Pier 1 Papasan

Papasan Brown Stool Pier 1 Imports

“Charles Tandy and Luther Henderson opened the precursor to Pier 1 shops in 1962 under the name Cost Plus. Henderson was serving as treasurer for Tandy’s burgeoning Tandy Corporation, which became best known for its Radio Shack chain. Pier 1 was inspired by the owner of a rattan furniture importer and wholesaler in San Mateo, California, who was having credit problems. To help liquidate costly inventory, the shop owner opened a liquidation outlet in 1958 called Cost Plus. Impressed by the shop’s success, Tandy offered the owner of Cost Plus a loan to start a retail Cost Plus outlet. At the same time, Tandy secured the rights to open and operate additional stores under the Cost Plus name. ”

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