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Pier 1 will close more stores as web sales soar in Q1

Pier 1 will close more stores as web sales soar in Q1

Online sales account for 17% of revenue, nearly twice as much as last year. 36% of online orders were picked up in Pier 1 stores, and another 31% were placed in stores.

Consumers continue to reward Pier 1 Inc. for its return to e-commerce five years ago. E-commerce revenue grew by $35.7 million in the first quarter, nearly three times total sales growth of $12.9 million.

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