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.
Lands’ End
The brand of clothes, luggage, and home furnishings, Lands ‘End is not as popular with customers as it was in the past. The relationship of the company with Sears seems to be the source of all its problems. Although the brand’s sales of catalog products are high, former CEO Federica Marchionni has made some irreversible mistakes.