The first Pier 1 Imports store opened in 1962 in San Mateo, California, under the name Cost Plus Imports. Charles D. Tandy and Luther Henderson, the founders of Pier 1 Imports, had purchased Radio Shack several years prior through the Tandy Corporation.

Retail Ecommerce owns several retail brands that have gone out of business, including Pier 1, and it operates the brands as online stores. Other retail names it owns include RadioShack, Stein Mart, Linens 'n Things and Modell's Sporting Goods. The company was founded in 2019.

The home furnishings retailer relaunched last week as an online-only store at Pier1.com. Retail Ecommerce Ventures purchased the rights to Pier 1's trademark, intellectual property, data and e-commerce assets for $31 million in July with plans to revive the company online, REV said in a news release.

Home decor retailer Pier 1 has officially made a comeback by relaunching its online store after filing for Chapter 11 bankruptcy and ceasing all operations. Its e-commerce store relaunched in October, according to a report by RetailDive. Roughly 540 brick-and-mortar stores and its online operations shuttered last fall.

Pier 1 Imports, Inc., is an online retailer and former Fort Worth, Texas-based retail chain specializing in imported home furnishings and decor, particularly furniture, table-top items, decorative accessories, and seasonal decor. It was publicly traded on the New York Stock Exchange under ticker PIR.

Pier 1 Imports

Pier 1 Imports, Inc., is an online retailer and former Fort Worth, Texas-based retail chain specializing in imported home furnishings and decor, particularly furniture, table-top items, decorative accessories, and seasonal decor. It was publicly traded on the New York Stock Exchange under ticker PIR.

The biggest problem Pier 1 faces is its inability to find a sweet spot. In its heyday, Pier 1 offered aesthetically interesting items that were slightly cheaper than top design brands but more expensive than the average discount furniture warehouse. Today, the market for this type of product no longer exists.

Pier 1 Imports

The biggest problem Pier 1 faces is its inability to find a sweet spot. In its heyday, Pier 1 offered aesthetically interesting items that were slightly cheaper than top design brands but more expensive than the average discount furniture warehouse. Today, the market for this type of product no longer exists.

Pier 1 main competitors are Vanity, Chico's FAS, and Target. Competitor Summary. See how Pier 1 compares to its main competitors: Target has the most employees (409,000).

On February 17, 2020, Pier 1 Imports, Inc. and seven affiliated companies filed Chapter 11 bankruptcy in the United States District Court for the Eastern District of Virginia. As part of the filing, the company is closing all their stores in Canada.