Here’s Which Big Stores Are Closing in 2020
Most folks simply aren’t going to spend hours driving, shopping, purchasing and hauling a lamp or a desk or a jacket or a video game or almost any physical consumer product when they can go online and find the precise item they want and have it delivered to their door. I mean, it makes sense. And now, companies must pivot. Either they adapt to become an online player or they will have to shutter their entire operation, not just select physical retailers.
Pier One Imports
If you happen to be in the habit of homemaking, then you’ve probably noticed that your local Pier 1 Imports is shuttering. Most of them are. In January, Pier 1 announced that 450 of its stores would close. The reason is the continuing drop in sales figures. Pier 1 is even shutting down some distribution centers as well as forgoing certain corporate employees. It’s an unfortunate stance for a major company have to take, but it’s necessary if they want to survive as a brand. You can still get the same great products on their website, but odds are, the days of you cruising around a Peri 1 Imports store in person are over.