As of Feb 25, 2017, Pier 1 Imports operated 1,018 stores, comprised of 941 stores in the US and 77 stores in Canada.

In fiscal 2017, the company opened 7 stores in the US, and closed 19 stores in the US and 2 stores in Canada. The company expects to close approximately 20 to 25 net stores in fiscal 2018.

All stores are leased, most with primary terms of 10 years, with varying renewal options and rent escalation clauses. Stores consist of freestanding units located near shopping centers or malls, and in-line positions in major shopping centers. Stores average approximately 9,800 gross square feet, including an average of approximately 7,900 square feet of retail selling space.

TTM20172016201520142013
Stores1,0181,0181,0321,0651,0721,062
Store growth-1.4%-1.4%-3.1%-0.7%0.9%1.0%
Total gross square feet (M)9,9139,91310,25610,53310,59010,474
Total gross square feet growth-3.3%-3.3%-2.6%-0.5%1.1%1.1%
Avg store gross sq ft9,7009,7009,9009,9009,9009,900
Avg store gross sq ft growth-2.0%-2.0%0.5%0.1%0.2%0.1%