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.

Categories: Business