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Sales Decline

Real Estate
Here's How Q3 Westchester Housing Market Compared To Other Hudson Valley Counties: Report Here's How Q3 Westchester Housing Market Compared To Other Hudson Valley Counties: Report
Here's How Q3 Westchester Housing Market Compared To Other Hudson Valley Counties: Report A record-setting low number of inventory caused housing sales in the Hudson Valley to decline over the third quarter of 2023 despite intense competition among buyers, according to a new report.  The number of homes bought over the third quarter of 2023 declined in Westchester, Putnam, and Dutchess Counties, according to the Houlihan Lawrence Westchester-Putnam-Dutchess Q3 Market Report released on Wednesday, Oct. 11. Although the market showed declines in all three counties, median sales prices went up slightly as buyers intensely competed for the homes that were available, accord…

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by Ben Crnic
Business
Pier 1 Will Close Nearly Half Its Stores Amid Bankruptcy Speculation Pier 1 Will Close Nearly Half Its Stores Amid Bankruptcy Speculation
Pier 1 Will Close Nearly Half Its Stores Amid Bankruptcy Speculation Pier 1 Imports announced it will close up to 450 stores, nearly half of its 942 outlets. The news comes amid rumors unconfirmed that the retailer will soon file for bankruptcy and after another quarter of declining sales and losses. Pier 1 said sales decreased 11.4 percent compared to the third quarter of fiscal 2019. Pier 1, which did not reveal the timetable for store closures, said it plans to shut down some distribution centers and reduce its corporate headcount while also slashing expenses. To view the Pier 1 statement, click here.

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by Joe Lombardi