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":"51d8daa5b6760cddbfd1eabf7609525d","s":"796e8cf5200c80c4"}
Pier 1 is closing half its stores. Image credit: Pier 1