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Pier1 to close near 1/2 its stores as BK rumors persist

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Moderator Emeritus

Re: Pier1 to close near 1/2 its stores as BK rumors persist

@M_Smart007I never really bought the big Items, but I have some small to medium things that are very cool.

I just used My gift card I had laying around, Got a real good deal on some bath towels. (free shipping)

 

Now you can bath ... oh, I mean the dogs can Smiley Sad

Message 11 of 15
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Frequent Contributor

Re: Pier1 to close near 1/2 its stores as BK rumors persist

DW wanted to go in and see what they had, looks like the 2 locations closest to me shut down. She was sad, she's not big on online shopping



Goal: Mortgage/Chase Trifecta




Message 12 of 15
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Valued Contributor

Re: Pier1 to close near 1/2 its stores as BK rumors persist


@ImTheDevil wrote:

@Saeren wrote:

@iced wrote:

I didn't even know Pier1 was still a thing. I had just figured they went extinct along with the other dinosaurs like Circuit City or KayBee Toys.

 

Last time I saw a storefront of theirs was years ago.


Yeah quite honestly I'm amazed they didn't go bankrupt years ago. 


Apparently the market for $275 plates to put on your mantel is stronger than expected.

 

I've also wondered how they've stayed in business. Some nice stuff but a lot of their pricing is completely absurd.


And here I was thinking they were the Dollar General of useless decorative crap. After all, those $275 plates are probably $600 at Pottery Barn.

Message 13 of 15
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Valued Member

Re: Pier1 to close near 1/2 its stores as BK rumors persist

A friend is an interior designer and does quite a bit of business decorating model homes and apartments. She would shop there and buy the little knick-knacks they sprinkle as she says around the home.

Message 14 of 15
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Established Contributor

Re: Pier1 to close near 1/2 its stores as BK rumors persist


@CassieCard wrote:

“Looking ahead, we believe that we will deliver improved financial results over time as we realize the benefits of our business transformation and cost-reduction initiatives.” - CEO Robert Riesbeck


Six weeks later: ""Today's actions are intended to provide Pier 1 with additional time and financial flexibility as we now work to unlock additional value for our stakeholders through a sale," Pier 1's CEO Robert Riesbeck said. 

 

Pier 1 filed for bankruptcy Monday. 

27 FICO Scores + 3 VS3. MTG (Mortgage), AUT (Auto), and BKC (Bankcard) are scores 5,4, and 2 from the top.

Testing aggregate utilization greater than 8.99% but less than 9.00%. It's treated the same as 9.00%.

Message 15 of 15
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