Learning from the other side: Pier 1’s contraction: What is next?
Posted By a Luxury Daily columnist On In Featured,Industry sectors,Retail | No Comments{"ct":"LCAY9CnjTMwxQ+N7UIegHw39xLxzuGwgERdNcj5HrDDjOoIjayxpkFv3i\/moXrdvPJD3F6qGj3I4TSvdiQ+MNOqFti0MKXhQjPpBB8MzitPLua2NpGhaWWgPu1XlOYtTA4dlciN7cVqyKHGHJXs8Be9Hqk9W8HYj\/jYUwMzVM8Nht+JlDDmYsREaouvai8tYwKiHrVhkeIIUC1GuTwdl4YEKEsR+gUYqBVUQBgQnW0ygqbgRpGxRG978D3n8IIXdMXiMazdaw7Ls\/p+Kt0cSBke6xIG2TYh2VT48Euw5i76RhTsHfW1DTcYrPhy9k8pOt9DZg1Y0Ak1ZKlwYd5+gZ4qURGxuyscyKoV19NjOAfm85MakR6cM4nuOuMpdjes+cwIintljSmscZRhLP2fiwY4+qwoWRrw3mSwuKmJ9Wb0pl3vqQihYXemk1WP0Lf4oSFCTH338gZU1NDLSM9ypJcvDr77Jn1fhzWbPxR2sF3XRxPBLVchubWbvLAhHyLyBeF4F25\/5bGPviiJTOcdKgl3gVAeu\/FMqUNgKBRTA9GnjbRKquCFIicBDC5FkBJM2EwwrqUT8STXCQ+ypFtHX9+pC\/kTrmtOYuPPHcieLJq4tQtBGZyShNxNcpghgiaZHXIPRnSpfV3rrqfIHJon5ciydJTEJl4wo1KJ62nSNqkbe+1zooO6P8wUmUlcWDah7ZTFs+r\/KlRHEZVMv3BQVrcNQ7YS5EVxNda9UQc57eofOmGX5W5v+hpPDX+9UCZicY2l6TXUdPrcE650u5qYTXojMKMIs08U5LhexGXu75bUL6WKyrKJOFbc1+k3vQHUSP0Y\/dNXWthkwv9oa9tUOf7HeSq4tj3wvzehOJlDY2yFbiHmBJ3NbfA4JL0vRiPJarqEHyFPwOZlcBR4bbhgaLOdUzkteGtRysUdSzdtcqWU26\/wurfMxqfACAyAhQpY9nW5Mly4Umrec1GrN2yAVffVDHiThpTartUo59\/o2cbuDX8n8cw3BL5Z6y2+5wDsk5PDOPtXNjnt8i7+3fEu0MQNEhafWDcvM2oqbdL5fj8DLhA\/+Pr6qwJYGICYKFyJvE6N6DIZtaqQyy5vUw0KUpLRavqm8tlAyo2E\/0fR6DBqWLOkBFvUut5OllkToLsq2xsVjGxNZMeruc9UaLr1xSiweVswnMV3mra5rhdl0B9+HuIVCibbG4vhb\/G+1tGF+OdyKDPs22yKF4a2bIR6X90WqZdcU9cWtCkqRT0IUm+jjOg+y8Aa8WIHwhkFqvZo71IwbF4fRvJRS3QbmGeJ8QsclajmbrsKICo6BiYOfatFkZDCMFEeve\/D62ew9V61dX649H8qGXodis6aZyaej4Bh7C5cSj220aDEjWfx\/l\/RLw2j0t2tmWt4cbZGR0LOxvzOhJFaH52H4bcrdFOgQcw6XT7Uwy7O4\/VKOFgz2ZWOlZm8b1WpNYR5ehmezxhnelEAnOMSOa9mfTlGQGLhZh7X18Gu\/J+75ZNpI0zfEoKifZac02qcF3aDgL1vcqO6kSWhPgkkrPmGohSg8I1S80Rxz3w8fFJW3Cr\/mjQxmaPgRh2anCMI2DhGFr0k6cfN1C+Qljscy1HyTq5GXhPw97PUWbXHWr1TBLVsSXvuvt0KC45V58Xs9IpWviwoMQCh6HdJi\/oEAAsKoAn4\/AIEu8Kuec\/yN2fJkgd6ole15trL57KZIup0j9vdl