
PALM DESERT, CA — Pier 1 Imports announced Monday it intends to reduce its store footprint by up to 450 locations and it will close certain distribution centers. The company also said there will be layoffs at the corporate level.
Pier 1's business update came as part of its financial results for the third quarter ended November 30, 2019.
Palm Desert is home to a Pier 1 at 72359 CA-111. The company also operates a distribution center at 3000 E. Philadelphia St. in Ontario. Details on closure locations have not yet been disclosed.
"Although decisions that impact our associates are never easy, reducing the number of our brick-and-mortar locations is a necessary business decision. We thank our team of hard-working associates for their commitment to Pier 1 and to serving our customers," said Robert Riesbeck, Pier 1's chief executive officer and chief financial officer.
To help manage the store closings, the company is using the services of a third-party liquidator.
Last fall, Pier 1 announced up to 145 store closings were possible in coming months.
Founded with a single location in 1962, Pier 1 Imports currently operates 936 stores in the U.S.
"palm" - Google News
January 07, 2020 at 07:18AM
https://ift.tt/35y5R5f
Pier 1 Announces 450 Store Closures: Palm Desert Uncertain - Palm Desert, CA Patch
"palm" - Google News
https://ift.tt/2WAayZw
Shoes Man Tutorial
Pos News Update
Meme Update
Korean Entertainment News
Japan News Update
0 Comments:
Post a Comment