Pier 1 Imports
Research and strategy agency Jeffries previously said that 2018 would be a “heavy investment year” for Pier 1 since it was going to deal with its “sourcing, merchandising, pricing, marketing, store ops, e-com, and supply chain.” In Q1 of 2018, the company saw a 9.2 percent decline in its net sales! Aside from that, the company suffered a credit rating downgrade courtesy of S&P Global analysts. That’s not all. It all took a hit when Trump placed a 10 percent tariff on Chinese goods. Pier 1 Imports previously said that more than half of its goods were made in China. Ouch.
Pier 1
Lands’ End
Land’s Ends specializes in luggage, clothing, and home furnishings. It does not seem like customers appreciate it anymore. CheatSheet reported that its relationship with Sears caused a lot of problems for it. In 2013, Sear’s decided to head in a different direction. However, Land’s End said that its catalog items are doing just fine. Perhaps things would be better if former CEO Federica Marchionni did not take risks. CheatSheet that she pushed for the launch of Canvas, a youthful brand aimed at fashion-forward consumers with its “designer styles to relaxed looks.” Sadly, it failed to generate profit for the company.
Lands’ End