Pier 1 Imports’ stock tumbles as retailer’s sales come in short of expectations

Pier 1 Imports saw its stock tumble more than 10 percent Thursday morning after the retailer reported a smaller-than-expected loss but revenue that fell short of expectations. Like many other retailers, Pier 1 has been struggling to adapt as more shoppers opt to ring...

One-time investing legend on his fund’s abysmal performance this decade: ‘Life is not smooth’

The top mutual-fund manager of the 2000s has lost billions in assets this decade, and is now betting big on Sears to spark his comeback, one of the hardest-hit stocks of the 2010s, the Wall Street Journal reported Thursday. Bruce Berkowitz’s Fairholme Fund has...