Pier 1 Continues to Struggle
In this episode of MarketFoolery, Chris Hill talks with Bill Barker about some market news. Pier 1 (NYSE: PIR) dropped some 15% after announcing it was closing 450 locations. Maybe the company shouldn't have had 1,000 locations in the first place. Chris and Bill get into how and why the company is struggling and how difficult the path forward will be for the home-goods seller. Then the guys respond to some listener mail, talk about the unbearable silliness of price targets, and pick up a ball they dropped in the "Apropos of Canada" episode a few weeks back. Tune in to hear more.
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Source Fool.com
