Pier 1 Imports -33% amid debt restructuring action

|About: Pier 1 Imports, Inc. (PIR)|By:, SA News Editor

Pier 1 Imports (NYSE:PIR) is down 33.2% to slide back below $1.00.

The retailer has tapped debt restructuring attorneys in order to help it with lender talks, sources tell Reuters. The company had $200M in long-term debt at the end of 2018.

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