Pier 1 Imports plans to close more stores

News

Things aren’t getting any better for Pier 1 Imports.

The home decor and furniture store announced Thursday it’s closing 12 more stores this year.

In April, the company announced it was closing 45 locations.

In the first quarter, Pier 1 posted a loss of $81.7 million, which was substantially larger than the $28 million loss it posted in the same quarter a year ago.

The interim CEO says if the company’s turnaround plan doesn’t work, it could close even more stores.

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