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Pier 1 Imports, Inc., is an online retailer and former Fort Worth, Texas -based retail chain specializing in imported home furnishings and decor, particularly furniture, table-top items, decorative accessories, and seasonal decor.
In 1962, with the help of the Tandy Corporation, Cost Plus Imports incorporated and opened franchised locations in California and Texas. The franchised stores would, by 1966, be renamed Pier 1 Imports, while Amthor's original chain retained the Cost Plus name.
Across the United States, a large number of local stores and store chains that started between the 1920s and 1950s have become defunct since the late 1960s, when many chains were either consolidated or liquidated. Some may have been lost due to mergers, while others were affected by a phenomenon of large store closings in the 2010s known as the retail apocalypse .
The popular home decor retailer has struggled to stay afloat after a less-than-ideal quarter and sinking stock.
It wasn't too long ago that Pier 1 Imports (NYS: PIR) looked like a wreck. In 2009, it was on the brink of bankruptcy. Many investors gave it up for dead.So it's been a pleasant surprise to hear ...
This page was last edited on 8 July 2022, at 01:28 (UTC).
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