Pier imports online plus#
Tandy opened 16 Cost Plus retail outlets between 19. or European-made goods, it was popular with the large baby-boom generation, most of whom were first-time buyers of furnishings. Although most of the merchandise was second-rate in comparison to U.S. Furthermore, items that did not sell well could be easily liquidated by cutting their price to near cost. Even with large markups the goods would seem relatively cheap in the United States. dollar would allow him to import items, including rattan furniture, brass candlesticks, specialty textiles, and other items, at rock bottom prices from countries such as Mexico, India, and Thailand. The concept behind Tandy ’s Cost Plus chain plan was relatively simple: a strong U.S. At the same time, Tandy secured the rights to open and operate additional stores under the Cost Plus name. Impressed by the shop ’s success, Tandy offered the owner of Cost Plus a loan to start a retail Cost Plus outlet. To help liquidate costly inventory, the shop owner opened a liquidation outlet in 1958 called Cost Plus. Pier 1 was inspired by the owner of a rattan furniture importer and wholesaler in San Mateo, California, who was having credit problems. Henderson was serving as treasurer for Tandy ’s burgeoning Tandy Corporation, which became best known for its Radio Shack chain. 1960s: The Early YearsĬharles Tandy and Luther Henderson opened the precursor to Pier 1 shops in 1962 under the name Cost Plus. Sales through the company ’s proprietary credit card account for more than 28 percent of overall sales. They offer a wide selection of merchandise, including more than 5,000 items imported from more than 60 countries worldwide (the bulk coming from Asia), with the principal categories consisting of furniture, decorative accessories, dining and kitchen goods, bath and bedding accessories, and seasonal items.
and Canadian stores are typically freestanding units of about 7,500 square feet located near major shopping centers or malls. units are known as “The Pier ” and the operations in Mexico and Puerto Rico consist of “store within a store ” outlets in Sears stores. The vast majority operate under the Pier 1 Imports name, while the U.K.
states, two Canadian provinces, and in Mexico, Puerto Rico, the United Kingdom, and Japan. is a leading specialty retailer, operating more than 800 casual home furnishing stores in 48 U.S. NAIC: 442110 Furniture Stores 442299 All Other Home Furnishings Stores 453220 Gift, Novelty, and Souvenir Stores
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