PIER 1 IS PLANNING TO SHUT ITS STORES

Highlights

• The company is shutting almost 50% of its stores. 
• HomeGoods, Wayfair, Target and At Homestand to benefit, according to an analysis by Telsey Advisory Group. 

Pier 1 company declared that it plans to close up to 450 locations, or almost half its fleet of 942 stores, as it surprisingly reported quarterly earnings amid bankruptcy rumors. Some stores have a....