Smith clarified that while it's always nice to have the tailwind of a robust housing market, Pier 1 doesn't need strong housing in order to prosper. Its remarkable turnaround began during the worst of the housing collapse and it's been nothing but success ever since. Smith noted that it only takes fractional gains in marketshare for Pier 1 to do extremely well. Among the other positives at the company, its new customer loyalty and rewards program, which has been attracting tons of new customers, and Pier 1's new three-story flagship store in Manhattan. Cramer said that he loves shopping at Pier 1 as well as investing in it.