Thursday, September 8, 2016

CEO leaving Fort Worth-based Pier 1 Imports after Christmas

Image result for pier 1Pier 1 Imports CEO Alex Smith is leaving at the end of the year.

The 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

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