Skip to content
 
If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(CNBC)   Pier 1's owner buys bankrupt Stein Mart and will relaunch next year, saying there's plenty more room for sucky bankrupt brands to fail in this market   (cnbc.com) divider line
    More: Obvious, TJX Companies, Department store, Retailing, REV's Lopez, Marshalls, T.J. Maxx, private-label brands, Online shopping  
•       •       •

266 clicks; posted to Business » on 02 Dec 2020 at 10:43 AM (6 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



14 Comments     (+0 »)
 
View Voting Results: Smartest and Funniest
 
2020-12-02 9:26:40 AM  
I wish they would do this sooner, I really want a $79 singing Billy Bass mounted on my choice of teak, birch, or maple plaques.
 
2020-12-02 9:52:06 AM  
Stein Mart, because the Goodwill bric a brac isle won't fill itself.
 
2020-12-02 11:18:42 AM  
Are they just trying to buy all the retail real estate and hope to sell it all off later to Amazon as a drop off/pick up center? Be better off to just plow them all under and turn all the stores into green space.
 
2020-12-02 11:20:41 AM  

eagles95: Are they just trying to buy all the retail real estate and hope to sell it all off later to Amazon as a drop off/pick up center? Be better off to just plow them all under and turn all the stores into green space.


For a little while Stein Mart was with Whole Foods as the only Amazon lockers in my city.
 
2020-12-02 11:30:15 AM  

RolandTGunner: Stein Mart, because the Goodwill bric a brac isle won't fill itself.


Aisle dammit.

Homonyms, how do they work?
 
2020-12-02 11:36:07 AM  

12349876: eagles95: Are they just trying to buy all the retail real estate and hope to sell it all off later to Amazon as a drop off/pick up center? Be better off to just plow them all under and turn all the stores into green space.

For a little while Stein Mart was with Whole Foods as the only Amazon lockers in my city.


Real estate was all leased.
 
2020-12-02 12:01:47 PM  
It seems like it would be a rather niche business.
Fark user imageView Full Size
 
2020-12-02 12:01:50 PM  
Way back when I was a kid, we loved Stein Mart. You could get really good deals on Polo stuff but you had to inspect things to make sure they weren't messed up. I got home with a really nice Polo only to notice that it had one long sleeve and one short sleeve. Lol!
 
2020-12-02 12:02:31 PM  
Disappointed that Stein Mart isn't a store that sold glassware.
/loves me a good novelty mug
 
2020-12-02 12:28:06 PM  
Has any of these brand relaunches ever been successful?
 
2020-12-02 1:52:37 PM  
Never heard of Stein Mart and Pier 1 was always an interesting place to wander through, but never buy anything.
 
2020-12-02 2:38:32 PM  
Pier 1 Imports was fun when they actually sold interesting and obscure goods from exotic lands (and live aquarium fish for some reason), but in their later years it was just bland interior decorator crap that happened to be sourced overseas.
 
2020-12-02 4:14:44 PM  

zimbach: Pier 1 Imports was fun when they actually sold interesting and obscure goods from exotic lands (and live aquarium fish for some reason), but in their later years it was just bland interior decorator crap that happened to be sourced overseas.


They were doomed from the moment that big-box retailers figured out that they could copy Pier 1's business model (i.e. import goods from foreign countries with weaker currencies), and then apply their own economics of scale to make the final prices even lower.
 
2020-12-02 4:51:49 PM  

anfrind: zimbach: Pier 1 Imports was fun when they actually sold interesting and obscure goods from exotic lands (and live aquarium fish for some reason), but in their later years it was just bland interior decorator crap that happened to be sourced overseas.

They were doomed from the moment that big-box retailers figured out that they could copy Pier 1's business model (i.e. import goods from foreign countries with weaker currencies), and then apply their own economics of scale to make the final prices even lower.


You can replace big box with online storefronts and Pier 1 with just about every soft goods retailer.
 
Displayed 14 of 14 comments

View Voting Results: Smartest and Funniest

This thread is closed to new comments.

Continue Farking





On Twitter



  1. Links are submitted by members of the Fark community.

  2. When community members submit a link, they also write a custom headline for the story.

  3. Other Farkers comment on the links. This is the number of comments. Click here to read them.

  4. Click here to submit a link.