Pier 1 Imports
Pier 1 Imports witnesses a 9.2% drop in net sales in the first quarter of 2018, which converts to $371.9 million year-to-year. If this wasn’t a bad enough major enough punch, S&P Global analysts increased their credit rating. Current President Donald Trump’s 10% tariff on all Chinese goods is another reason for their decline as more than half of their products are made in China.
Lands’ End
The brand of clothes, luggage, and home furnishings, Lands ‘End used to be extremely popular with customers nut sadly not as much. The relationship of the company with Sears appears to be the source of all its issues. However the brand’s sales of catalog products are high, former CEO Federica Marchionni has made some permanent errors.