Pier 1 is a 'Dumpster Fire' and it's Fighting for its Survival
- Pier 1's market value has been almost completely wiped out over the past five and a half years, falling 97% since 2013.
- Analysts say the outlook is discouraging. Of the few surveyed by Bloomberg who cover the name, none rate the stock a "buy," two carry a "sell" rating, and four say "hold."
- Analysts say a combination of overwhelming store environments, offerings that don't reflect the latest trends, and expensive sourcing and supply chain costs have brought the retailer to its knees...