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Pier 1 Imports slumps 30 percent; holiday optimism disappears
December 14, 2017 1:34 PM ESTBy Noel Randewich
SAN FRANCISCO (Reuters) - Pier 1 Imports Inc's (NYSE: PIR) stock lost nearly a third of its value on Thursday and its main competitors' shares also fell after the furniture and home decorations retailer warned the holiday shopping season was not going well.
Shares in the seller of wicker chairs and scented candles slumped 30 percent and was on track for its deepest one-day drop since 2009, while rival Williams-Sonoma Inc (NYSE: WSM) fell 3.25 percent, Bed Bath & Beyond Inc (NASDAQ:... More
