Pier 1 Imports announced yesterday that it will close up 450 locations. This is almost half of its 942 stores. It made this announcement after it unexpectedly reported quarterly earnings amid bankruptcy rumors. Pier 1 has been losing more than its sales have been declining. This latest quarter was no different. The third quarter loss was larger than a […]
Tag: Holiday sales
Retailers are excited by the End-of-Year Trends that show more of the same.
The rise of ecommerce, the death of the mall, increased focus on fitness and family gatherings, as well as a better way of working have all been “upcoming” trends that have been discussed for several years. The pandemic has reduced a decade’s worth of possibilities to what was considered in March as a possibility to an […]