Mass Layoffs And Store Closures 2020 Pier 1 Closing 450 Stores Bankruptcy Rumors Rise

Economic Collapse News January 9, 2020.
First, we look at Pier 1 imports as bankruptcy rumors swirl around the troubled retailer. Mall traffic has been down in recent years and honestly, Pier 1 is just one of many brick and mortar retailers in the same boat. We also see Macy's will be closing a call center iun Arizona and cutting 800 jobs, Then they announced they will be closing an additional 30 stores. Next, there is Catapillar which has typically been viewed as a leading indicator due to a unique connection to the construction industry. Now we see more mass layoffs in Peoria IL for Catapillar. Then hallmark who in their recent earnings report discussed their strong performance relatively yet they said these mass layoffs are necessary to move into the future... Also some bonus info

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