The Globe’s stars and dogs for the week GlobeInvestor
Favourite memories of Pier 1 Imports: 1) the time you bought that big, round wicker chair in college; 2) the time you bought a set of wicker storage baskets for your first apartment; 3) don’t have any other memories of shopping there. The furniture retailer had been struggling for years amid growing competition from other chains and online merchants, prompting the company to file for bankruptcy protection in February.
3-billion – which follows last month’s decision to suspend its dividend – online travel booking company Expedia said cancellation rates have stabilized and demand has started to recover slightly in May, giving its depressed stock a lift. “I’m pleased to say, though I would not get overly excited about it, that we’ve seen nice growth coming into May,” chief executive Peter Kern said on the quarterly conference call. Expedia investors got excited anyway, sending the stock higher.
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