Pier 1 Imports
In the first quarter of 2018, Pier 1 Imports saw a 9.2% drop in net sales, translating to $371.9 million year-to-year. If that wasn’t a big enough hit, their credit rating was decreased by S&P Global analysts. Current President Donald Trump’s 10% tariff on all Chinese goods is another reason for their downfall since over half of their products are made in China.
Pier 1
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Lands’ End
The clothing, luggage and home furnishings brand, Lands’ End, isn’t as popular with customers as it once was in the past. The company’s association with Sears seems to be the root of all its problems. Although the brand’s sales of catalog items are strong, former CEO Federica Marchionni made some irreversible mistakes.
Lands’ End
