Pier 1 Officially Going Out Of Business
PIER 1 IS OFFICIALLY GOING OUT OF BUSINESS
(CNN) – Pier 1 is officially going out of business.
Pier 1 Imports is closing-up shop after a court approved its bankruptcy application.
That now allows pier one to liquidate its retail operations in about 500 stores across the country, once they can re-open in the wake of pandemic.
Pier 1 had more than 1,000 stores at one point, selling home goods like furniture, pillows and decor.
It has struggled however because of online competition and big-box chains.
Pier 1 aims to have all its stores permanently shut down by October.