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Pier 1 Imports

OverviewSuggest Edit

Pier 1 Imports is an omnichannel retailer specializing in imported home furnishings and decor, particularly furniture, table-top items, decorative accessories, and seasonal decor. The Company's merchandise consists of home furnishings and items including accessories such as candles, vases, and picture frames as well as full-sized upholstered furniture, hand-carved armoires, large-scale vases and eclectic wall décor. Items are imported, created in conjunction with foreign designers, or produced by Pier 1's Trend and Product Development team.

TypePublic
Founded1962
HQFort Worth, TX, USMap
Websitepier1.com
Employee Ratings3.7More
Overall CultureC+More
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Employees (est.) (Mar 2019)4,000(-11%)
Revenue (FY, 2019)$1.6 B(-13%)
Share Price (Apr 2020)$0.2
Cybersecurity ratingBMore

Key People/Management at Pier 1 Imports

Robert J. Riesbeck

Robert J. Riesbeck

Chief Executive Officer and Chief Financial Officer, Director
Robert L. Bass

Robert L. Bass

Director
Donna N. Colaco

Donna N. Colaco

President
Michael A. Peel

Michael A. Peel

Director
Mark R. Haley

Mark R. Haley

Executive Vice President, Store Sales and Operations
Christine C. Murray

Christine C. Murray

Executive Vice President, Human Resources and Chief Human Resources Officer
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Pier 1 Imports Office Locations

Pier 1 Imports has an office in Fort Worth
Fort Worth, TX, US (HQ)
100 Pier 1 Pl
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Pier 1 Imports Financials and Metrics

Pier 1 Imports Revenue

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Pier 1 Imports's revenue was reported to be $1.55 b in FY, 2019
USD

Revenue (Q3, 2020)

358.4m

Gross profit (Q3, 2020)

110.3m

Gross profit margin (Q3, 2020), %

30.8%

Net income (Q3, 2020)

(59.0m)

EBIT (Q3, 2020)

(53.3m)

Market capitalization (8-Apr-2020)

14.4m

Closing stock price (8-Apr-2020)

0.2

Cash (30-Nov-2019)

11.1m

EV

752.3m
Pier 1 Imports's current market capitalization is $14.4 m.
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

1.5b1.7b1.8b1.9b1.9b1.8b1.8b1.6b

Revenue growth, %

5%1%(3%)(2%)

Cost of goods sold

882.4m961.8m1.0b1.1b1.2b1.1b1.1b1.1b

Gross profit

651.2m743.1m745.6m749.7m705.0m697.3m658.2m450.9m
Quarterly
USDQ1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

334.6m339.6m382.7m361.1m367.6m424.5m394.9m395.6m465.5m419.1m418.6m484.5m432.0m430.0m472.5m418.4m405.8m475.9m409.5m407.6m469.2m371.9m355.3m413.2m314.3m304.6m358.4m

Cost of goods sold

200.5m205.0m217.2m210.8m216.1m238.3m227.3m234.3m263.2m251.3m256.0m279.6m267.3m280.4m294.1m269.4m260.8m279.5m257.9m267.4m292.5m251.7m261.8m282.7m235.5m253.8m248.1m

Gross profit

134.1m134.5m165.5m150.3m151.5m186.3m167.6m161.3m202.2m167.7m162.6m204.9m164.7m149.5m178.5m149.0m145.0m196.4m151.6m140.2m176.7m120.1m93.5m130.5m78.8m50.8m110.3m

Gross profit Margin, %

40%40%43%42%41%44%42%41%43%40%39%42%38%35%38%36%36%41%37%34%38%32%26%32%25%17%31%
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Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

287.9m231.6m135.4m54.9m

Accounts Receivable

16.3m22.3m22.1m21.2m

Prepaid Expenses

23.5m49.0m48.8m49.9m

Inventories

322.5m356.1m377.7m478.8m405.9m401.0m347.4m347.6m
Quarterly
USDQ1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

304.0m190.8m179.3m217.9m115.1m120.8m241.9m80.2m116.8m71.1m30.5m10.0m11.1m

Accounts Receivable

15.9m14.1m26.6m21.6m21.7m35.0m20.4m22.2m36.6m21.8m24.5m45.0m25.9m25.6m40.8m25.6m20.8m39.1m24.7m22.3m43.1m23.5m24.2m36.3m18.5m25.6m36.5m

Prepaid Expenses

27.2m20.3m21.5m31.8m24.8m25.4m50.5m44.0m51.8m56.7m48.5m50.5m50.1m

Inventories

315.1m370.7m367.9m333.5m420.8m417.5m383.3m444.7m429.1m417.6m513.8m535.5m501.7m533.6m503.0m421.1m481.3m479.8m418.4m457.3m418.9m329.7m386.7m388.3m327.2m328.6m328.9m
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Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

168.9m129.4m107.5m75.2m39.6m30.1m11.6m(198.8m)

Depreciation and Amortization

30.9m38.4m45.8m54.3m55.8m54.6m61.4m59.5m

Inventories

(10.7m)(33.6m)(22.0m)(100.0m)73.0m4.9m53.5m(540.0k)

Accounts Payable

7.5m(5.5m)14.0m26.3m(33.6m)(5.7m)(33.8m)32.2m
Quarterly
USDQ1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

14.1m30.7m53.7m17.8m44.1m67.7m20.3m38.2m64.9m15.1m24.2m42.1m6.9m10.0m21.0m(6.0m)(10.1m)3.5m(3.0m)(10.8m)(3.4m)(28.5m)(79.6m)(130.0m)(81.7m)(182.3m)(241.2m)

