Pier 1 Plummets Amid Sales Slump and Plans to Close 450 Stores
The struggling retailer plans to close nearly half its locations after comparable-store sales fell 11.4% in the latest quarter.
Boeing, Netflix, Amazon, FedEx and Wall Street Records - 5 Things You Must Know Tuesday
U.S. stock futures trade lower Tuesday, a day after Wall Street's fresh record highs; Boeing will halt production of its troubled 737 MAX model in January; FedEx reports earnings; Netflix discloses overseas membership numbers.
Pier 1 Imports Shares Crash After Losing More Money Than Expected
The embattled Pier 1 Imports continues to see massive losses, causing the stock to crater.
Trump and Impeachment, Nike, Amazon, AT&T, WeWork - 5 Things You Must Know
U.S. stock futures point lower after Democrats in the House said they will proceed with an 'official' impeachment probe of Donald Trump; Nike rises on a strong earnings beat and powerful growth in Asia; Amazon is expected to unveil health wearables at its hardware event in Seattle.
Rising Tide of Retail Stocks Lifts Pier 1 Stock Nearly 23%
Retail sector's rally pushes PIR up 22.6% just two weeks after NYSE threatened to delist the company.
Pier 1 Shares Close Lower; Retailer Names New President, CFO
Shares of home-décor retailer Pier 1 closed lower on Friday. The company made two new senior executive appointments to help it stanch declining sales.
Francesca's Holdings Rebounds on Cross River Stake; Pier 1 Slumps More
Specialty retailer Francesca's gets support from private equity stake in company.
Why Pier 1 and Francesca's Holdings Stocks Are Plummeting
Shares of Pier 1 Imports and Francesca's Holdings fell sharply Tuesday as the market apparently loses faith in the struggling retailers' turnaround plans.
Pier 1 Says It Could Close Nearly 60 Stores as Losses Widen
Pier 1 Imports reports a loss significantly wider than a year earlier on a sharp sales decrease, and it says it will close nearly 60 stores during the fiscal year.
FedEx, U.S.-China Trade Pact, Micron, Apple, BlackBerry - 5 Things You Must Know
U.S. stock futures rise after Treasury Secretary Steven Mnuchin says the U.S. and China were 'about 90% of the way' toward reaching a trade pact; Micron's fiscal third-quarter earnings and revenue beat Wall Street forecasts and the company says it expects a solid rebound in memory demand later this year; FedEx doesn't expect recent issues with Huawei will affect its business in China.
Tesla Stock Higher As Elon Musk Sells $6.9 Billion Shares, Citing Twitter Deal
"In the (hopefully unlikely) event that Twitter forces this deal to close *and* some equity partners don’t come through, it is important to avoid an emergency sale of Tesla stock," Musk said.
Apple Stock Edges Higher Despite Cautious Smartphone Outlook From Supplier Foxconn
Foxconn, Apple's main iPhone assembler, forecast muted smartphone revenues for its September quarter amid waning global demand.
Disney Earnings Preview: Disney+ Steaming Growth In Focus After Netflix Stumble
Disney needs to add more than 9 million streaming users each quarter in order to meet its September 2024 goal of between 230 million and 260 million global subscribers.