Pier 1 Imports is getting ready to close 450 of its stores. A large number of store closures will result in a massive amount of layoffs for the company.

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The home decor retailer joins a growing list of retailers that were forced to downsize by closing a bulk of their stores in an era that is being called the retail apocalypse.

If Pier 1 does not find a lender to provide some financing, a bankruptcy filing may be inevitable in the near future.

 

 

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