Pier 1 to shut up to nearly half of its stores, raises going concern doubts

January 7, 2020 admin Business News Comments Off on Pier 1 to shut up to nearly half of its stores, raises going concern doubts

Home decor and furniture retailer Pier 1 Imports Inc said on Monday it plans to close up to almost half of its stores, cut jobs and warned about its ability to continue as a going concern in a tough retail environment.

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Source:: Reuters – Business News