Pier1 Imports Closing Stores! Pier 1 Imports has asked for the bankruptcy court to allow them to close all stores as soon as reasonably possible! They have been struggling, especially during the closures due to the pandemic. They have announced that they will close up to 450 stores nationwide. Orders placed on its website will continue to be fulfilled.
Robert Riesbeck, Pier 1’s Chief Executive Officer and Chief Financial Officer said, “We are grateful to our dedicated and hardworking associates, millions of customers and committed vendors who have collectively supported Pier 1 for decades. We deeply value our associates, customers, business partners and the communities in which we operate, and this is not the outcome we expected or hoped to achieve. This decision follows months of working to identify a buyer who would continue to operate our business going forward. Unfortunately, the challenging retail environment has been significantly compounded by the profound impact of COVID-19, hindering our ability to secure such a buyer and requiring us to wind down.”