Depreciation and Amortization

9.7m16.6m23.1m8.7m17.6m27.5m10.7m21.9m33.6m12.0m25.1m39.5m13.5m27.5m41.4m15.4m30.5m45.3m15.8m31.0m45.9m14.9m29.8m44.1m14.3m28.1m42.1m

Inventories

(3.3m)(58.9m)(56.1m)(11.0m)(98.3m)(95.1m)(27.3m)(88.6m)(73.0m)(40.0m)(136.1m)(157.9m)(22.8m)(54.8m)(24.2m)(15.2m)(75.4m)(74.0m)(17.4m)(56.4m)(17.9m)17.6m(39.3m)(41.3m)20.2m18.9m18.7m

Accounts Payable

(825.0k)10.0m12.7m1.8m11.5m8.4m37.3m34.5m51.7m44.8m32.0m60.1m33.0m(21.0m)3.6m49.1m9.7m41.9m34.1m(5.5m)14.9m34.2m115.3m104.9m(944.0k)18.8m19.1m
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USDQ1, 2012

Financial Leverage

1.8 x
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Pier 1 Imports Operating Metrics

Pier 1 Imports's Stores was reported to be 1 k in Q1, 2018.
FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018

Retail Space, sq. ft.

8.41 m8.40 m8.32 m8.34 m8.17 m8.12 m8.09 m8.08 m8.05 m8.03 m

Stores

1.07 k1.06 k1.05 k1.06 k1.03 k1.03 k1.02 k1.02 k1.02 k1.02 k
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Pier 1 Imports Revenue Breakdown

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Pier 1 Imports revenue breakdown by business segment: 99.3% from Retail Sales and 0.7% from Other

Pier 1 Imports Cybersecurity Score

Cybersecurity ratingPremium dataset

B

82/100

Learn more about our premium products
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Pier 1 Imports Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

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Pier 1 Imports Online and Social Media Presence

Pier 1 Imports's Trends

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Pier 1 Imports Company Culture

  • Overall Culture

    C+

    66/100

  • CEO Rating

    C

    65/100

  • Compensation

    D+

    55/100

  • Diversity

    A-

    75/100

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Pier 1 Imports News and Updates

October 29, 2020

Retail Ecommerce Ventures (REV) Officially Relaunches Pier 1 Imports Online Store

DALLAS, Oct. 29, 2020 /PRNewswire/ -- Retail Ecommerce Ventures (REV) today officially relaunched Pier1.com, the new customer-centric online store for home furnishings and accessories retailer Pier 1 Imports. The 58-year-old brand closed its brick-and-mortar locations this year as part of...
May 29, 2020

Pier 1 Imports gets approval from a judge to liquidate its remaining stores

Pier 1 Imports is winding down its business. "This is not the outcome we hoped for when we began this process, and we are deeply saddened to move forward with winding down Pier 1," CEO Robert Riesbeck said in a statement. The company plans to finish liquidating stores by October, once it can safel…
January 18, 2020

We compared Ross and the struggling Pier 1 Imports and saw why the messier store is actually better to shop for home goods

Pier 1 Imports, a major home goods retailer, is struggling and closing up to 450 of its 942 stores. Ross Stores sells home goods in addition to clothes, shoes, and accessories. We visited a Ross store in Davie, Florida and a Pier 1 Imports in New York City to see how they compared for home-goods s…
July 17, 2019

We shopped at Walmart and Pier 1 Imports to see which store is better for home-goods shopping (WMT, PIR)

Pier 1 Imports, once a leading home-decor retailer, has hit turbulent waters. The company announced it would close 57 stores by 2020, after a period of poor sales.  Walmart, meanwhile, is making gains in the home-goods sector online. We visited both stores to see which is better for shopping fo…
July 10, 2019

We shopped at TJ Maxx and Pier 1 Imports to see which store is better for home goods — and the winner was unexpected (PIR, TJX)

The home-goods retail sector is saturated with options — and some are better than others. Pier 1 Imports was once a leading player in the market, but it has since fallen behind other competitors like Target, Amazon, and TJ Maxx. We visited Pier 1 Imports and TJ Maxx to see which store is better f…
April 17, 2019

Pier 1 Imports fourth-quarter results disappoint, CFO departs

Pier 1 Imports Inc's Chief Financial Officer Nancy Walsh is leaving after a year in the job at the struggling home furnishing retailer, which reported a bigger-than-expected loss in the fourth quarter on Wednesday.
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 Pier 1 Imports Frequently Asked Questions

  • When was Pier 1 Imports founded?

    Pier 1 Imports was founded in 1962.

  • Who are Pier 1 Imports key executives?

    Pier 1 Imports's key executives are Robert J. Riesbeck, Robert L. Bass and Donna N. Colaco.

  • How many employees does Pier 1 Imports have?

    Pier 1 Imports has 4,000 employees.

  • What is Pier 1 Imports revenue?

    Latest Pier 1 Imports annual revenue is $1.6 b.

  • What is Pier 1 Imports revenue per employee?

    Latest Pier 1 Imports revenue per employee is $388.2 k.

  • Who are Pier 1 Imports competitors?

    Competitors of Pier 1 Imports include Ikea, Serena & Lily and Ethan Allen Interiors.

  • Where is Pier 1 Imports headquarters?

    Pier 1 Imports headquarters is located at 100 Pier 1 Pl, Fort Worth.

  • Where are Pier 1 Imports offices?

    Pier 1 Imports has an office in Fort Worth.

  • How many offices does Pier 1 Imports have?

    Pier 1 Imports has 1 office.