About Pier 1 Imports

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Overview

Thank you for your interest in Pier 1. We began our company in 1962 with a single store in San Mateo, California. Since then we have grown to more than 1,000 locations companywide. In this section, we have included corporate information that details Pier 1's 50 years of experience as North America's largest specialty retailer of imported home furnishings and décor. We hope that you find this information useful and informative, and we look forward to seeing you soon.

About Our Company

Pier 1 Imports is dedicated to offering customers distinct home furnishings and décor at a good value. Our merchandise is a constantly evolving assortment based on customers' lifestyles and relevant home trends. We are a socially conscious company that conducts business with personal and professional integrity. We employ committed, caring associates whose first priority is responding to the needs of our customers. Pier 1 is a publicly owned company that is traded on the New York Stock Exchange under the trading symbol PIR. Our fiscal year begins in March and extends through February. We utilize 5-4-4 (week) quarterly accounting periods with the fiscal year of 52 weeks ending on the Saturday nearest the last day of February.

Pier 1 Imports Stores

Since opening our first store in San Mateo, California, in 1962, Pier 1 now operates more than 1,000 stores in North America, including Pier 1 Imports stores in 49 states, Canada and Mexico. Each store team is comprised of knowledgeable, friendly associates led by experienced management eager to help all of our customers with their home décor needs. Currently, we employ approximately 19,000 people worldwide. More than 600 associates work in our corporate headquarters located in Fort Worth, Texas.

The Merchandise

Our merchandise assortment ranges from home accessories such as candles, vases and picture frames to full-sized, upholstered furniture, hand-carved armoires, large-scale vases and eclectic wall décor. As much as 75 percent of our assortment includes new product introductions each year. From initial product development to store display, Pier 1 merchandise makes a long and interesting journey. The process begins with our buyers, who import goods from more than 50 countries. All merchandise is carefully selected in order to offer our customers exclusive, one-of-a-kind product that reflects excellent quality at a great value. Our buyers also work with designers abroad and with Pier 1's Trend and Product Development team to create the proprietary designs found in our stores. The Trend and Product Development team focuses on forecasting merchandise trends and developing product design. Pier 1's Visual Merchandising team works to create merchandise displays that appeal to Pier 1 customers through easy-to-navigate store layouts and idea-generating vignettes.

Leadership

Pier 1 Imports executive management team:

  • Alexander W. Smith, President and CEO
  • Charles H. Turner, Senior Executive V.P. and CFO
  • Michael R. Benkel, Executive V.P. Planning and Allocations
  • Catherine David, Executive V.P. Merchandising
  • Gregory S. Humenesky, Executive V.P. Human Resources
  • Sharon M. Leite, Executive V.P. Stores
  • Michael A. Carter, Senior V.P. and General Counsel, Secretary
  • Laura A. Coffey, Senior V.P. Business Development and Strategic Planning
  • Donald L. Kinnison, Senior V.P. Marketing and Visual Merchandising