The Rise And Fall Of Pier 1
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3 роки томуOnce known for its “treasure hunt” atmosphere, colorful home furnishings, and distinctive holiday decorations, Pier 1 filed for bankruptcy in February 2020. Pier 1 later announced it was winding down its entire business, in part, due to the coronavirus pandemic. And while Pier 1 had a smaller share of the home furnishing industry than some of its rivals, those store closings could mean good news for a few retailers.
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The Rise And Fall Of Pier 1
@rachelvasquez7826 3 роки тому
Former employee here, the store was way overpriced for the quality.
@Anon1mous 3 роки тому
All made cheap in China like most things nowadays. That’s how the CEO and upper management make their millions.
@chrissmith8469 3 роки тому
I bought all the java collection solid wood pretty good quality
@cecizeni 3 роки тому
Very true.
@Hubertxlv 3 роки тому
Rachel Vasquez ikkkk
@raymondcordero4876 3 роки тому
Rachel Vasquez es así como pierden los negocios sin planes y ciegos sin metas eso lo que está pasando es un bote a la deriva listo para undirse y perderlo así está todo los negocios .
@ytyt3922 3 роки тому
At the end of the day, the merchandise was just too expensive for middle class consumers to justify buying. 40+ years of stagnant wages and rising cost of living will do that.
@andrewstanley903 3 роки тому
Exactly! I can’t pay $200 dollars for a few household items when I’m trying to get by.
@gqgio14 3 роки тому
This store was so expensive when the same things were cheaper at Homegoods. Absolutely no reason to shop at pier 1
@cskiles318 3 роки тому
Seems last couple yrs same #unique items popping up cheaper in other places. I still miss the hunt
@JDM-gx8ki 3 роки тому
Gio M 🤑
@gizzykatkat9687 3 роки тому
Then while it was open you should have gone to those other places to shop, you are probably just poor.
@lo3769 3 роки тому
That's not a fair comparison though since Home Goods is a discount store. Everything there is cheaper than any other decor store lol
@MrRayMac1963 3 роки тому
Thats today. I furnished my whole first apartment fresh out of collage from Pier 1. There was nothing like it back 40 years ago.
@justinesemana1649 3 роки тому
Even their “sale” prices are still overpriced
@cecizeni 3 роки тому
Everytime I walked in there I walked out without purchasing anything, too dang expensive!
@CMRinehart 3 роки тому
Agreed.
@marquamfurniture 3 роки тому
Everytime I walked in there I walked out without purchasing anything. Nothing I wanted.
@dionysus9876 3 роки тому
Same, the store always smelled wonderful though!
@CMRinehart 3 роки тому
@@dionysus9876 It sure did Sydney.
@Mayakardashian91 Місяць тому
Smh
@joshuahcraig7585 3 роки тому
All of the Pier 1 stores in my area are located near HomeGoods or Marshall’s/TJ Maxx stores. Who wants to buy a repurposed $30 pine cone Christmas ornament, a $44 picture frame, or a set of $75 napkin rings? No thanks, I’ll go next door to Homegoods and get a cart full 🛒 Pier 1 stores were always stuffed with fragile/out-dated/over-priced merchandise. They were a perfect example of a business not adapting to changes in the market, and I’m surprised they lasted as long as they did.
@kimberlyreynolds4646 3 роки тому
I always loved the smell of Pier 1 when I went there. I bought furniture there that I still have. Most comfortable sofa I've ever owned.
@jasonkresock2196 3 роки тому
Selling Overpriced Garbage was the problem. No other reason. Bottom Line!
@kkcrispy8462 3 роки тому
Facts
@alexliu5806 3 роки тому
Judging from this video, they really had a thing for wicker baskets...
@gizzykatkat9687 3 роки тому
Why do you care? You are probably just poor.
@Shellbee55 3 роки тому
I loved Pier one ❤️ mainly plates, candles, and holiday ordiments
@gabrielcarvalho6085 3 роки тому
Pier Imports, Forever 21, Toys R Us, Sears, Good Year, GM, Circuit City, Block Busters, Kodak, Aeropostale and the list goes on and on... all part of the 2000's lifestyle are almost dead.
