Pier 1's moment of truth

Retail Drive

Cristina Fernández, Telsey Advisory Group, senior research analyst, was mentioned in a Retail Dive article about The Pier 1 bankruptcy.

“I think it would be tough to get a buyer,” Cristina Fernández, director and senior analyst with Telsey Advisory Group, told Retail Dive. She points out that Pier 1 ran a sale process without a buyer. “Among the companies we cover, I don’t see who would buy them.”

Bed Bath & Beyond, to take one example, is one of Pier 1’s largest competitors, but as Fernández notes, that company has problems of its own. Private equity is another possible scenario, “but it’s hard to turn around a company that has been generating double digit comp [declines],” she said.

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