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About Pier 1 Imports, Inc.

When shoppers' fish for home decor, Pier 1 Imports wants to be sure they catch something. The company's offers a wide selection of indoor and outdoor furniture, lighting, dinnerware, and other decorative accessories.  Relaunched in 2020, Pier1.com works with established Pier 1 vendors to offer the same curated assortments of furniture, lighting, fragrance, tableware and décor that loyal customers have cherished for decades. It was acquired by incubator Retail Ecommerce Ventures (REV) in 2020.

Bankruptcy

Pier 1 filed for bankruptcy in February 2020 after nearly 60 years in business. It evaluated its survival options but couldn't find any, and it ultimately won court approval in May to permanently close its 500 stores. Liquidation sales began in May. Retail Ecommerce Ventures (REV), an investment firm that buys beleaguered brands, is paying $31 million for the moribund home goods retailer's name and intellectual property. The aim is to reboot Pier 1 online and create robust ecommerce future for the brand.

Operations

Pier 1 sells eight categories of merchandise which includes indoor pillows, lighting (lamps, pendants and ceiling lights, decorative light, glimmer strings), wall décor (mirrors, wall art, accents, shelves, frames, sconces, wallpapers), dining room and kitchen furniture, living room furniture, and seasonal items such as fall and thanksgiving, and Christmas. Other products include rugs and curtain, candles, entertainment, cushions, and bed and bath.

Geographic Reach

The new Pier 1 team is based in Dallas, Texas.

Sales and Marketing

Pier 1 sells products via its website

Strategy

Bankrupt Pier 1 Imports is winding down its brick-and-mortar operation, but its brand name will survive online. Retail Ecommerce Ventures (REV), an investment firm that buys beleaguered brands, is paying $31 million for the moribund home goods retailer's name and intellectual property. Pier 1 filed for bankruptcy in February after nearly 60 years in business. It evaluated its survival options but couldn't find any, and it ultimately won court approval in May to permanently close its 500 stores. Liquidation sales began in May. 

Pier 1 Imports, Inc.

100 Pier 1 Pl
Fort Worth, TX 76102-2600
Phone: 1 (800) 245-4595

Firm Stats

Employer Type: Publicly Owned
President and CEO: Alasdair James
Chairman: Terry E. London
EVP and CFO: Nancy A. Walsh
Employees (This Location): 120
Employees (All Locations): 18,000

Major Office Locations

Fort Worth, TX

Other Locations

Anchorage, AK
Fairbanks, AK
Auburn, AL
Daphne, AL
Dothan, AL
Foley, AL
Hoover, AL
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Mobile, AL
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