@geofferypmeyers 3 роки тому
All sold cheaply made goods at much too high price. Consumers can see through the BS quality
@Jess19877 3 роки тому
Sarah Meyers Goodyear sells cheaply made goods? I don’t think so. Also GM, Kodak, Sears, Toys R Us, and Blockbuster? No.
@RaesOfLight 3 роки тому
Circuit City - a throw back store!!
@cyyrious 3 роки тому
Everything goes in a circle it all comes back .... now everybody confuses laziness with convenience and comfort. Ordering cheap products online I rather go in a store and see what I’m getting first
@gabrielcarvalho6085 3 роки тому
@@cyyrious Same here! idk why this is a thing now... i love to go out, see people and things, see the product by myself and take it home with me at the time... not 5 days later
@vanessalauren664 3 роки тому
They were so overpriced I'm surprised they lasted as long as they did.
@annanorth4584 3 роки тому
Their biggest issue was not keeping up with current trends and styles. Yes, the inventory was overpriced but also outdated and somewhat depressing.
@cyyrious 3 роки тому
Outdated? 🤔 it all depends on your style nothing in there screamed 80’s or 90’s to me also it wasn’t overpriced in my opinion
@MoDavI-sl7iy 7 місяців тому
@@cyyriousI agree
@Bizui1010 3 роки тому
They were overpriced and that’s a downfall.
@susanhainan188 3 роки тому
Who wants to pay $99 for a small lamp like wtf pier 1, it ain’t make out of diamonds
@clairewillow6475 3 роки тому
Kyle weird flex, but ok
@LakeNarrow 3 роки тому
If the people who make those lamps were property compensated for their work, the lamps would be even more expensive. Low prices and high standards of living in the developed world depend on the exploitation of people in the developing world. When I hear people complaining about "high" prices in the West, I hear people complaining that they couldn't exploit people even more..
@tracy_ragland 3 роки тому
Exactly!! I loved their stuff but just couldn’t afford it A pillow for $60? Um.. no
@andrewstanley903 3 роки тому
I have a $10 lamp from family dollar
@andrewstanley903 3 роки тому
Tracy Ragland Heck No!!
@tea98988 3 роки тому
I worked there briefly as a designer in the mid 90’s. It was a fun job but the company headquarter was badly managed by the all male executives. Their refusals to fresh perspectives and changing the business model, were the reasons why they failed. Pier1 Imports was a pioneer of the home decors industry but sadly, the inability to adopt the market and consumers needs lead to their downfall.
@zeitgeistx5239 3 роки тому
A lot of people don't know but Pier One actually sold by special order very good quality but environmentally destructive hand made solid teak and mahogany furniture from Indonesia. The prices were very good. Only problem was the shipping was 3 months long from Indonesia to the store and putting solid wood furniture in plain card board boxes meant it often arrived damaged. You could buy a solid mahogany dresser from them in 2009 for $1500 that would cost you $3,000 to $4,000 at other places.
@maryeckert9936 3 роки тому
@meaturama You care about mahogany if you want your furniture to last. I have pieces of furniture that are 60+ years old because they are made of sturdy hard wood, mahogany and black walnut. My modern furniture is falling apart due to poor craftsmanship. It is less than 5 years old.
@Biophilia1 3 роки тому
meaturama is that really necessary? Learn to be kind to others.
@bodyloverz30 3 роки тому
@meaturama I do sweaty!
@Dave-zl2ky 3 роки тому
I shopped Pier 1 in Boston center in 1970. Great store for a long time. Mismanagement took over years later.
@sherielowe4256 Рік тому
Agree 100 percent. We shopped there in the 70's. They should have stuck to that niche.
@Mayakardashian91 Місяць тому
Bruh
@anthonywilliamson7049 3 роки тому
CNBC showed IKEA like 20 times in this video but never mentioned them.
@MrSaadia27 3 роки тому
Wow true
@tammymcconnell821 3 роки тому
Anthony williamson IKEA isn't a US store.
@anthonywilliamson7049 3 роки тому
Tammy McConnell if you’re referring to “Us Home Furnishing Market”, when you say US Market that means the location of goods being sold is in the US. Example is Asia Market, European market. It’s not stating the companies actual geographic origin.
@Queen-of-the-Burbs 3 роки тому
Shade
@deontaer 3 роки тому
When your charging $16 for air freshener, expect the inevitable
@glowingmyway 3 роки тому
Marshall’s, Homegoods & Amazon are the downfall of Pier1!
