⚡️Update: Pier 1 Reports Horrific Numbers⚡️

And then there is the “ghastly” sh*tshow that is Pier 1 Imports Inc. ($PIR). Back in January, we asked “Is Pier 1 on the Ropes? (Short “Iconic” Brands)” — a question that a lot of retail analysts now seem to be asking in the wake of a horrendous earnings report. How horrendous was it? Comp sales decreased 13.7% YOY, net sales decreased 19.5% YOY, and th…