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Pier 1's Interim CEO Turned Around Popeyes. Can She Do It Again?
- Bachelder has yet to announce her plan for struggling retailer
- With shares below $1, company risks being taken off the NYSE
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Cheryl Bachelder’s first month and a half leading Pier 1 Imports Inc. hasn’t been an easy one.
Just one day after she was named interim chief executive officer of the struggling retailer, Moody’s Investors Service changed its outlook on the company to negative; S&P followed suit the very next morning. And with shares closing below $1 every day since her appointment in late December, Pier 1 is now in danger of being taken off the New York Stock Exchange.