Pier 1 Imports announced to their store teams that In addition to closing all Hawaii and Alaska stores, half of their Regional Managers and Territory Directors would be let go effective December 7th. This leaves approximately 42 Regional Managers and only 4 Territory Directors o cover the remaining US locations. Expect several more store closing announcements after the upcoming quarterly investors call.
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This was the first 'real' sign that things will end up in a bankruptcy