Pier 1 loses $36.9M

Pier 1 loses $36.9M

There are 20 comments on the Furniture Today story from Dec 24, 2008, titled Pier 1 loses $36.9M. In it, Furniture Today reports that:

Pier 1 Imports reported a 17.8% same-store sales decline in the fiscal third quarter ended Nov.

Join the discussion below, or Read more at Furniture Today.

Michael J Dupey

Dallas, TX

#1 Jan 2, 2009
My name is Michael J. Dupey founder & creator of Michaels Arts & Crafts,a 4 Billion, 1000 store entity which began in Dallas in 1968. The chain was sold in 1983 to Sam Wiley. I had to bail him out of trouble 3 times. He came out OK sold the chain for 6 Billion 2 years ago.
I have watched Melvin and his Pier 1 for 25 years it never got any better. Today I read about their 38m loss and I read the salaries being paid. I offered to give Alex a hand 2 years aago. This time I am going to offerr him a deal. My salary $100,000 per year plus a percentage increase of the net sales, and net profit. We will see the outcome. Thank you. It is never to late to change.
Michael Dupey
Who Dat

Bluffton, SC

#2 Jan 2, 2009
Melvin? Who is he? Do you mean Marvin Girouard?
Michael J Dupey

Dallas, TX

#3 Jan 3, 2009
YES THAT IS HIM, MARVIN, THE ONE AND ONLY.
Freeatlast

Farmington, NY

#4 Jan 4, 2009
Michael J Dupey wrote:
My name is Michael J. Dupey founder & creator of Michaels Arts & Crafts,a 4 Billion, 1000 store entity which began in Dallas in 1968. The chain was sold in 1983 to Sam Wiley. I had to bail him out of trouble 3 times. He came out OK sold the chain for 6 Billion 2 years ago.
I have watched Melvin and his Pier 1 for 25 years it never got any better. Today I read about their 38m loss and I read the salaries being paid. I offered to give Alex a hand 2 years aago. This time I am going to offerr him a deal. My salary $100,000 per year plus a percentage increase of the net sales, and net profit. We will see the outcome. Thank you. It is never to late to change.
Michael Dupey
Oh. You are THE Mike Dupey, son of Michaels founder? THE Mike Dupey who split from daddy to form MJ Designs? THE MJ Designs that finally went out of business in May of 2003?

Who bailed YOU out? Oh, yeah.....NO one. You couldn't bail anyone out.

And it's MARVIN. Not Melvin. And MARVIN was not CEO for 25 years.

We know your post is an attempt at sarcasm, but surely you can do better than that!
mra

Louisville, KY

#5 Jan 7, 2009
Bless your heart Mike, have you considered therapy and/or medication. 30+ years ago, Mr Girouard was a buyer for P1, he was the one to introduce the Papasan to the Pier. He is a very nice man and a good CEO, so was/is Mr Johnson. Pier 1's problems started when the managers had their control striped by Regionals, Divisionals, Visual Merchandisers etc... Also running off tenure was a large mistake.
freeatlast

Farmington, NY

#6 Jan 7, 2009
mra wrote:
Bless your heart Mike, have you considered therapy and/or medication. 30+ years ago, Mr Girouard was a buyer for P1, he was the one to introduce the Papasan to the Pier. He is a very nice man and a good CEO, so was/is Mr Johnson. Pier 1's problems started when the managers had their control striped by Regionals, Divisionals, Visual Merchandisers etc... Also running off tenure was a large mistake.
You're correct about eliminating tenure. But that's a cost cutting measure with ALL corporations.

Mr. Girouard was a nice person. He was NOT such a good CEO. Much of PIR's troubles began under his watch and as a direct result of some of his strategic "vision" about what he thought the company should become.

Be very clear about one thing: Regionals and divisionals don't sneeze without the tacit blessings of the CEO and board of directors.(Visuals didn't matter. They were just pawns in the game and had no "power".) Regionals/divisionals do not make policy or create strategy. Period. The execute the plans from above.

And in PIR's case those plans, beginning with Mr. Girouard, have been a disaster.

As for Johnson, he was in a league different that Girouard. He was aloof and distant, and was ultimately nudged out by Girouard and his posse. He also supposedly left to nurture health issues.

Be not deluded! The boat has left the pier. Pirates are waiting just beyond the horizon.
Former MJD employee

Dallas, TX

#7 Feb 20, 2009
I worked as a manager for MJD for a number of years, and I would like to comment to M. Dupey.

Micheal, did you know you were nothing more than the butt of jokes at MJD? You were extravagant, and quite an emabarassment when you were not on your meds and you made rounds at the stores. I remember a time when you and your wife wore cow outfits to a social event. Funny? Hardly, more like stupid. And then showing up at Vernon's funeral drssed the way you did? Have you know compassion and decency to honor one of your loyal friends and emplyees? Nope...no class whatsoever. Your company was failing and everyone knew it but you. You were so into yourself and off your meds you never saw it until it was too late. You got what you deserved. You should be more worried about saving your reputation rather than trying to help others. Stay on your meds and live your life out leaving everyone else alone and keeping your opinion to yourself.
Food for thought

AOL

#8 Feb 22, 2009
I agree with MRA. One of the biggest blunders the company made was stripping the Managers of control in thier stores. A company that is as diverse as Pier 1 should never have been micro managed nor made into the cookie cutter format of today. Our success was based on our ability to merchandise to our individual customer base. Pier 1 was a place to discover, each store had its own feel. I do not agree that Marvin was a good CEO. He was an ego maniac. Clark Johnson on the other hand was an excellent CEO, who was run off by Marvin. I personally have seen many good Managers removed from the company who had strong sales gains, but they were faulted for not following "Pier 1's plan". Seems to me that the company tossed out sales gains,in its quest for uniformity. Or as the old folks say "they tossed out the baby with the bath water". I can't say that I am glad that I am no longer there, that would be a lie.
Ajz

