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

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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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