Pier 1 plans to shutter nearly half its stores

Pier 1 plans to shutter nearly half its stores

Texas-based furniture retailer Pier 1 Imports plans to close almost half its stores and slash jobs as it grapples with growing losses. The company said it will shutter up to 450 of its 936 stores and some distribution centers. Pier 1 has drafted a plan for bankruptcy that would shrink the company to one with about $900 million in yearly sales.

Simone
Simone
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