Pier 1 Imports announced it's consdering closing 45 more stores.
The home goods retailer shuttered 30 stores in its most recent fiscal year, leaving 973 locations in operation.
“As anticipated, our fourth-quarter sales and profitability were disappointing and reflect the execution issues we identified earlier in the year and have been working with urgency to correct," Cheryl Bachelder, interim Pier 1 CEO, said in a statement.
Net sales in its fiscal fourth quarter dropped 19.5% to $412.5 million.
Read more from the International Business Times.
Developers say city needs a variety of housing types to meet demand.