Pier 1 Imports
Pier 1 Imports saw a 9.2% fall in net sales in the first quarter of 2018, which translates to $371.9 million year-to-year. If this wasn’t a major enough blow, S&P Global analysts raised their credit rating. Current President Donald Trump’s 10% tariff on all Chinese goods is another explanation for their decline because more than half of their products are made in China.
Pier 1 Imports
ADVERTISEMENT
