Search
 

Pier 1 Cuts Store Openings

FORT WORTH-The chain refocuses its strategy on driving traffic during holiday season.

By Debra Hazel | Updated on September 15, 2006

FORT WORTH-Pier 1 Imports has cut back its planned store openings as it continues to refine its merchandise assortments, executives said at its second-quarter 2007 conference call Thursday.

The chain, which operates 1,261 stores in the United States, Canada and Puerto Rico under the Pier 1 Imports and Pier 1 Kids banners, will open 34 new stores this year, down from the 40 originally planned. In addition, it will close a total of 65 to 70 units, including seven Pier 1 Kids stores.

“We continue to review our real estate portfolio,” said executive VP and CFO Cary Turner. Only 11 more stores will open between now and November, he said.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.