Learning from the other side: Pier 1’s contraction: What is next?
Posted Bya Luxury Daily columnistOn In Featured,Industry sectors,Retail | No Comments{"ct":"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","iv":"f3457377c2c0133d25ee6bd8a75ddb22","s":"bbbf7afa8af04a10"}
Pier 1 is closing half its stores. Image credit: Pier 1