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According to the Wall Street Journal's Heard on the Street column, (subscription required), Pier 1 Imports has canceled its annual clearance sale due to lack of stock in inventory. The limited ...
Pier 1 Imports. 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 Exchange under ticker PIR. [4]
Home goods chain Pier 1 Imports saw shares tumble into the double-digits as the late reporter delivered less-than-rosy sales figures for the recently ended quarter, along with same-store sales ...
A closeout or clearance sale ( closing down sale in the United Kingdom [1]) is a discount sale of inventory either by retail or wholesale. It may be that a product is not selling well, or that the retailer is closing because of relocation, a fire (a fire sale ), over-ordering, or especially because of bankruptcy. [2]
Pier 1 measured 840 by 120 feet (256 by 37 m), and had a warehouse measuring 840 by 100 feet (256 by 30 m), with a cargo capacity of 20,000 tons. Twenty (20) railway cars could be loaded on the racks that were on the pier, which was equipped with adjustable slips. In 1917, Pier 1 was equipped with then-modern waiting rooms and offices.
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.
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