@eurekamarijka 3 роки тому
And World Market!! They’re like going back in time to what Pier 1 used to be. I love World Market for baskets, funky upholstered tuffets, colorful linens, imported condiments, etc.
@CryptoDrew 3 роки тому
No the overpriced items caused the down fall they got greedy 399$ for a chair lmao
@melbagarcia-ventura 3 роки тому
Marshall's etc. Has better quality products for a reasonable price. Even with a decent income I hate when stores are overpriced for less then good quality items.
@lasetlivingstin7752 3 роки тому
TJ Maxx also...
@fastfiddler1625 3 роки тому
From my some 16 years as an adult, I can count probably on one hand the number of times I went into a Pier 1. And the number of times I walked out and thought, that's neat but I'm not paying this much for these things, would be the same.
@1014p 3 роки тому
I window shopped more than bought. Usually a gift hunt reason on top of that.
@sawyerramos3113 3 роки тому
I miss Blockbuster. Going to get a movie with your honey was an heck of an experience!
@mind-of-neo 3 роки тому
I miss Holywood Video 😫
@imMsPear 3 роки тому
items were too expensive
@lstruble9848 3 роки тому
Sad to see Pier 1 closing. For many years, it was my favorite home furnishing store and I will miss them.
@rcaraway1 3 роки тому
I remember going there with my sister in the 80's after she first got her driver's license. We got cheap fun imports like ginger candy, bamboo fans, and paper parasols.
@sherielowe4256 Рік тому
They should have kept that business model. They had great house shoes from China. Beautiful scarves.
@hueyfreeman7810 3 роки тому
I walked in for a clearance sale, and the price for 1 single chair was about $600. *On clearance!* I walked around a little bit, just about everything looked cheap and overpriced.
@Mayakardashian91 Місяць тому
Oh hell no
@seporokey 3 роки тому
Pier 1 was too expensive. I liked how their stuff looked, but never bought it from the store. Always bought it used on places like letgo or Facebook marketplace for a 3rd of the original cost.
@MrSaadia27 3 роки тому
Me too I got 2 sofa tables used lol
@SynchroSk8 3 роки тому
seporokey My mom loved a certain scent they offered in their room sprays and candles, so I would go in there with her a couple times a year. We’d always walk around and we would still just leave with her room sprays and candles in the one scent and nothing more. I would pick something up thinking it would be like 18 bucks and it would be over 50... it was laughable. So even the smaller ticket items were still pricey.
@inquiririddles 3 роки тому
It was fun to look around with the family if you’re walking in a shipping center and want to quickly pop-in to see if there were sales, but I actually BOUGHT stuff from Home Goods!
@candypeach0103 3 роки тому
The same here. I would only go in there to purchase the Ginger Peach candles. Things were a tad overpriced.
@UltimateAPBTS 3 роки тому
Their fall does not have anything to do with the pandemic, only their greed...🔺🔺🔺
@LisaLGruman 3 роки тому
It is an honor to have lived one town over from the very first Pier 1 store that opened fifty years ago. I loved the style and colors of their products that have added a lot of beauty and comfort to my life.
@sherielowe4256 Рік тому
When they sold fish and plants and bedding curtains for the doorway.
@LisaLGruman Рік тому
@@sherielowe4256 ❤️
@lo3769 3 роки тому
I'm surprised it was considered a store for old people. I loved it in my twenties, it was just way too expensive for me but I loved their style.
@tracy_ragland 3 роки тому
Me too! I really loved their stuff but couldn’t afford it
@michellefrost2429 3 роки тому
I worked there until the end. It’s such cheap stuff and the furniture I built even gave me allergic reactions. This entire video is super accurate to what I saw as the major problems of the business (even as an 19 yr old I could see it’s failure coming)
@zorawatts2409 3 роки тому
Yes, the prices were outrageous. Considering the fact that I lived right next to Homegoods and TJ MAXX, I had no reason to spend that much money on home decor. HOWEVER... the closing sale was everything, I was finally able to afford my dream dining table!
@markcrooks2455 3 роки тому
I used to LOVE Pier1. They used to have beautiful Italian dinner ware that I've used for years and are still fantastic. It all turned into over-colored melamine crap. No wonder they ended up out of business.
