Message Font: Serif | Sans-Serif
No. of Recommendations: 2

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?

(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)
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.