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Tag: persist

Pier 1 to close nearly half its stores as bankruptcy rumors persist

Pier 1 Imports¬†on Monday said it intends to shut up to 450 locations, or almost half of 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 no exception. Its third-quarter loss widened from a year …

Pier 1 to close nearly half its stores as bankruptcy rumors persistRead More

Best Buy and Target persist as other retailers lose to Amazon

A Target store in Culver City, California. Mark Ralston | AFP | Getty Images A lot of traditional retailers will lose in the battle against Amazon, David Berman, founder of Durban Capital, said Friday on “Squawk Alley.” But Target and Best Buy seem safe for now. “You are seeing outliers like Target and Best Buy,” …

Best Buy and Target persist as other retailers lose to AmazonRead More