FORT WORTH, Texas (AP) — Pier 1 Imports is closing nearly half its 942 stores as it struggles to draw consumers and compete online. The home decor company said Monday it is closing up to 450 stores and will also shutter distribution centers. It didn’t say where the store closures wou...
The company said that a “reduction in corporate headcount” would accompany the store closures, but did not provide specific details on how many layoffs are expected. Pier 1 will also shutter distribution centers as part of its cost-cutting measures. “Although decisions that impact our associates...