Hot Retail Companies To Watch In Right Now

Hot Retail Companies To Watch In Right Now: Pier 1 Imports Inc (PIR)

Pier 1 Imports, Inc. (Pier 1 Imports), incorporated in April 30, 1986, is a global importer of imported decorative home furnishings and gifts. As of March 2, 2013, the Company had 1,062 stores in the United States and Canada. During the fiscal year ended March 2, 2013 (fiscal 2013), the Company opened 22 new Pier 1 Imports stores and closed 12 stores. The Company operates regional distribution center facilities in or near Baltimore, Maryland; Columbus, Ohio; Fort Worth, Texas; Ontario, California; Savannah, Georgia, and Tacoma, Washington. The specialty retail operations of the Company consist of retail stores and e-Commerce operations conducting business under the name Pier 1 Imports, which sell a range of furniture, decorative home furnishings, dining and kitchen goods, candles, gifts and other specialty items for the home.

As of March 2, 2013, the Company operated 982 Pier 1 Imports stores in the United States and 80 Pier 1 Imports stores in Canada. During fiscal 2013, the Company supplied merchandise and licensed the Pier 1 Imports name to Grupo Sanborns, which sold Pier 1 Imports merchandise primarily in a store within a store format in 49 Sears Mexico stores and one store in El Salvador. The stores consist of freestanding units located near shopping centers or malls and in-line positions in major shopping centers. Pier 1 Imports operates in all major United States metropolitan areas and many of the primary smaller markets.

Decorative Accessories

This merchandise group constitutes the range of category of merchandise in Pier 1 Imports' sales mix. These items are imported primarily from Asian and European countries, as well as some domestic sources. This merchandise group includes decorative accents, lamps, vases, dried and artificial flowers, baskets, ceramics, dinnerware, bath and fragr! ance products, candles, seasonal and gift items.

Furniture

This merchandise group cons ists of furniture and furniture cushions to be used in livin! g, dining, office, kitchen and bedroom areas, sunrooms and on patios. Also included in this group are wall decorations and mirrors. These goods are imported from a variety of countries such as Vietnam, Malaysia, Brazil, Thailand, China, the Philippines, India and Indonesia, and are also obtained from domestic sources. This merchandise group is made of metal or handcrafted natural materials, including rattan, pine, beech, rubberwood and selected hardwoods with either natural, stained, painted or upholstered finishes.

Advisors' Opinion:

• [By Monica Gerson]

  Pier 1 Imports Inc (NYSE: PIR) is estimated to post its Q3 earnings at $0.20 per share on revenue of $488.26 million.

  ConAgra Foods Inc (NYSE: CAG) is projected to report its Q2 earnings at $0.61 per share on revenue of $4.20 billion.

• [By Monica Gerson]

  Wall Street expects Pier 1 Imports Inc (NYSE: PIR) to post its Q3 earnings at $0.20 per share on revenue of $488.26 million. Pier 1 Imports shares gained 0.87% to close at $13.91 yesterday.

• [By Grace L. Williams]

  It wouldn’t be much of a shock. In an article earlier today, MarketWatch reporter Andria Cheng notes that industry rivals including Pier 1 Imports (PIR), the Container Store (TCS) and Williams-Sonoma (WSM) lowered their profit or sales outlooks. Cheng also notes that Bed Bach & Beyond had cut its outlook in June to $1.08 a share from $1.16. She continues:

• [By Alanna Petroff]

  Watch Pier 1 Import (PIR)trading Thursday. Shares plunged in extended trading after the company said profit was nearly cut in half during the most recent quarter.

source from Top Stocks For 2015:http://www.topstocksblog.com/hot-retail-companies-to-watch-in-right-now-! 2.html