May 20, 2007 |
* About 180,000 pieces of orange-and-red glassware, imported and distributed by Pier 1 Imports Inc., have been recalled because it can too easily crack or break. That poses the risk of cuts. The company has received 17 reports of unexpectedly broken or cracked glassware and one report of an injury. For more information, call (800) 245-4595 or visit www.pier1.com or www.cpsc.gov. * About 97,000 halogen table lamps, sold by Lowe's Cos., have been recalled because the lamps can short-circuit.
October 2, 2006 |
The chairman and chief executive of Pier 1 Imports Inc., Marvin Girouard, will retire from the unprofitable home-furnishing retailer and its board early next year, the company said. Girouard has been at Pier 1 for 32 years, the last seven in his current positions. He will retire Feb. 28. "I feel that it is time for me to leave in the course of a normal retirement and allow new leadership to emerge and flourish," he said in a statement released Saturday.
June 16, 2006 |
Pier 1 Imports Inc., the largest U.S. seller of imported home furnishings, said its first-quarter loss almost doubled after sales were hurt by competition from lower-priced retailers. The net loss for the period ended May 27 widened to $23.2 million, or 27 cents a share, from $12.5 million, or 14 cents, a year earlier. Sales declined 3.6% to $376.1 million, the Fort Worth-based company said. The company has been facing competition from retailers such as Target Corp. and Wal-Mart Stores Inc.
August 24, 2005 |
Home-furnishings retailer Pier 1 Imports Inc. warned of a bigger-than-expected loss in its fiscal second quarter because of falling sales. The store forecast a loss of 12 cents to 14 cents a share in the quarter ending Saturday, contrasted with a profit of 12 cents a year earlier. Earlier this month, it predicted a loss of 7 cents a share to a profit of 3 cents a share.
September 15, 2004 |
Pier 1 Imports Inc., the largest U.S. retailer of imported home furnishings, said fiscal second-quarter earnings fell 43% because of a decline in store traffic. Net income was $10.4 million, or 12 cents a share, compared with $18.4 million, or 20 cents, a year earlier. Sales rose 5.7% to $452.3 million, the Fort Worth-based company said. Same-store sales, a key measure of retail health, fell 3%. Profit was a penny more than the average analyst estimate of 11 cents. Pier 1 shares rose $1.
April 2, 2004 |
Pier 1 Imports Inc., the largest U.S. retailer of imported home furnishings and accessories, said fourth-quarter earnings fell 11% as higher employee and legal costs hurt margins. Net income dropped to $48.3 million, or 53 cents a share, from $54 million, or 57 cents, a year earlier, the Fort Worth-based company said. Sales rose 6.6% to $555.3 million as the company benefited from the opening of 120 stores.