Message Font: Serif | Sans-Serif
No. of Recommendations: 2
This article from Yahoo says that shares have gone up too high on speculation of a takeover...I'd agree.
"We view Pier 1 as too pricey to buy in the hopes of a takeout, particularly with fundamental prospects for the company still so weak," he said in a research note.

Pier 1, long known for its ethnic decorations and wicker furniture, has been struggling due to a slowdown in consumer spending, a cooling housing market and increased competition from specialty retailers and discounters.

Last week, the company posted its sixth consecutive quarterly loss and has seen seven straight months of declines in sales at stores open at least a year.

I strongly disagree as to the reason why it's struggled all this time. Consumer spending...cooling housing??? No! The other retailers took their business because Pier1's designs were NOT what the public wanted.

Increased competition? Yes, Target et all started selling global home merchandise. But it wasn't their prices that enticed the buyers, it was their style first.

If the design/look is what you want, you'll buy it. If it's unique, well done, but a little costly, you'll still buy it...or wait for a sale. If it's not what you want in your house, you leave it at the store. If the store is full of things you don't want, after several visits like that you stop going.

I don't know a single woman that says "Oh, I don't really like it/It doesn't go with the rest of my things, but it's cheap so I'll buy it."

One shopper's opinion...

still waiting for $4 and better looking designs
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.