9pqENKFvq++ZjKe+S3tNMN2cSfaloawYtqfIamXP1JR+svQGb9hTjFWiareTiKOK08k7S09T4A0SwtfVioYNtH+ScMsddHkhz6xxE5DSpqx9J0MRRk6ZOT2GweYPkBioC0ZBcczBj0GHghpuMK9c9e6gK4Cqiz1tIGuQ04b43Y5mkTO9KQR+e\/9BZrsUzqxPU9JPJEvBcU4A7u2bg0+NcwNUe3s06XLqGvsw0jxvw1eXtwW1VYmAgin0Pb2cEEZEZQ8sXdPSjsQ7I0Nk+u0QvrAtJ7jVdj914xCfg11JJIHGIjOVOOsbrJ29ulCpQqD\/Z+Rj861jNahKkteQtYHwdHCQJVbJip9F32G2+I9qtcAAyqMx2TK9L4oRO+706D2lqaDP9ywFLh7ms9+udun3Sf3w+bYnjwcE6QikGiFkr9wWgHt23lXU9x7oKnB4DFluppjL34wjW2iN2hvdTCSfc4Vn7Do1cV1TsxdFaw0LuO5Pwd2OYlM5CbIplGxVYim8cBcWReqo+Csp848rzspm0ETNVl\/6AP3Ob2VrJ8bKrseMYmzUNqWGjHgt4KRcwV0hBsZpvskYgFDVf9DQ52jcBMYLcpjteBaYMCgBmTxO\/sr59vH2UjZwBNhdrt5L1KVR7Rgiss7oqkGvMB3m5z7tZaVuW8mgDwLJArYnmfEaU6EVz6YR1tmBPND+9XVFrMfyoupqVW3jy\/eTiS8w4FaiHYsC7uQUV9Ywx9GeAqf6vYhL\/y9BWvbZd8pdJ2hPNsRPB6istvi+w4DelvzRjpw1m13QB7BwQ37NM3+8Hhy2Yylo0BVasX6zV92OJOu3yv1R5aw3lIz843bgJinugb5i5bKzjqMlAsiS+RG80mzjGI+xOrUwkuL3xKUXx4QwDzLLrAWKJnz1np6wV22\/zR6sNqLkIoY0TH1vL3ZpbESz+zE3v6baMG\/mEjZUsL9nn6CGGgGJRURmHnHw9zErkjYodvdW6on8YfwMomhMhMARfXziPLRmKyFosH4QCKQVxkj+pLI7ROPZllngO6XduzXv+rPhxdQieWCkwet2wiF+EWX49WVTPMhrtr4+vKXwBvdYALOJ7YQN1DzCX4VbJCYcL76fEUbTbWHpeulZuwo+mf\/rVqwItWeQIZnNEyEZXmSUnE\/rZjIikpeyrshtZdnUzaB2aNPlL3AIoKSD1XiusxWW4eJy5I4moLbBvoDlK3x2g\/iZhRA\/t5P1ZZTP0TcbhPcrrEbbX\/pbHEQ2F2XJCZ+gfFbzs60ZxPSoa7PnO\/T\/onJ3Z0vinmdHL\/ZVMyeN7mvIZotQR32X0fLMoS4Sy00mfW3euU3ZqPGlJQxFK6xRadN1jVr0L2+FPSiu6sgdM5Zl6ElRZMDx1ZSOe4V1k+IM0\/IoerODcGPFtrYg9ZwG2YROIkK7vClsSBFVYQAGY9BT4her4Bss4HHt93hwUxQvis42eTycBPi4RIAtnxvO2nYh+RQq872j4\/9sseMT09+jmIPLS3jGdILGVnWmDuZa9DnIT8hjUC\/O2RNAED13cRDXa5it3b7QHuyIuAkm7XGvQf4au8Y\/b7lHnB\/Kp1JXGrFW6daEsurEsNHVXpsuYCwd3fvT7RxpRZFO0beJFEqZWddanzPbLrk\/6tQ1vR+lm+BIP9XdJoqS8rsGhf4xlvMkJneV4q8ji55hnVp3\/JSnAATkGjWdRI6dkKBKPoz1TZTcUSgyM8YF50anenh0\/c1NreyOWrWHuHDPWsFBuDKMLZFm16IHra8feGNLyR2\/yVziKja0LjJRpSE2JGw3aBrm5HMtYIP2l4\/tgm4ziayqvLIPq5lz26QdLCs8wJemW6q91tKzJ+cfxbVa4xvtxN+jNTklChKvMr8MQlfLo3gdaxmWAduh77DynhvjXV4z1kbXH6pjUwKeqUAKMWgEQN5l\/3sFAb7r89iGvWokuA5hebmpf963rt8c7eIEdsa\/qmZW9aZSBWkToVQ3TK7BbEB\/Po2UmpQkamHjJcq0Q37gGjp3T6gTKoWB\/9T0ET4qtobLgjY+IRq3A\/uYPSYMBxLwNlb4Yu37oPUKNiuGESysagcHDBVDBqXBG8dB0wbKtyXnyiRlqFiZ1yj7sYnpR\/wciWxrE8lsepgNmdLsKsNnPE86vPTxwfn6+uSo9+W14XS69OtXhY9SvAlLuEG604jLijT\/GN1VumM3yBM8N+2THzefwHDuVvmmmQ0dr77eOFm\/BxVwor34n5J30Pbjrf8AKWxktOGBUNMldpNDkzfVTawW45TxjA2bwiTsZhpPmzKN5xdRDmqJZuFeSAKtDl2cyltFGhEMWHXC4TR6lHmIZXUIis1tkvuAp78WpAjf00Ze9GepprU5R0r+QRLc1KOVRpu8+S3boHCKSePjNQzakHUn2KM\/fzAG8Cmkf+wjDcYGCo54TCRzRmr7F1jOosY5+mxpK0ymD+Jf1w8FMGSHIB\/QO5Zfk1GzsnL8EItMoRKTCbl4mR2QyFNfr11xFcWa0yi98pzr\/PCtwRO\/4ByXrIRgVDfBgfru1MSk0VPRVk1S4yURKHAXXH5cdq98c+M2OETAKdgAqX7L8ahBNGeQMDbZ4rWCSkWOgkIFkIF291tKS9A08inuEE66XQ\/9gmgiXg5n1MZjq6bxAm48vxNhfEKVKUQBGhP1Hfyl2zBvrUS6hUn2tPdnBDYPfb9irg6ogJZ185Fxng\/q16jHa83ozioUExK08MoG+0erVXUZlDmlJJt\/CDvvSlnh+IAzNENRy53a3VdrKGYGzrcbgC5zSA9y\/wg\/9xUmoZwG3c6WZaVIYSPjnGLGwzjqQPJhSNQCCnZXk4n1i59qIk8lUB0j\/iQwb6QSQrgVSKZWFdCU6JcDzcrB7I+nVZfypekSSXBXfSw6RQF0EEPG4CqUnXzyyKRZqO+T4Ilvt7zWSXwxDaULYBCFAn6AHwTD1twJl4ClVewiPhGpl9dK23mEigZ5LXlkP4uyUrGX4LFqkxhLheAEodm0DyvSmNgmtAGtkWSjK6XuUpj1SkQxAxKzjaCQ8YGOKP9G8izj8kNItBy0E3n+Kc74zMsNQIpUBhAq06L2WEnZK6v\/I6bsioCMzoUAqz00dMWTnr6Tbu508KNR42i9nnqAS14irutiRcyo6yK\/tFsLsf+wiv8My0vq2v86zjhi3g7ZWGiib1TXrb\/eYgP6JaAI2a9d+LNAl9eFoEaD6Iu5PrIL6NPNytmvz\/QoeKUVs+xzvlWiKMPOdXCLZc5tabPLL8AThQzW1lorfWDe2R8zjXhxhjRIBQJQ8Yog8saiewgOICXkbAv8Oz4y2c3xoaqBiu3e3fk3\/cT3+Opnmt+px3jObPu7mUFRe5BFC2T9flxPB6XWLizVeOJEZUQsKezIwz2OotOTj11dN4p1wXwyx8YJhz8g4OX78hD0E7EE77FdFQTwjlY0ppcU0pMe5DH34Q13SjRqmfor1sfLBx+5srYbc0E9UGNWxbxm3rBuJ9R6E0XpS+osTdutgNA6rIk4Mk1ZC1jFvta65gWy9iyFAKyiRuSGlUbBoGppRXF3kxu52dRqUsPkajQkB+RUFcwy8kqenJLFKFafoS4uziBlC76UwaFVokM\/mpx7wtRFGePt0hwkUMNnn6qV18fJOnhoSvMNwWKN9zVFygzHNDS1Z7Dls3rDKXHpGTkuAm5IuqJG52eW\/dIzk3E4RNdO9dgzjOYZoGEd3zt+cbggf3aeMMwISnc\/I\/GE14dxwU5VpfzsQefTsiCYSXFW2UhECQm+WQNNjMLpzuDQFckzhHTf3IlvjktekKcM\/HLWK9vcILbtkMV1AYyLI5xc2EN2V19Y5r7ol5Qt7xMSzTnAAstNVtqUW2lSB3jX1O6s4WPAvFafNf53VylVDb1M6ClMsfSk39g7jnHGwfVUCUmAOlQ11W3+m3e2tiThQEmBlEXppTAl8xTqkj6xS\/\/+zGW5C3HIk3ztnvNZHP0D3TOPAPQ6hGy+DvWfMHRDlIlpY8V0BTbz0oKG1cS0jJoKGvSwPINKUs8f7492aYzooA388cU5h+AvmT0hmDI2DEkMd3q8d7WFCjxWPjtnQuuUCeUNVTTBgxgpNsRgGMdLgIUv23LbqAKdu4buWvWnQNp4ZBT6NA+Ik5ZrR7eseqeW3ffltIH3J5RQS46gnuWkuFKgdSn0UfyQU30MBxb3ydw5pyoQFjj85ysZo2GjJPj5FhpkgcSYprK\/Z+2DATtyK4+Qf6\/aqbIw8Lcb7cZtf0z+JHETegSO9KkcBoU9gO6xrqOx52lA0cwoBqzE2jarGQRl9uNhhJVqbtYW8Zn1EaM9M6rmO29Yt1+6plasEj01GrFKT8I4OU7sFrRQnqRrJPo4WwAIh7Rm7sSi42oZvtX4BaahZTUksAVjycgev6kzVav4\/eTGNY+aKBOKXlqKuRRrFySkDIMAtg4D1CjYEIbjQ6gCtxR44+2bKjQK6P6ESu+gqRLdQQysHBXcfCRZr20ngerldb8iGtycinkuzZgGaNP8fhFZVo9g+HoewKAoTJ8Q3dtcl6NsT36L1Tfp0k3YoUC\/\/ahlCGU4GtwddIoCNXKPY5lH\/WS3QYWWib7xnjDijc+h1GsL2O4mIHdW\/5jC95sGSgyjiLA1EZeIcdYk\/LKy3F3Gji0qRHHcsmzvo+++RiAU9v37slky7cdM91BlGL2yEyYcf78BlTxIQ+fGArF4a\/GV7L9dTOf39KScxC1sPOJ+xX6zV3sn5Page8g9KOAWXSAWEDQ88ul+mZbljKcx1PAdsq4NkJ0Lmdt3COkaLjUOk9MDZvZCXb\/kG3ThqU7RTlnzOctOgRN5DWSt2jL8dgtX5ECOgBztc+KVZdkfAIcLt152FfvbD8EVgLH7w3CuA\/hhgCWANXiPPfxgK8DuAlMmNacCNjAEuLt5KkxRDdD7s7RqWpluAU7\/df15FiaMO0Kn1dSFFQBMxzPK5vn\/b3X5wyQZjoJRh4CWn4qjNtMqtX1ZeQCRiJb4Rv4fzUarf378Nan4UhzP60kMfRLjJBRKBOVP6vbHBQBK0PtE9Pp2u6Y6onzXZpkesBkDAqYSQQe9cN+qgowEp3Poe2kUVJSwmp05alQlbgHUmkSf02unzKpMzk+wZKB6jq9WPzpezRmioFejmOaMNXWj85Z53lFn63IKcrfHiVMKrIblbwlaVudV34ss3wTEh2yvWgVO53M307r3DUufn1OmZZjFQzfcwopEtLgaJ4N1cw4BNVZSJ1QBS6L4bzRWf2oMYFfANexMVHPw3qCUaumU8g1n9WHe\/n4E0eaERT9VheX9P67cu+lmTigmfSGhI7lnhLl5lFRGLceUY7iR8VyDqS6S6RIAzQfqC4mdRwOX1pPPhDVMulkmH8FXW+0K6kn+8n8RAKt1HYsctcOdK\/KpCSM4xsPnZco6\/skyJSpbvumzGox+ZmVrrFEsM94nvvXeFJ1PeYdeaDXVyD\/ZQx88Q5taPUiKZwiQTg9GJLHtBgnOARtqmOaELZITiU1dmPsgZZNi","iv":"2b61c638ab22b75a7cdd6ec8f79ef798","s":"ac9f74a41da0513f"}
Pier 1 is closing half its stores. Image credit: Pier 1