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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. It was publicly traded on the New York Stock Exchange under ticker PIR. [4]
Annual earnings were $280 million with over $800 million in revenue. By 2008 the company was operating at a loss, and rebuffed an 88.4 million dollar takeover bid by Pier 1 Imports. In 2012, Cost Plus was acquired by Bed Bath & Beyond. In 2014, Cost Plus World Market launched an online crowdsourcing-model marketplace, Craft by World Market.
Granted, it's a modest $0.04 per share, but it clearly was a sign of life from management, as were an optimistic fiscal-year guidance of $1.06 to $1.12 in earnings per share -- up 13% to 19% over ...
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Home goods retailer Pier 1 Imports said Tuesday it is seeking bankruptcy court approval to wind down its business entirely.
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