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pier 1 imports inc (PIR) Details

Pier 1 Imports, Inc. 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 March 2, 2019, the Company operated 973 stores in the United States and 75 stores in Canada. It also operates e-Commerce Website, pier1.com. The company was founded in 1962 and is headquartered in Fort Worth, Texas.

4,000 Employees
Last Reported Date: 04/29/19
Founded in 1962

pier 1 imports inc (PIR) Top Compensated Officers

Interim CEO & Director
Total Annual Compensation: $1.6M
Executive Vice President of Store Sales & Ope...
Total Annual Compensation: $1.3M
Executive Vice President of Global Supply Cha...
Total Annual Compensation: $1.0M
Principal Accounting Officer & Interim Princi...
Total Annual Compensation: $804.4K
Executive VP, Chief Legal & Compliance Office...
Total Annual Compensation: $530.1K
Compensation as of Fiscal Year 2019.
pier 1 imports inc
Pier 1 Imports, Inc. Announces Departure of Nancy A. Walsh as Executive Vice President and Chief Financial Officer and Principal Financial Officer

On April 17, 2019, Pier 1 Imports, Inc. filed a Current Report on Form 8-K reporting that Nancy A. Walsh, who had been serving as the Company’s Executive Vice President and Chief Financial Officer and Principal Financial Officer, left the Company effective April 17, 2019. On May 10, 2019, as required by the Executive Severance Agreement entered into between the Company and Ms. Walsh, dated January 25, 2018, Ms. Walsh executed a general release and waiver of claims, which release will become effective by its terms on May 18, 2019, if not revoked by Ms. Walsh within the seven-day period following her execution of the release.

Pier 1 Imports, Inc. Proposes Amendment to its Restated Certificate of Incorporation

Pier 1 Imports, Inc. proposed amendment to the company’s Restated Certificate of Incorporation to effect a reverse stock split of Pier 1 Imports common stock and a corresponding reduction in authorized shares, in the discretion of the board of directors, at any time prior to the 2020 annual meeting of shareholders to its AGM to be held on June 19, 2019.

Pier 1 Imports, Inc. Plans to Close About 45 Stores in 2020

Pier 1 Imports Inc. (PIR) announced that it is considering closing up to 45 locations in fiscal 2020 as leases expire. The store closure number could increase to up to 15% of stores if the company is unable to achieve performance goals, sales targets, and reductions in occupancy and other costs.

 

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