Pier 1 Imports is rising the different of shops anticipated to shut this year.
The home goods retailer acknowledged this would possibly maybe also shut 57 shops in the fiscal year, up a dozen from the April estimate of 45 shops.
On an earnings name this week, the corporate’s CEO acknowledged there shall be more closings to employ.
In April, officials acknowledged as many as 145 shops could maybe shut as phase of a 15% decrease.
In line with company paperwork, there are more than 965 shops in the U.S. and Canada.
On the Central Cruise, there are Pier 1 areas in Paso Robles, Arroyo Grande, Santa Maria, and Goleta.
The company has no longer announced which shops will likely be closed.