Lewisville, TX

#9 May 4, 2010
I heard today that mike dupey hung himself after the finalization of his divorce. Who was the president or CEO of Mjd before the company was going south?
In the business

Dallas, TX

#10 May 5, 2010
sad but true. story on him on dallasnews.com
alpha

United States

#11 May 6, 2010
Is it true that Mike Dupey took his own life?
ADupey

Denver, CO

#12 May 8, 2010
alpha wrote:
Is it true that Mike Dupey took his own life?
Yes, he did. As his niece I am pained by some comments above prior to his death. Yes, he did have same personal issues and could have had more help than had been accepted and/or given. In my opinion however, it is best to keep hurtful comments off the web. There are better ways to express displeasure on a personís actions and choices on management then attacking their personal lives.
ADupey2

Scottsdale, AZ

#13 May 16, 2010
Thank you ADupey! So true!
Ally

United States

#14 Dec 15, 2010
Wow
I never knew Michael, and in reading the previous comments before his death, I was thinking how harsh the comments were in an online forum about someone who probably has kids who would probably read this forum one day.

It is true what they say- If you do not have anything nice to say, do not say anything at all.
Obviously he was reaching out to someone here to be validated, and all he got was what was above?
I think it is ok to say, well you probably were not the best leader, but you were good at xyz, but to rip someone to shreds by telling them they were the butt of jokes? it's rather unbelievable.
I sincerely hope you are all ashamed of yourselves.

I actually researched the day of his death and sure enough it was not long after these comments here. I can tell you that I would have been ashamed of myself if I in anyway contributed to the demise of someone else.

Consider this for a second- would you like to be written about in that way by anyone especially online? Isn't this the same behavior seen in grade school children who tease and ridicule their peers for not 'fitting in'. How about if it were your child being treated that way- I'm sure you would be furious- even if he were not the 'best child' you'd want to protect him. Do you know that 'bullying' damages people just as surely praises build people up?
It would have been nice and even noteworthy to see the same trash talkers come here and say a few good words about a man they obviously knew well.
May his soul rest in peace.
Ally

United States

#15 Dec 15, 2010
Freeatlast wrote:
<quoted text>
Oh. You are THE Mike Dupey, son of Michaels founder? THE Mike Dupey who split from daddy to form MJ Designs? THE MJ Designs that finally went out of business in May of 2003?
Who bailed YOU out? Oh, yeah.....NO one. You couldn't bail anyone out.
And it's MARVIN. Not Melvin. And MARVIN was not CEO for 25 years.
We know your post is an attempt at sarcasm, but surely you can do better than that!
Want to say a few good words? the silence is deafening
Ally

United States

#16 Dec 15, 2010
Former MJD employee wrote:
I worked as a manager for MJD for a number of years, and I would like to comment to M. Dupey.
Micheal, did you know you were nothing more than the butt of jokes at MJD? You were extravagant, and quite an emabarassment when you were not on your meds and you made rounds at the stores. I remember a time when you and your wife wore cow outfits to a social event. Funny? Hardly, more like stupid. And then showing up at Vernon's funeral drssed the way you did? Have you know compassion and decency to honor one of your loyal friends and emplyees? Nope...no class whatsoever. Your company was failing and everyone knew it but you. You were so into yourself and off your meds you never saw it until it was too late. You got what you deserved. You should be more worried about saving your reputation
rather than trying to help others. Stay on your meds and live your life out leaving everyone else alone and keeping your opinion to yourself.
Feeling good about yourself now that he is dead? I hope no one will ever speak this way about you online for your family and friends to see.
really

United States

#17 Dec 18, 2010
Before you all get too self righteous- Yes it' tragic that he died. But don't chastise people for speaking the truth or worse, whitewashing a persons life so everyone feels more comfortable.
Ally

United States

#18 Dec 20, 2010
'Self-righteous' for saying to try to be nicer to people? Wow, then I'll happily be self righteous. It's clear to me that you are not a christian. I do not always do the right and I would love for someone to point out when I'm wrong.

The comments I saw above were uncalled for. If you want to tell someone what you think of them- do it in private.

You do not need to 'white-wash' anyone's life. You just need to keep your scathing opinions to yourself.
People's lives are fragile- some more than others; so you can either choose to be helpful or harmful.

Act responsibly, so your kids/family can be proud you.
Kay M

Houma, LA

#19 Jan 1, 2011
I am heart broken! I just found out about the loss of Mike. I worked for him for fifteen years and can assure anyone that he was fair and just to all his employees. My heart goes out to Patty, Todd and Melissa. Until you have walked in the shoes of someone who suffers from Bi-Polar, be careful how you judge.
Wayne and Cynthia

Honey Grove, TX

#20 Jan 17, 2011
Dearest Patty, Todd and Melissa
We are so saddened to hear of Mike's passing. Since we have moved three times since we lived next door unfortunately we lost contact as all phone numbers changed.

Mike was one of the most talented men in his profession. His relationships were so often generous beyond measure and occasionally difficult.

To show you what he was like he once owned a fiberglass, red Viper and once when he went to the grocery store a young man, learning to drive with his Mom, accidentally bumped into the Viper. With a fiberglass body the repairs were immense. Shortly after that he sold that car because he never wanted anyone else to have to repair such an expensive car...and, by the way, he took care of the repairs himself.

We loved you Mike. Please family look us up in Van Alstyne, TX if possible or facebook.

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