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Pier 1 Imports, Inc. Message Board

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  • edlaff edlaff Apr 9, 1999 6:40 PM Flag

    Not until things change

    Its growth has been virtually non existant. This
    company's management wouldn't know how to grow a house
    plant never mind a company. They can hardly maintain
    the business that they have (see same store sales).
    For a measure of growth, look at the company's past
    stock price (negatively sloping trend) and for a
    measure of expected growth, take a look at the company's
    p/e (much lower than other specialty retail stores).
    This company could have growth with the right
    management, but it seems that this management has a different
    adgenda. While its competition is taking advantage of the
    strong economy with on line shopping, expanded hours,
    expanded product line, etc. PIR is comfortable with
    business as usual. A word to the wise from someone who has
    learned the hard way: Stay away from this company unless
    there is an upheaval of management.

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    • I spent some time in the Santa Barbara store on
      Saturday, and I am now convinced this company is poorly
      run. Their assortment is hideous, and the
      merchandising of the store is nonexistent. Furniture on the
      sales floor is stacked four and five units high,
      undoubtedly because they can't move this junk (even though
      most of it's on sale). And there is absolutely nothing
      in the store that gives PIR any distinction. It's
      the same stuff you can find at K-Mart and Target,
      which is fine at their prices, but not at PIR's

      If they don't drastically change their format, they
      will be pummelled by the likes of their

      Does anyone know something about the management? Have
      any top positions changed hands over the last year?

    • Major news just released regarding auction sight.
      Great backers/ Ivana Trump,Cindy Margualis. AOL news
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      coming. don't wait. Double by month end. 35 - 100 by year
      end !

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