Wednesday, June 3, 2020

Here’s who will benefit from Pier 1 liquidation

Chain Store Age
It’s not just the obvious suspects — namely Walmart and Target — that have the potential to benefit from the liquidation of Pier 1 Imports.

Home Goods and Bed Bath & Beyond both have a powerful opportunity to leverage Pier I closures, according to a report by foot traffic analytics firm Placer.ai. The report noted that cross-shopping patterns can be especially important for a brand like Pier 1, which shows a strong element of being part of a ‘multi-trip’ journey, with 30% of its shoppers are coming from another retailer directly before visiting a Pier 1, while over 33% visit one immediately after. . . . more