Thursday, June 27, 2019

Pier 1 Imports’ Q1 loss widens; ups store closures

Chain Store Age
Pier 1 Imports continued to bleed in the first quarter as its loss nearly tripled and its sales continued to slide.
Pier 1 ended the quarter with 967 stores, down 30 from the year-ago period. The retailer said it is looking to close some 57 locations in its current fiscal year, higher than the chain’s previous estimate of 45, which it gave back in April. . . . more