When we saw that Pier 1 Imports is offering to buy competitor Cost Plus for $81 million, we have to admit that confusion set in.As much as we like the Cost Plus stores (Where else in the suburbs can you pick up Pinot Noir, Sriracha and a fancy chair under one roof?), the timing of this deal seems a bit off.Though Pier One, which has been hit hard by the housing crash and competition from discounters, seemed to be turning things around during its latest quarter, a Forbes article points out that analysts and investors are skeptical as to if now is the time for the chain to pursue acquisitions.Or are we and others not seeing what Pier 1 has to gain from such a deal?
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
