Pier 1 Imports to close half its stores as sales falter

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One thought on “Pier 1 Imports to close half its stores as sales falter

  1. So, one more high-priced equity firm executive whose only expertise appears to be closing – not rescuing – large retail chains. His track record at Marsh and Gregg speaks for itself – who would hire him again based on those? Funny how there’s never any mention of spending money or effort to recreate their brands with effective advertising and innovative marketing campaigns. Only shuttering stores, reducing inventory (giving consumers LESS opportunity to buy what’s in front of them), firing employees, and essentially retreating from the marketplace. The advent of these equity firm owners has been the most damaging force on retail – far worse than “The Internet” and Amazon.

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