Tag: Holiday sales

Pier 1 to Close Half of its Stores, Bankruptcy Rumors Persist

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 […]