Pier 1 Is On Its Last Leg!

Pier 1 Imports may not last the year.

Brick-and-mortar stores are shuttering and fuel prices are rising in the United States.

According to Republicans and Donald J. Trump, the economy is finest in the world. But in the real world, people are working either underpaid, overworked and stressed.

Folks, working two jobs to keep your home isn't satisfying. It's pretty much a life of work and no fun.

It's also amazing to see our country so wrapped in this notion that the poor and needy are the reasons to why our country is fucked up.

No, it's equity firms. They pile on debt to companies and then force companies into bankruptcy.

Okay, folks, have you went to Pier 1 Imports lately?

Pier 1 Imports plans to close 450 locations, that's nearly half of the 1,000 stores the company owns.

The Fort Worth, Texas based-home goods retailer said the decision to reduce its store footprint is needed "to better align its business with the current operating environment."

"Although decisions that impact our associates are never easy, reducing the number of our brick-and-mortar locations is necessary a business decision," Pier 1 CEO and Chief Financial Officer Robert Riesbeck in a presser.

The company will also close certain distribution centers and reduce its corporate expenses because of the "revised store footprint."

"Fiscal third quarters sales and margins remained under pressure as we completed our efforts to clear out non-go-forward merchandise," said Riesbeck, who was named CEO in November. "Look ahead, we believe that we will deliver improved financial results over time as we realize the benefits of our business transformation and cos-reduction initiatives."

The first Pier 1 Imports store under the name Import Cargo opened in San Mateo, California, in 1962. According to the company's official history, the original store catered to hippy baby boomers and featured love beads and incense.