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Stock impact report

Pier 1 Imports: A Risky Turnaround Play [Seeking Alpha]

PIER 1 IMPORTS (PIR) 
Last pier 1 imports earnings: 6/26 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.pier1.com
Company Research Source: Seeking Alpha
Pier 1 Imports: A Risky Turnaround Play Pier 1 (NYSE: PIR online shopping site This seems another case of the retail slaughter that has been plaguing many chains, but in the case of Pier 1, it's largely self-inflicted, according to management. We'll get to that in a minute, but first, consider the scale of the crisis which can't be all that much of a surprise, given the above operational development: What you don't see on this chart is that recently, very good money has been made by some astute investors who got on board late last year: That is, there are some investors betting on a revival, and while far from a given, there is something to be said for that. The company appointed Cheryl Bachelder as new CEO, and she has some experience in turning failing companies around with restaurant chain Popeyes. The biggest problem is simply this (Q3CC): I think the biggest driver is the traffic that we're just not getting the traffic into the stores you heard us mention in our remarks that conv Show less Read more
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