Monday, December 23, 2024
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Pier 1 Imports

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West Marine Names New Chief Commercial Officer

by Katie Lee

Fort Lauderdale, Fla. — West Marine, Inc. has appointed Stacey Renfro as chief commercial officer. She joins the company’s senior leadership team and reports to CEO Eric Kufel. She is a seasoned retail veteran whose resumé includes leadership positions at The Vitamin Shoppe, Pier 1 Imports and JC Penney. “We are extremely pleased to welcome Stacey Renfro to the West Marine team,” says Kufel. “Through her complex growth initiatives and game-changing strategies, she has built lifestyle brands and transformed omni-channel retailers to accelerate digital strategies. Stacy’s passion for boating and …

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Newsretailers

Pier 1 Files Voluntary Chapter 11 Bankruptcy

by Katie Lee

Fort Worth, Texas — Pier 1 Imports, Inc. is pursuing a sale of the company. To facilitate an orderly sale process and implement the PSA, the company and its subsidiaries have commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the Eastern District of Virginia. The company also intends to use this process to complete the previously announced closure of up to 450 store locations, which includes the closure of all its stores in Canada. To date, the company has closed or initiated going-out-business sales at over 400 …

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Newsretailers

Pier 1 Imports to Shutter Up to 450 Stores

by Katie Lee

Fort Worth, Texas — Pier 1 Imports Inc., a home goods retailer based in Fort Worth, Texas, intends to shutter up to 450 stores, which represents nearly half of its current store count of 936. The retailer also plans to close a select number of distribution centers and reduce its corporate expenses, which includes corporate layoffs. Pier 1 says that its efforts will help right-size the company’s omnichannel operations and allow it to move forward with an “appropriately sized store footprint.” Pier 1 has hired a third-party liquidator to help …

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