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Gordon Reid opened the first Giant Tiger store, on George Street in Ottawaâs Byward Market, on May 13, 1961, with a $15,000 investment. First-year sales of $139,781 were far lower than Reid had anticipated, and by the end of 1962 he decided to close the store.
Get Unlimited Digital Access Your first month is less than a dollar. $0.99 for first 4 weeks Subscribe Now. Pier 1 Imports on Monday named Alasdair James to be the Fort Worth-based home furnishings retailer's new president and chief executive officer. James, 46, joins Pier 1 from Kmart where he's been president since August 2014. Prior to joining Sears Holdings, which owns Kmart, James spent six years with Tesco PLC, a British-based multinational grocery and general merchandise retailer.