The Obama/Pelosi/Frank/Dodd Depression.
We live in a bizarro world. (sigh)
I had no idea they were still in business
I think Pier 1 Imports’ business model is about 30 years out of date. At that time, having something “Imports” was unique. Now, well, ha, it’s ALL imported, if you count “Made in China” as “Imported”. So of course they’re taking a pounding. Why shop at Pier 1 when Wal Mart or Target has the same Made in China doo-dads for half the price?
Another domino falls in the commercial real estate bubble, which will make the sub-prime bubble look like child’s play...