Pier 1 Imports is the latest retailer to shutter hundreds of stores nationwide amid plunging sales. The home goods retailer said it plans to close almost half of its stores in the U.S., according to a Securities and Exchange Commission filing on Monday. Texas-based Pier 1 also will close some distribution centers, slash corporate expenses and lay off corporate employees. “Fiscal third-quarter sales and margins remained under pressure” as the retailer sought to clear out
source https://therealdeal.com/2020/01/06/pier-1-imports-to-close-450-stores-across-us/
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