TITLE

Pier 1 shareholders urge cost-cutting measures

AUTHOR(S)
Engel, Clint
PUB. DATE
April 2007
SOURCE
Furniture/Today;4/16/2007, Vol. 31 Issue 31, p44
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Elliott Associates LP and Elliott International LP, owners of a 5.5-percent stake in Texas furniture retailer Pier 1 Imports, have written a letter to Pier 1 urging it to reduce costs, restructure operations and close as many as 300 poorly performing stores and lease at least one-third of its corporate headquarters. The investors also urged Pier 1 to reduce its administrative expenses.
ACCESSION #
24733319

 

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