Pier 1 Imports
In 2018, Jeffries said that it was going to be a “heavy investment year” for Pier 1 since it was taking care of its “sourcing, merchandising, pricing, marketing, store ops, e-com, and supply chain.” The company saw its net sales go down by 9.2 percent in Q1 of 2018. Its credit rating also went down. We are sure that it suffered even more when Trump placed a 10 percent tariff against Chinese goods. After all, the company said that more than half of its products are made there!
Pier 1
Lands’ End
This retailer specializes in luggage, home furnishings, and clothing. It seems like its relationship with Sears is the root of its issues. In 2013, Sear’s decided to go in another direction. While the catalog items are selling just fine, ex-CEO Federica Marchionni made some bad calls. For one, she launched a fashion-forward and youthful brand called Canvas but failed to attract the target clientele.
Lands’ End
