Pier 1 Announces Organizational Redesign; Reinvesting to Build Core Competencies
PIER 1 IMPORTS (PIR)
Last pier 1 imports earnings: 6/26 04:15 pm
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US:NYSE Investor Relations:
investors.pier1.com
Company Research
Source: Business Wire
Company Provides Date for Fourth Quarter and Full Year Fiscal 2019 Financial Results and Conference Call FORT WORTH, Texas--(BUSINESS WIRE)-- Pier 1 Imports, Inc. (NYSE:PIR) today announced an organizational redesign of its corporate workforce to better align its operations with its long-term strategy and enable the Company to improve agility, reduce costs and reinvest in building core competencies. The organizational redesign is being completed as part of a broader review of Pier 1’s operations, undertaken with the assistance of outside consultants, to enhance the Company’s processes, capabilities and cost structure. Pier 1 established the Company’s new organizational structure based on industry benchmarks for each department, with changes including the elimination of certain roles, a realignment of responsibilities for some associates, new reporting structures and the creation of new positions.
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