Pier 1 To File Bankruptcy & Close 450 Stores (RTD Quick Take)

Pier 1 To File Bankruptcy & Close 450 Stores (RTD Quick Take)

Pier 1 Imports on Monday said it intends to close up to 450 locations, or almost half its fleet of 942 stores, as it unexpectedly reported quarterly earnings amid bankruptcy rumors. Pier 1′s losses have been mounting, as its sales decline. And this latest quarter was...