Saturday, February 9, 2008
Why I'm Rooting for Pier 1
Intro:
The Year was 1989. The Berlin Wall was being dismantled, Roseanne Barr was the queen of primetime TV, and the unholy “Straight Up” by Paula Abdul was unleashed upon the world; our eardrums would never be the same again. That same year, home furnishings giant Pier 1 Imports was at its zenith, having opened up its 550th retail store. Starting out with one store in 1962 in San Mateo, California, Pier 1 had taken its candlesticks, rattan furniture and faux-imported goods to every major market in America during the 80’s at a relentless pace that was unheard of for a stand-alone home furnishings chain up until that point.
Full Article on cityhammer.com
Labels: Housing Slump, Pier 1, Pier 1 Imports, Warrren Buffett