@SusanBame 3 роки тому
Exactly. Pier 1 was a favorite place to go just to look around and get ideas. Over the last five years when Iʻd go in -- it was cheaper and cheaper stuff, too much plastic, there were no ideas, and nothing to buy. I havenʻt bought anything from Pier 1 for years. Iʻm sad to see theyʻve gone Chapter 11 but Iʻm not surprised.
@georgemaherjr2290 3 роки тому
It’s pretty simple, if you want any store to be a success, make the items affordable to everyone.
@YappieKitchen 3 роки тому
Former employee when I was 20. The manager told me that if I wasn’t on an actual vacation he would not grant me my paid vacation days. He said staycations were not vacation. I swore when I grew up and had my own money I would never give them a dollar. I think the way they treated employees could also have been part of their downfall.
@karenogo3553 3 роки тому
It’s too expensive for things I can get half price in Home goods or IKEA even in Amazon
@kashfortheking 3 роки тому
Pier 1 should’ve made a deal with Wayfair. That would have solved the online problem.
@devodoesdrivingk6856 3 роки тому
Wayfair is owned by Les Wexner... Epstein’s buddy who also owns the limited and Victoria’s Secret!
@kashfortheking 3 роки тому
Devo does driving K has he been charged with a crime? Even if he has been, it’s not going to affect Pier 1 going out of business.
@Raequazaaa 3 роки тому
Devo does driving K actually, you’re wrong. It was founded by women and still continues to be run by women on their exec boards.
@champaignken 3 роки тому
Our store was over stocked. I worried that I would knock over a display of glass and cause a cascade of merch falling and crashing.
@NotThatGuy_YepThatGuy 3 роки тому
Okay, now you guys are just straight up copying TheCompanyMan
@BSReese93 3 роки тому
fact
@tubetubecommentor4795 3 роки тому
Hah. That's why I have a feeling I've watched something like this before
@victor313 3 роки тому
This CNBC segment has been on the air long before Company Man so who copied who.
@SP-ie2ne 3 роки тому
@@victor313 CompanyMan released it 7 months ago, no?
@idontwantone54 3 роки тому
this is MUCH better produced though and yes CNBC has had rise and fall for years
@B-ch6uk 3 роки тому
I love this store. Sure going to miss it.
@user-cg9ry5id5v 3 роки тому
They asked for way too much money for particle board stuff.
@bettyg9707 3 роки тому
I actually really liked their style. Just couldn't afford them, or that idea just stayed with me and never looked at the place for anything.
@riflo1959 3 роки тому
Yo Company Man they stealing yo Titles ma boy 😂
@dertythegrower 3 роки тому
It was an overpriced store for grandmas to buy chinese made new england style sailing americana.. weak store, always was
@jedistud125 3 роки тому
savage
@kazi1 3 роки тому
Lmao
@evilbred974 3 роки тому
Brtual.
@dertythegrower 3 роки тому
Sorry just being real. I walked in there 1 time in florida in like 2002, and never again. It was obviously a chinese made trinket store catered for grandmas who like the beach 'good vibes' (i bet you there is a wood plank thete for sale with faded white paint that say 'good vibes here') Its the place where corona gets their props for their beach beer commercials
@sp0rtbilly77 3 роки тому
True Americana moved over to Etsy
@bodyloverz30 3 роки тому
Along with CostPlus, they were truly innovators of their time.
@ChelseaNeKole93 3 роки тому
Former employee of 4 years... I can honestly say the furniture was really good quality so if you had the money you got something that was gonna last however most people couldn’t afford it so what would happen is ppl came in to see our nice ass displays, take pictures, and recreate them between HomeGoods, Ross, Amazon, etc. so I knew at some point it was gonna go out of business. But I’m gonna miss working there, lord knows my interior design eye got good af from helping people decorate & building those complicated ass displays 😅❤️❤️
@johnnolan5579 3 роки тому
Some of the comments on here are hysterical, they are so off base. I worked for Pier 1 for 6 years right up until it closed. Many complaints have been about price, but when Pier 1 cleared product, it was always cheaper than just about any other store. What we as employees noticed was the quality of the product started to fade, particularly furniture, much of it arriving damaged and unsellable. Pier 1 also did very little to diversify it's product lines. How many dinner plates and pillows can one person own? Why it didn't try to bring in unique lines of products like it used to have when it was known for its import bazaar style product, is a total mystery. They became victims of their own inability to address shifting market trends and placing the emphasis on products that people would become excited about, particular new and exciting furniture lines.
