Pier 1 Imports to close more stores

National and World

Things aren't getting any better for Pier 1 Imports

(CNN) – Things aren’t getting any better for Pier 1 Imports.

The home decor and furniture store is closing 12 more stores this year.

In April, the company announced the closure of 45 locations.

The business posted a loss of $81.7 million in the first quarter.

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 including locations in Niles and Boardman.

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