The rumors have been swirling that Pier 1 could be the next retail shop in trouble. Now, it is confirmed that Pier 1 Imports has filed bankruptcy.
With this announcement, Pier 1 Imports will complete the process of closing up to 450 stores. This includes all current locations in Canada to be closed. Already in process of closing are over 400 store locations and 2 distribution centers. Exact locations not yet announced.
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photo credit: Pier 1