Trending Stocks - Breakout To New Highs: Pier 1 Imports (PIR)

When shoppers fish for furniture and decorative accessories, Pier 1 wants to be sure they catch something. The company sells about 4,000 items (imported from more than 50 countries) through some 1,090 Pier 1 Imports stores in the US and Canada. Pier 1 stores offer a wide selection of indoor and outdoor furniture, wicker, lamps, vases, baskets, ceramics, dinnerware, candles, and other specialty products. Many of the products are handcrafted; the company favors natural materials, such as rattan and wood. To stay afloat, Pier 1 Imports has been closing stores and has shuttered its Pier 1 Kids chain. Pier 1 also sold its proprietary credit card business to JPMorgan Chase for $155 million.