Things aren’t getting any better for Pier 1 Imports.
The home decor and furniture store announced Thursday it’s closing 12 more stores this year.
In April, the company announced it was closing 45 locations.
In the first quarter pier 1 posted a loss of $81.7-million, which was substantially larger than the 28 million dollar loss it posted in the same quarter a year ago.
The interim ceo says if the company’s turnaround plan doesn’t work, it could close even more stores.
Pier 1 has 967 stores remaining