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Pier 1 Imports, Liberty Tree Mall, Danvers, Massachusetts (2012) Pier 1 Imports, Inc., is an online retailer and former Fort Worth, Texas -based retail chain specializing in imported home furnishings and decor, particularly furniture, table-top items, decorative accessories, and seasonal decor. It was publicly traded on the New York Stock ...
Linens 'n Things was a big-box retailer specializing in home textiles, housewares, and decorative home accessories. [2] Based in Clifton, New Jersey, the chain operated 571 stores in 47 U.S. states and six Canadian provinces, and had 7,300 employees as of December 2006. [1] The company's business strategy was "to offer a broad selection of high ...
List of Canadian retail closures (21st century) Throughout the 21st century, retail businesses in Canada have felt the pressures of foreign store expansions into the country, as well as a shift towards online retail. As a result, closures have been a mix of stores unique to the nation, as well as newcomers like Target Canada .
Pier 1 has been trying to declutter its stores, improve online sales and draw in younger customers. Last month, Pier 1 announced it would close 450 stores, including all of its stores in Canada.
Margins matter. The more Pier 1 Imports (NYS: PIR) keeps of each buck it earns in revenue, the more money it has to invest in growth, fund new strategic plans, or (gasp!) distribute to shareholders.
The pandemic has driven many familiar companies into bankruptcy, but most are trying to stay afloat. Not so Pier 1, which announced in May that it would liquidate and close all 540 of its home ...
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