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The rise and fall of Pier 1, the once-beloved destination for stylish and cheap home goods and decor

pier 1

  • Pier 1 Imports officially filed for Chapter 11 bankruptcy on February 17, but for decades it was one of the most popular destinations for home goods and decor, particularly among young adults seeking hip, inexpensive furnishings.
  • Founded in 1962, Pier 1 originally catered to “post-World War II baby boomers looking for beanbag chairs, love beads, and incense.”
  • However, by the turn of the century, Pier 1 had begun to struggle to keep up with competition from e-commerce giants like Walmart and Amazon, as well as from off-price retailers like Wayfair. Here’s a closer look at the rise and fall of read more >>>

    Source:: BusinessInsider.Com