As of Jun 2, 2018, Pier 1 Imports operated 997 stores, comprised of 924 stores in the US and 73 stores in Canada.
In fiscal 2018, the company opened 2 stores in the US, and closed 15 stores in the US and 2 stores in Canada. The company closed 6 stores in the first quarter of 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 10,000 gross square feet, including an average of approximately 7,900 square feet of retail selling space.
|Total gross square feet (M)||9,847||10,043||10,043||10,256||10,533||10,590|
|Total gross square feet growth||-0.9%||0.9%||0.9%||-2.6%||-0.5%||1.1%|
|Avg store gross sq ft||9,900||10,000||10,000||9,900||9,900||9,900|
|Avg store gross sq ft growth||1.0%||2.4%||2.4%||0.5%||0.1%||0.2%|