Pier 1 Explains What Went Wrong and Considers Closing Stores After Disappointing Sales
Pier 1 presented a new action plan to right the ship after sales tanked 19% in its fourth quarter. In addition to mulling over closing up to 15% of its stores, the home décor retailer was candid about what went wrong and how it plans to fix costs, decision-making, and its relationship with its core customer.