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Monday, January 6, 2020

Pier 1 to shut up to nearly half of its stores, raises going concern doubts

Home decor and furniture retailer Pier 1 Imports Inc said on Monday it plans to close up to almost half of its stores, cut jobs and warned about its ability to continue as a going concern in a tough retail environment.


from Reuters: Business News https://ift.tt/2ZVfn1n

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Pound falls as borrowing costs rise to highest since 2008

Economists have warned the rise could ultimately mean further tax rises or cuts to spending plans. from BBC News https://ift.tt/ohNK5jU