- "We’ve been sort of in the dumb camp," Pier 1 Imports (PIR -18.9%) CEO Alex Smith tells analysts and investors during the firm's earnings call last night.
- The exec laments the decision by the company to follow peers down the hyper-promotional path.
- Though it will take some time, Pier 1 Imports says it aims to get back to what it's really good at.
- Earnings call transcript