Pier 1 To Slash 40% Of Its HQ Staff
- 4 years ago
Home goods retailer Pier 1 is planning to lay off about 40% of its headquarters staff, or roughly 300 people.
According to Business Insider, the company has also drafted a bankruptcy plan.
Pier 1 has been struggling to turn around its business following eight straight quarters of sales losses.
It's also faced mounting competition from retailers such as Wayfair and Walmart.
According to Business Insider, the company has also drafted a bankruptcy plan.
Pier 1 has been struggling to turn around its business following eight straight quarters of sales losses.
It's also faced mounting competition from retailers such as Wayfair and Walmart.