Pier 1 Imports yesterday announced an aggressive growth plan, which includes e-commerce initiatives, existing stores improvements, expansion of the store portfolio, and development of infrastructure and technology.
The Company plans to invest approximately $200 million over the next three years in these initiatives, utilizing cash flow from operations.
"We have numerous opportunities to profitably increase the reach of the Pier 1 Imports brand," said Alex W. Smith, President and Chief Executive Officer, in a statement. "We have carefully and thoughtfully analyzed our capital allocation plan to further strengthen our competitive position within our industry, both in-store and on a multi-channel level. Our Pier 1 Imports brand is getting stronger and we are ensuring that we have the right tools in place to become a best-in-class, multi-channel retailer. We continue to reap the benefits of the carefully planned investments we have made in our business and we look forward to building upon these successes one customer and one SKU at a time."
News categoriesAll News >
International firms win American Architecture Prize
Decorex seminar program features Sophie Ashby, Francis Sultana and more
Peter Fasano Ltd., sold: Inside Peter Webster and Reid Stewart's acquisition
A Day In My Shoes at High Point Market, The Evening HoursSpecial Events | 2:21A Day In My Shoes at High Point...
A Day In My Shoes at High Point MarketSpecial Events | 3:07A Day In My Shoes at High Point...
Ann Feldstein and Jennifer Powell TumpowskyPr marketing
Baltimore Summer Antiques ShowAntiques Show
Design Brussels SeptemberPublic Design Show
Miami Home Design and Remodeling ShowPublic Design Show
- The Scene
- Tag Sale
- In Print