Add Pier 1 Imports to the list of retailers struggling to adapt to the rise of e-commerce. After posting a dramatic drop in sales in the fourth quarter, the home goods giant said it might close as many as 45 stores in the coming year, according to BisNow. Pier 1 reported comp-store sales in its final quarter as down nearly 14% year-over-year. The company has already closed 30 locations due to dwindling sales, and will […]
source https://therealdeal.com/2019/04/27/pier-1-imports-could-close-up-to-15-of-its-stores-in-coming-year/
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