@sharontrujillo7793 3 роки тому
....i ADORED that store...I was 20 when I started shopping because they had LAYAWAY!!! I could find the best of everything there....they used to sell clothes and such great accessories....I too worked for the company in ca. Cost Plus, the ORIGINAL Cost Plus was the only store that competed against them.....they stopped being who they were....I have TONS of everything....I will truly miss that store!!! 💜
@liss2503 3 роки тому
In the 90’s you could find cute stuff for a good price. They got greedy and raised prices and brought in more generic products. I loved the candles but they became over priced too. Just wasn’t fun to go and treasure hunt any more.
@MoDavI-sl7iy 7 місяців тому
No one that's still open can compare to Pier1. Their pieces were unique. Walmart, Marshalls, & Target definitely can't compare to Pier1, that's for sure. That was one credit card that I loved. Maybe Home Goods can compete with them a little.
@TheRealBizWiz 3 роки тому
*I NEVER liked Pier 1 Imports.* They were incredibly overpriced for what they sold. I don’t mean just a little. I have no love lost.
@zeitgeistx5239 3 роки тому
They actually sold very high end decently priced hand made Indonesian teak and mahogany furniture by special order. Their shipping was a joke and stuff would arrived damaged. If you wanted decently made solid wood, none particle board furniture, the options are limited unless your willing to drop $1,000 a on single small dresser made of plain wood. Pier One would charge $1500 for not environmentally friendly solid wood teak dresser that's hand made.
@dertythegrower 3 роки тому
@@zeitgeistx5239 that was 2 in 200 items they had.. all others were chinese factory made, to look like something made on a fishermans dock on maine... but always was double price of other shops selling similar 'high end' wall and coffee table trinkets
@gianpaulov5353 3 роки тому
Even their G.O.B prices are still overpriced imo.
@CaseyBurnsInvesting 3 роки тому
Dying businesses are dying.
@dkh4487 3 роки тому
Why executives still getting pay the highest? Time after time like Pier 1 proofed many executives have skills to run a business. All they do just cutting lower end labors to make its company looks like they have increased sales.
@facitenonvictimarum174 3 роки тому
The perfect storm: coronavirus and overpricing due to greed. That will do it every time.
@naomipitts9872 3 роки тому
FACT
@clairekennedy8767 3 роки тому
This company overall failed to keep up with competitors new designs and prices
@finelife6019 3 роки тому
I visited the store twice and didn’t buy anything. Poor quality, too colorful for my taste, and the price is exorbitant. Staff wasn’t helpful and merchandise was everywhere.
@diannt9583 3 роки тому
Colorful was the charm. So tired of the monochrome/beige trendiness!
@finelife6019 3 роки тому
Diann T I love colors at someone else home. For my home, I prefer neutral colors that have a calming &zen effect. I guess I’m a boring person and play it safe
@devodoesdrivingk6856 3 роки тому
I bought a pair of hanging lights on sale of course! I used them as inspiration for designing my bedroom! Red/gold/fuschia!
@belssage 3 роки тому
I shopped Pier 1 for decades. As a business owner (4), Pier 1 NEVER adjusted with changing times. That's the main reason every business fails.
@cskiles318 3 роки тому
Il miss the hunt 😢😢 pier 1 was my retail therapy. I needed a fix every few weeks.
@351528 3 роки тому
We had Pier 1 in Canada and I never shopped there for home goods because they were too damn expensive. The video glossed over this fact but I think it was a huge part of there downfall. For home goods I typically shop at thrift stores and Home Sense/Winners/Marshalls, where I get beautiful products at the right price.
@KingOfPlastics 3 роки тому
Damnnn. They said pier one customers were yuppies 😂😂
@LisaLGruman 3 роки тому
Loved Pier 1. Sorry it had to close. Professor Posen is such a cheerful chap. The sadness of a business that failed doesn't go so well with his cheerful self, although he is very likable. All the best to those who worked for Pier 1.
@beebo8093 3 роки тому
I loved shopping here in the 90s, so unique and different until about 10 to 15 years ago. They went commercial and that I think really was the downfall. So sad, I still have a few beautiful unique finds I will always treasure. Goodbye Pier One
@maddie9185 3 роки тому
I used to like them because they had interesting items but yes they were overpriced. I still have some of their pieces.
