Pier 1, less 125

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Pier 1 has disclosed plans to cut as many as 125 underperforming stores as a cost-cutting maneuver. The retailer is not yet declaring any store closings (and Timely Demise hesitated posting this news item); instead, it is entering into "negotations for rent reductions" that may lead to the closings. Pier 1, which had been struggling prior to the financial crisis, is making cuts to staff and distribution facilities as well.

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Timely Demise tracks the retail industry as it changes with our unprecedented economic environment. Published by David Wertheimer. Did I miss something? Drop me a line.

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This page contains a single entry by David Wertheimer published on February 5, 2009 7:18 PM.

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