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PIR - How Federal Realty Investment Trust Is Surviving While Retail Struggles
Pier 1 Imports
The past year has been tough for retail. High-profile bankruptcies included Payless ShoeSource and Shopko; Fairway Markets recently filed Chapter 11, as did Pier 1 Imports. Outplacement firm Challenger, Gray, and Christmas, which tracks announced job cuts, reported that retailers announced the most cuts of any industry in 2019. What does this mean for retail real estate investment trusts (REITs) like Federal Realty Investment Trust(NYSE: FRT)?