Pier One home office

Pier 1 Imports’ first store opened in San Mateo, California in 1962. The new store catered to “hippy baby boomers” and featured love beads and incense.

Four years later, Pier 1 had grown to 16 locations.

Pier 1 first went public on the American Stock Exchange in 1960 and later joined the New York Stock Exchange in 1972. That year Pier 1 had 123 stores and had expanded internationally to Australia and Europe.

Today Pier 1 has more than 1,000 stores under the name Pier 1 Imports in United States, Canada and Mexico. The stores sell imported decorative home furnishings, decorative accents, seasonal items, and gifts. Pier 1 sells more then 6,000 items imported from more than 50 countries.

Pier 1 is publicly traded on the New York Stock Exchange under the symbol PIR, has 3,700 employees, and had $1.81 billion in revenue in 2013.

In February 2020, the company announced that it was closing up to 450 locations.

Pier One filed for bankruptcy earlier in February and is trying to find a buyer or consolidate their debt.

In April 2020, the company received an offer to purchase the corporation, but it would need to close nearly 800 locations. It is unknown at this time if the company has accepted the offer. 

Pier One maintains their corporate office in Fort Worth, Texas.

Pier 1 Imports

Pier 1 Imports’ first store opened in San Mateo, California in 1962. The new store catered to “hippy baby boomers” and featured love beads and incense.

Four years later, Pier 1 had grown to 16 locations.

History

Pier 1 first went public on the American Stock Exchange in 1960 and later joined the New York Stock Exchange in 1972. That year Pier 1 had 123 stores and had expanded internationally to Australia and Europe.

Today Pier 1 has more than 1,000 stores under the name Pier 1 Imports in United States, Canada and Mexico. The stores sell imported decorative home furnishings, decorative accents, seasonal items, and gifts. Pier 1 sells more then 6,000 items imported from more than 50 countries.

Pier 1 is publicly traded on the New York Stock Exchange under the symbol PIR, has 3,700 employees, and had $1.81 billion in revenue in 2013.

In February 2020, the company announced that it was closing up to 450 locations.

Pier One filed for bankruptcy earlier in February and is trying to find a buyer or consolidate their debt.

In April 2020, the company received an offer to purchase the corporation, but it would need to close nearly 800 locations. It is unknown at this time if the company has accepted the offer. 

Pier One maintains their corporate office in Fort Worth, Texas.