@mckenziegillespie3044 3 роки тому
My mom LOVED this store.
@wayne8797 3 роки тому
So basically they were not customer focused, failed to catch on with the moving trend and charged too much. Oh and no e-commerce. Basically every wheel fell off...
@andrewstanley903 3 роки тому
Wayne C. Exactly! 1 plastic wine glass was $8
@adrianghandtchi1562 3 роки тому
What I like about stores closing down is all the killer savings that’s near the end getting stuff that’s overpriced at regular Walmart value.
@tzegoh333 3 роки тому
You can’t just keep selling crap to consumers - sooner or later, they wise up to the scam !!
@rory-red 3 роки тому
That funny i had set of papsan chairs for 20 years they look great
@ennz2798 3 роки тому
I expect more rise and falls.
@AltaSonata 3 роки тому
Subway next, maybe?
@Anon1mous 3 роки тому
I expect more fails than rises. Subway? No!!!! I love my subways!
@lasetlivingstin7752 3 роки тому
Too many stores of all kinds are closing...Steinmart in my area is closing also...Not looking good for consumer shopping @ all...Not everybody wants buy everything they own online, all the time...
@pdxorbust27 3 роки тому
this was my favorite store in the late 80’s and early 90’s. everyone had that round wicker chair in their first apartment and they sold really beautiful scarves and sandals from india. as I got older I continued to like the summer furniture they sold ( late 90’s-2004) the last time I went in a store was 2018 and everything was different, spendy and had lost the “import” part of their brand. I did buy a cookie jar. on sale.
@eurekamarijka 3 роки тому
Heck, I used to love Pier 1 - it had colorful, fun items from all over the world and was perfect for outfitting my first few apartments as a young adult in the early 80s. Paper lanterns and papasan chairs from Vietnam, strange condiments from all over the place, handwoven table linens and bedspreads from South America, broomstick skirts and copper jewelry from India, lots of bamboo and carved figurines. Then they got cocky and started selling horrendously overpriced home dec- $400 for a patio chair? $10 for one fabric napkin? $25 for a small scented candle? They lost my business a decade ago, and I was always surprised to see their stores open at all.
@MoDavI-sl7iy 7 місяців тому
Who else misses Pier 1?🙋🏾♀️
@willhaslem 3 роки тому
The one and only time i went to Pier 1 I bought a papa son chair about a 1 1/2 months ago before it closed. It my favorite chair, nobody sits in it.
@gizzykatkat9687 3 роки тому
I worked at a Pier 1 for a time, yes it was over priced but there where loyal customers who didn't care about that. I was one of them. People can spend their money the way they want to and were they want to. I'm sad it's gone.
@sherielowe4256 Рік тому
I worked there for 3 years and yes there was a very loyal customer base. Often coming in at spring time looking for pussywillows...lol
@erniellerena 3 роки тому
Holy cow they were still open. I thought they went out when Circuit City and all those other stores went out of business.
@hazelvelazquez4200 3 роки тому
My last day is this Wednesday (9/23) 😢💔
@niabelizaire3596 3 роки тому
I haven't been to Pier 1 in years and my whole life, I stepped into a Pier 1 store ONCE.
@margaretames6522 3 роки тому
They were too expensive! Just realized that many other people had the same thought.
@tpop3723 3 роки тому
That Hart Posen guy’s style of talking is like intro to a spooky story 🎃👹🙀
@rafaelcamilo2904 3 роки тому
one my favorite decorating store.
@pennylane36 3 роки тому
I loved pier 1 and I’ve been in their store tons of times, however I’ve only ever made two purchases 2 Christmas pillows And two wicker patio chairs with seat cushions. I did pay a lot for the chairs but I really liked them and liked the sand color. Most wicker chairs are brown or white but these were the perfect color. but I didn’t buy them to use them outdoors. I bought them for inside my house Sunset pier parchment was the one I think I got. They were definitely worth what I paid
@CoreyChambersLA 3 роки тому
They had some bargains in the 1970s. I bought some giant pencils for 5 cents each, re-sold them for 25 cents each. Really enjoyed malls in the 70s too, but I've been buying nearly 100% of my shopping online for several years now.
