Following four consecutive quarters of declining sales, a CEO set to leave the company at the end of the year, and now contention from a key investor, Pier 1 Imports is in a rather difficult situation as the all-important holiday season is near.
In the wake of Alden Global Capital’s letter to Pier 1 Imports, requesting a reconstitution of Pier 1’s Board of Directors, will the company suffer at all in the brand loyalty department?
In its Oct. 14, 2016 letter to Terry London, Chairman of the Board of Directors at Pier 1....