Pier 1 Imports
Jeffries reported that 2018 was going to be “heavy investment year” for Pier 1 since it was going to be taking over its “sourcing, merchandising, pricing, marketing, store ops, e-com, and supply chain.” In Q1 of 2018, it saw a 9.2 percent net sales decline. The credit rating of Pier 1 received a downgrade from S&P Global analysts. The 10 percent tariff on China also worked against them since the majority of their products are made over there.
Pier 1
Lands’ End
Land’s End is apparently facing problems because of its connection to Sears. In 2013, Sears opted to go into a different direction. While the sales of Land’s End item are going strong, former CEO Federica Marchionni made mistakes. One of these was with its Canvas brand, which failed to attract the target audience even though it offered clothing in “designer styles to relaxed looks.”
Lands’ End
