Pier 1 is a ‘dumpster fire’ and it’s fighting for its survival (PIR)
|01/10/2019||Posted by BusinessMediaguide.Com under General World News||
- Pier 1’s market value has been almost completely wiped out over the past five and a half years, falling 97% since 2013.
- Analysts say the outlook is discouraging. Of the few surveyed by Bloomberg who cover the name, none rate the stock a “buy,” two carry a “sell” rating, and four say “hold.”
- Analysts say a combination of overwhelming store environments, offerings that don’t reflect the latest trends, and expensive sourcing and supply chain costs have brought the retailer to its knees.
Pier 1 is fighting to stay afloat.
Shares of the home-furnishings retailer have gotten decimated, down 97% from their 2013 high, as read more >>>