Pier 1 could be closing all its stores

In a press release today (Tuesday), the store said it is seeking court approval to liquidate its remaining stores after failing to find a buyer to keep the business going.

The company, which has closed hundreds of stores in recent years, filed for bankruptcy in February. Before the pandemic, it said it was planning on closing 450 shops, roughly half of its locations, for good.

Pier 1 plans to sell its remaining inventory and assets, including its intellectual property and e-commerce business, through a court-supervised auction, the release said.

I think that means, if you have any money on a Pier 1 gift card, ya better spend it quick!


Photo: Getty Images

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