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Pier 1 Imports announces layoffs and store closings
Blogging Stocks ^
| February 5, 2009
| Zac Bissonnette
Posted on 02/05/2009 3:06:51 PM PST by NRG1973
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To: NRG1973
Restructuring leases is an important step in turning around the company and the timing is good since if Pier 1 closes stores, landlords will have a hard time finding new tenants. Rents going down - prices follow, then more rents, and more prices...
21
posted on
02/05/2009 5:45:18 PM PST
by
GOPJ
(What's caused 19 deaths, makes travel difficult, and won't melt til April? Global Warming.FR:Dentist)
To: Diana in Wisconsin
The next part of the economy that’s going to take a big hit is the loss of revenue and tax dollars for cities from all the strip malls that will be standing empty within 12 months or so. People are moving in with "mom and dad" too - the apartment markets' going down too.
22
posted on
02/05/2009 6:29:06 PM PST
by
GOPJ
(What's caused 19 deaths, makes travel difficult, and won't melt til April? Global Warming.FR:Dentist)
To: GOPJ
I don’t think there’ll be a sector or a person left untouched by this economy. :(
23
posted on
02/05/2009 6:57:33 PM PST
by
Diana in Wisconsin
(Save The Earth. It's The Only Planet With Chocolate.)
To: NRG1973
Dang! I've loved Pier One since the day the chain opened. Contemporary styles of everything and good quality goods.
I've got one north of me and one south of me.....and I'm hoping both are not gone with the wind some one of these days.
Leni
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