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Pier 1 First to Announce Big-Box Store Closures in 2020

COVID-19 recovery is on the horizon but the pandemic's impact on sustainability, retail, product development and consumer buying patterns means the denim industry must evolve. Join Rivet on April 20th at 11 am ET for the COVID, One Year Later roundtable.

Pier 1 is set to shutter nearly half its fleet, the home furnishings firm reported Monday. The struggling home goods retailer posted third-quarter results Monday documenting an 11.4 percent drop in comparable sales and a net loss of $59.0 million for the three-month period. Pier 1’s business update indicates plans to reduce its store footprint…

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