| Business Summary | | Pier
1
Imports,
Inc.
is
a
specialty
retail
operation
consisting
of
three
chains
of
retail
stores
operating
under
the
Pier
1
Imports,
The
Pier,
and
Cargo
brand
names.
The
Company
sells
a
wide
variety
of
furniture,
decorative
home
furnishings,
dining
and
kitchen
goods,
bath
and
bedding
accessories
and
other
specialty
items
for
the
home.
Subject
to
changes
in
the
retail
environment,
availability
of
suitable
store
sites
and
adequate
financing,
Pier
1
plans
to
open
approximately
85
new
stores
and
close
approximately
25
stores
in
North
America
in
fiscal
2002,
depending
upon
lease
renewal
negotiations,
relocation
space
availability
and
general
economic
conditions.
Presently,
Pier
1
maintains
regional
distribution
center
facilities
in
or
near
Baltimore,
Maryland,
Chicago,
Illinois,
Columbus,
Ohio,
Fort
Worth,
Texas,
Ontario,
California,
and
Savannah,
Georgia. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Pier
one
Imports,
Inc.
is
an
international
specialty
retailer
of
imported
decorative
home
furnishings,
gifts
and
related
items.
For
the
three
months
ended
6/2/01,
revenues
increased
9%
to
$325.4
million.
Net
income
decreased
27%
to
$12.3
million.
Revenues
reflect
a
2.8%
increase
in
same
store
sales
and
the
addition
of
new
stores.
Earnings
were
offset
by
lower
merchandise
margins
and
increased
costs
related
to
a
new
television
advertising
campaign. | More
from
Market Guide: Significant
Developments |
| | | | FY2001
Compensation | | Pay | Exer | |
| Marvin Girouard, 61 Chairman,
CEO | $2.5M | -- | Charles Turner, 44 Sr.
VP-Fin., CFO, Treasurer | 663K | $316K | J. Rodney Lawrence, 55 Sr.
VP - Legal Affairs, Sec. | 492K | -- | Robert Arlauskas, 46 Sr.
VP, Stores | -- | -- | Jay Jacobs, 46 Sr.
VP- Merchandising | 651K | 571K | Dollar
amounts are as of 2-Mar-2001 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|