Pier 1 Set To Close 145 Stores, Is Lubbock One Of Them?
Citing weak holiday numbers, Pier 1 announced that they would be closing up to 145 stores across the country.
From Market Watch:
“The store closure number could increase to up to 15% of stores if the company is unable to achieve performance goals, sales targets, and reductions in occupancy and other costs,” management disclosed Wednesday.
The company has started some new initatives that are said to strengthen the company by 2021.
No official store closing list has been announced yet, and the local Pie 1 Store on Milwaukee has had no comment on the store closing.
If we hear anything else, we will let you know.