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Author: Fafar Three stars, 500 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 438  
Subject: Firing the wrong people! Date: 4/12/2007 10:31 AM
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http://www.fool.com/investing/value/2007/04/11/foolish-forecast-pier-1-is-sinking.aspx

Rich Smith says: But if cuts truly needed to be made (and Pier 1's negative operating margins tell us they did), then by focusing its cost-cutting on "field administrators" and "home office" staff, I expect Pier 1 will be getting the most bang for its pink slips.

I've always thought they needed to fire their designers...and the management that liked those designs! People won't buy what they don't like and I still contend that, on the whole, the merchandise PIR has sold for the last few years is just not what shoppers wanted. It's not the price or the marketing; it's the style and choice of colors.

So cutting field administrators won't solve anything either, unless they somehow have a voice in what merchandise comes into their stores. Who falls under the "home office" category?

Fafar
(who's glad for them that Feb. sales were up...I'll have to go check out the local store and see what's new)
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