Pier 1 and Bed Bath & Beyond’s futures in Victoria are uncertain.
Pier 1 announced to investors this week it was considering closing 45 stores next year as leases expire, but a company spokeswoman said Friday it would be premature to say whether Victoria’s store would be among them.
“We are committed to having a substantial store presence as a cornerstone of our go-forward strategy and will continue to optimize our footprint to align with the needs of the business,” Jennifer Engstrand Reeder said.
A week earlier, Bed Bath & Beyond announced a similar move.
“We expect to open approximately 15 new stores in fiscal 2019. This will be offset by a minimum of approximately 40 stores we expect to close,” Robyn D’Elia, chief financial officer and treasurer, said during an April 10 call to investors. “This number will grow unless we are able to negotiate more favorable lease terms with our landlords.”
A Bed Bath & Beyond representative could not be reached Friday for additional comment.
Bed Bath & Beyond reported to investors that its net sales declined by 11 percent in fiscal year 2018 ,while Pier 1 reported its net sales decreased by 19.5 percent during the same time period.