Financial Health Key to Pier 1 Imports’ Longevity

Published Tuesday, September 29, 2009

In this time of uncertainty, when many retailers are still trying to figure out strategies for long-term survival, home furnishings seller Pier 1 Imports is an unlikely source of inspiration. Even before the recession, many analysts and industry experts predicted a bankruptcy filing for the Fort Worth, Texas-based chain as it struggled with falling sales and stiff competition from more affordable big-box players. Yet a year after peers Linens 'n Things and Bombay Co. have liquidated, Pier 1 is still around. Last week, the retailer even announced it would cut the number of expected ...

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