From Home Furnishing Business
Pier I CEO Steps Down
Pier 1 Imports (NYSE: PIR) has announced its CEO Alasdair James has stepped down amid the company’s declining sales, according to a report from Reuters.
Cheryl Bachhelder has been appointed interim CEO, effective immediately.
The company also reported a 12 percent decline in net sales for the third quarter at $413.2 million.
Read the report here.