pandemic Coronavirus

Pier 1 wants to close all its stores for good

Reading now: 626
www.clickorlando.com

It looks like Pier 1 won’t survive the coronavirus pandemic. The 58-year-old retailer specializing in home furnishings announced Tuesday that it’s asking the bankruptcy court to cease its retail operations “as soon as reasonably possible.” The company said it tried to find ways to remain in business, but liquidation was the best option.

Pier 1 currently has more than 500 stores, down from 1,000 last year. It plans to sell its remaining inventory, website and intellectual property.

Orders placed on its website will continue to be fulfilled. To keep up with the latest news on the pandemic, subscribe to News 6′s coronavirus newsletter or go to ClickOrlando.com/coronavirus.

Read more on clickorlando.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA