Pier 1 gets restraining order on TJX

Fort Worth, Texas – Pier 1 Imports said it has obtained a temporary restraining order against The TJX Companies, “enjoining TJX from filing any judicial proceeding or lawsuit against Alexander Smith, other than making a claim for arbitration with the American Arbitration Association.”

Pier 1 has hired Smith as chairman and ceo, effective Feb. 19. At TJX, he was serving as senior exec vp, group president on the day the hiring was announced, Jan. 30.

Pier 1 had filed suit on Monday, Feb. 12 “to prevent further interference by TJX with the employment of Pier 1's new president and ceo, Alex Smith.” A Pier 1 executive committee member, Tom Thomas, said Pier 1 “is not a competitor with any of the TJX companies.”

Home & Textiles Today Staff | News & Commentary

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HTT Cover October 2017

See the October 2017 issue of Home & Textiles Today. In this issue, we look at the Top 25 Online Retailers.  H&TT's exclusive annual ranking of the biggest online sellers of home textiles finds that while pure play etailers continue to fly, bricks & clicks are digging into omnichannel. See details!