Pier 1 Closing 450 Stores, Planning Bankruptcy Filing

Like clockwork, once the holiday shopping season ends, the store closure announcements begin. The latest participant in the ongoing retailpocolypse is Pier 1, which announced plans yesterday to close up to 450 stores as it weighs a Chapter 11 bankruptcy filing. Pier 1 currently operates 942 stores, so the closures represent a nearly 50% reduction […]
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