Pier 1 Imports
Jeffries is a research and strategy company that said Pier would have a “heavy investment year” in 2018 since it would handle its own “sourcing, merchandising, pricing, marketing, store ops, e-com, and supply chain.” During the first quarter of 2018, the company saw a 9.2% drop in net sales or $371.9 million year over year. The credit rating of the company also got a downgrade from S&P Global analysts. Even worse, Pres. Trump placed a 10% tariff on Chinese goods. What makes this such bad news for the company is that more than half of the products sold by Pier 1 come from China.
Pier 1
Lands’ End
Land’s End focuses on luggage, clothing, and home furnishings. Sadly, customers do not seem to be appreciative of what it has to offer. CheatSheet said that things started to go downhill for the retailer thanks to its association with Sears, which went its own way in 2013. The catalog items sales, according to the website, are going strong. However, former CEO Federica Marchionni made a number of fatal mistakes. CheatSheet said that this included Canvas, a youthful brand aimed to attract fashion-forward clients and feature “designer styles to relaxed looks.” Sadly, the brand did not attract the target market.
Lands’ End
