Anthony Chukumba Home Quotations

I wouldn't say that there is a definite shift in how people are furnishing their homes and that's why Pier 1 is lagging. Pier 1 has made missteps in merchandising, in its store layout and advertising. It really could take a management shakeup to fix things now for Pier 1.

The biggest problem has been increased competition from retailers like Target. In my opinion, Target's home furnishing offerings are as good if not better than Pier 1's and more competitively priced,

New growth drivers are more of an issue for Home Depot than Lowe's. Lowe's domestically still has about half the sales of Home Depot. To some extent, Home Depot's growth opportunity is limited in the U.S. where it already has nearly 2,000 stores.