Pier 1 Imports: “A Step In The Right Direction”
March 07, 2017 at 14:14 PM EST
Discounts and cost cutting appears to have paid off at Pier 1 Imports (PIR). Shares of the home furnishings retailer were rising Tuesday, up more than 6% after the company unveiled preliminary fiscal fourth quarter results that beat expectations. Oppenheimer analyst Brian Nagel called it “a step in the right direction” for the troubled retailer.
