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Pier 1 Imports closing nearly half of stores as sales falter
AP via WPXI ^ | January 6, 2020

Posted on 01/07/2020 4:19:53 AM PST by rightwingintelligentsia

FORT WORTH, Texas — 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 would occur, but it operates stores in the U.S. and Canada. Pier 1 also plans layoffs at its corporate headquarters in Fort Worth, Texas.

There are seven Pier 1 locations in the Pittsburgh area. We’re working to find out if any of those are on the closure list.

The company didn’t say how many workers will be impacted.

(Excerpt) Read more at wpxi.com ...


TOPICS: Miscellaneous
KEYWORDS: amazon; brickandmortar; business; canada; economy; fortworth; pier1; retail; texas
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1 posted on 01/07/2020 4:19:53 AM PST by rightwingintelligentsia
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To: rightwingintelligentsia

Brick and mortar is hard. Amazon et al is easy and you get a better choice at a lower price.


2 posted on 01/07/2020 4:22:02 AM PST by Vaquero ( Don't pick a fight with an old guy. If he is too old to fight, he'll just kill you.)
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To: Vaquero

The problem with Amazon is all the junk from third party sellers.


3 posted on 01/07/2020 4:26:28 AM PST by Moonman62 (Charity comes from wealth.)
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To: Moonman62

Best to look at the comment section always.


4 posted on 01/07/2020 4:29:11 AM PST by Biggirl ("One Lord, one faith,e one baptism" - Ephesians 4:5)
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To: rightwingintelligentsia

I haven’t been in a Pier 1 in years. Do they sell anything NOT made in China?


5 posted on 01/07/2020 4:33:40 AM PST by mewzilla (Break out the mustard seeds.)
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To: Moonman62

Caveat emptor. Know what you’re buying. I return lots to them. Free shipping always, with my ‘Prime’.

I’ve found stuff I didn’t know existed. And bought it. And enjoyed those products. If you can imagine it, someone made it.


6 posted on 01/07/2020 4:33:53 AM PST by Vaquero ( Don't pick a fight with an old guy. If he is too old to fight, he'll just kill you.)
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To: rightwingintelligentsia

Because younger people arent into the granny knick-knacks, and decorations made for suburban mcmansions, that they sell.

If you need a fake wine crate or whatever, you can buy it from the Goodwill for far less.


7 posted on 01/07/2020 4:38:19 AM PST by VanDeKoik
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To: mewzilla

I never go there, everything is overpriced


8 posted on 01/07/2020 4:38:38 AM PST by SMARTY ("Nobility is defined by the demands it makes on us - by obligations, not by rights".)
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To: Vaquero

Amazon = ChiCom store front.


9 posted on 01/07/2020 4:40:11 AM PST by central_va (I won't be reconstructed and I do not give a damn.)
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To: rightwingintelligentsia

OH MY GOD!


10 posted on 01/07/2020 4:40:41 AM PST by angcat (THANK YOU LORD FOR PRESIDENT TRUMP!!!!!)
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To: angcat

My favorite store. Beautiful decor.


11 posted on 01/07/2020 4:41:31 AM PST by angcat (THANK YOU LORD FOR PRESIDENT TRUMP!!!!!)
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To: mewzilla

It bothers me as well that some here will not take the time to consider buying in their communities first, even if it means paying a higher price because it is brick and mortar.

This is one of the reasons why the big cities have a disproportionate share of the vote and why the cities were able to have their votes become more important than less urban areas.


12 posted on 01/07/2020 4:43:09 AM PST by Jonty30 (What Islam and secularism have in common is that they are both death by cultsther)
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To: SMARTY

I stopped going there because it was overpriced crap.

And I will never understand big biz’s fixation with youth. Young’uns have less money and less room for crap. And brand loyalty ain’t what it once was.


