Pier 1 Imports CEO Alex Smith is leaving at the end of the year.
Fort Worth-based home furnishings retail company said Wednesday the
decision was mutually agreed to by the board and Smith. He has been Pier
1's CEO since 2007.
Smith's departure comes as the company also
said Wednesday that sales fell 6.7 percent in the second quarter. The
company said it expects to post a second-quarter loss in the range of 5
cents to 6 cents a share, not including one-time items related to
Smith's departure. . . . more