@1014p 3 роки тому
Ok so they are going under then? I saw a store listed as closing out sale. Part of the issue I think they hit is only so many decorations you can have. They had some good stuff but I found a lot cheap and not appealing. Unfortunately with At Home and Hobby Lobby you can get a good full of options. Pier One stores tended to be compact and hard to browse. Again though only so much you can buy before space fills up. I didn’t see the great value on product claimed here. Though random cool items thought. Having to many stores likely clogged up distribution supply.
@gratefullpam 3 роки тому
I really miss Pier 1. Thanks for the information
@vernjay2661 3 роки тому
I've walked into Pier 1 one time, and that's the last time I've ever been there. Too dang expensive for my taste. Lol
@Kitteh413 3 роки тому
I loved walking around looking at everything, but it was far too expensive and I could never justify buying anything
@tmoney8435 3 роки тому
loved the store till the bitter end. used to go there every time i visited the city. never bought big things too often but alot of candles and small decorator items. maybe i was the problem lol
@niabelizaire3596 3 роки тому
I only stepped into a Pier 1 store once. I haven't been there in years
@susiq1121 3 роки тому
I loved their aesthetic and brought quite a bit when I moved into my new place. But in recent years, I found that I could not purchase at their price range, when other stores had the same aesthetic for less.
@fixyourposture282 3 роки тому
Thank you Pier1 for my very first credit card when I turned 18. Im probably the reason yall are going out of buisness but my first place looked like a million bucks 😂😂
@amandamoe523 3 роки тому
Very sad they're closing down😣💔most of all, I will miss their Rustic Woodlands candles!
@merebrillante 3 роки тому
When I was in my ‘20s (late ‘80s/early ‘90s), it was the place you went to furnish your first apartment. Then they tried to go "upscale" it in the 2000s, it got too expensive. IKEA filled that gap.
@el-hp1lj 3 роки тому
it was pricey but they had fun and fresh stuff. i still have a vase and a fish art statue i bought 20 years ago for my 1st apartment
@kermitcyeh 3 роки тому
7:24 What about Ikea? They must have a decent market share.
@MissAynneK 3 роки тому
Perhaps they only referenced US owned stores?
@allenehunt8340 3 роки тому
It failed because 1. It was too expensive. The middle class can barely pay bills, let alone buy $20 plates and $16 air freshener. We are buying at Home Goods or IKEA. 2. They never innovated. Everything was hideously outdated in style. 3. The store was always a cluttered mess with no room to comfortably move around
@LeeePowers 3 роки тому
He was talkin about locations, I immediately thought of the Fairfield Ca store. Not terrible. Decent building,right off I80,in between a BevMo and a Meineke,(former Fairfield Nissan) they were sole occupants of the building,the"right side" of town. Its even been there for,I dunno 30 yrs if its still there. Still never been inside. We have a store in Fremont, but I bet that'll close soon.
@casey2230 3 роки тому
When will we see "The Rise and Fall" video of CNBC ??
@cherylmaclean4349 3 роки тому
We bought expensive dining room chairs last summer (2019) (they were on sale for $280 each) and wanted to get a few extra cheaper chairs to have as extras. We had to put the cheaper chairs together and none of them were level, not even close. We took them back, they ordered more, which we asked for them to build , and they were the same. Needless to say, we never purchased anything again from Pier 1. Ironically, when I didn’t want to pay in full before I received all of my chairs, the manager said, “Really? We’ve been in business for so long. What do you think is going to happen?” I said, “I know what is happening to your shares. Anything can happen.” Here we are less than a year later, bankrupt....
@gokuvegeta3163 3 роки тому
The reason for the high prices is because most everything was handmade and/or hand painted, so some things were unique, no two things were alike. Also, Pier 1 hired families from third world countries to produced their products, to help those communities and families. Most of their products were not massed produced.
@sherielowe4256 Рік тому
You could get actual Batik scarves, clothing , etc. They should have stayed unique.
@fineway7053 3 роки тому
I had to visit this store because my mom wanted to burn a hole through my dad's credit card with useless crap because they had a fight. They divorced and now she has been in and out of psych wards and my dad remarried someone else. I had no idea how this store was still standing until now considering there can only be so many crazy people with disposable credit on hand.
@EvanRustMakes 3 роки тому
lol