13 posted on 01/07/2020 4:43:55 AM PST by mewzilla (Break out the mustard seeds.)
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To: Vaquero

My wife and I pretty much lived by Costco. When we moved from Seattle to the sticks in central KY we went from having several Costcos within a half hour or less from our home to the nearest one being 90 minutes away. We still shop there, but we have to plan a little better.

But then we discovered Amazon and Prime. It took me a couple of years to figure out that though Costco had good stuff, Amazon had it in spades - with reviews. We still have the membership, but one of the driving factors is that we’ve been members since 1988, and in KY that is perceived as before the dawn of time.

And then I learned that my daughter that lives in Seattle no longer even goes to the grocery store. She does ALL of her shopping online, visiting food stores only when she’s already out and about and needs something odd.

That discovery, for me, was like, in the late 90’s, being at my daughter’s varsity high school basketball practice and seeing tons of CD’s and CD players scattered on the bleachers and noticing that every single one was home recorded - and what that meant for the recording industry.

I think a critical mass day is coming, where shopping malls are going to start closing en-mass. And most other brick and mortars as well. The only thing left will be stuff people can walk to from their home, or congregate, or need to be supplied locally and face to face (starbucks, nurseries, barber shops, ephemeral goods). And once tech allows reliable “work from home”, well that exacerbates the situation.


14 posted on 01/07/2020 4:44:10 AM PST by cuban leaf (The political war playing out in every country now: Globalists vs Nationalists)
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To: mewzilla

Young’uns have less money and less room for crap. And brand loyalty ain’t what it once was.

They spend what they have on eating out. No cooking and no home love or decor. At least from what I see. Not all I’m sure.


15 posted on 01/07/2020 4:45:32 AM PST by angcat (THANK YOU LORD FOR PRESIDENT TRUMP!!!!!)
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To: VanDeKoik

LOL. Nailed it.


16 posted on 01/07/2020 4:45:45 AM PST by Obadiah (Kill the deep state or lose the Republic.)
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To: Vaquero

Some third party products are good, but the junk makes search difficult.


17 posted on 01/07/2020 4:49:58 AM PST by Moonman62 (Charity comes from wealth.)
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To: Jonty30
It bothers me as well that some here will not take the time to consider buying in their communities first, even if it means paying a higher price because it is brick and mortar.

Dude, do NOT go there with ME. Buying in my retail wasteland of a community?

SNORT.

Pard, I literally cannot do that most of the time thanks to choices my local retailers have made. For instance, nobody around here stocks tall women's clothing? What do you want me to do. Run around in high water pants? If a local retailer wants my biz, they can carry what I want or need at a price I'm willing to pay. And on price I am fortunate enough to be flexible. But if they don't have what I want or need in the first place and/or are charging an insanely markup, I'm damned if I'll settle for less when I can easily get it elsewhere.

18 posted on 01/07/2020 4:52:30 AM PST by mewzilla (Break out the mustard seeds.)
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To: cuban leaf

Yeah. I’m in a busy area. Have two Costco within 10 or so minutes from me. Found that some stores don’t have everything I’m looking for. I go to the one for gasoline and a certain nitrates tree ham and another because it is closer. (The town that has no gasoline bans it there for some reason)

I buy groceries myself. I want to buy fresh good looking produce and meat. I pick and chose.

I can’t eat wheat and found a very good rice pasta at Amazon. So I do buy some foodstuffs there. On Gluten free flour I find it’s considerably cheaper at the grocery store than amazon. So like everything else you have to be a smart shopper.


19 posted on 01/07/2020 5:01:15 AM PST by Vaquero ( Don't pick a fight with an old guy. If he is too old to fight, he'll just kill you.)
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To: cuban leaf

We have a Costco in Evansville, not that impressed with them. I like Sam’s Club better. The brick and mortar stores are on the way out, Amazon has made a huge change in that. I never could understand the pull of Pier 1, it’s all crap to me. I guess I never felt the need to buy stuff to just set it around and then I have to dust it. It was all faddish, and I never had the money for fads.


20 posted on 01/07/2020 5:07:06 AM PST by southernindymom
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