New Management Gets Pier 1 Imports Back On Track
Like many retailers, Pier 1 Imports was hit hard by the bursting of the housing and consumer credit bubbles. The chain posted losses each year from 2006 to 2008. Since then, this retailer of imported furniture and household accessories has produced 13 straight quarters of growth in overall revenue, same-store sales and operating margins. In so doing, Pier 1 (PIR) has rung up "among the best
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