The rise and fall of Pier 1
August 28, 2020 at 10:30 AM EDT
In 2019, Pier 1 was facing competition from every angle and doing what it could to stem the losses. While overall sales grew from nearly $517 million in 1990 to more than $1.5 billion in 2019, same-store sales had fallen for three straight years — in 2017, 2018 and 2019.
