closing stores and terminating leases will be as much as $8 million. Fort Worth-based Pier 1 withdrew an offer last month to buy Cost Plus Inc., saying the price would be too high, and instead decided to focus on its own turnaround. The company has already closed 79 stores and sold its headquarters.