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Pier 1

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Pier 1 Imports Closing All Stores, Going Out Of Business Pier 1 Imports Closing All Stores, Going Out Of Business
Pier 1 Imports Closing All Stores, Going Out Of Business Pier 1 imports is going out of business and closing all stores including e-commerce operations, the company said in a statement. The company announced plans to run liquidation sales through the end of October once stores can reopen in compliance with novel coronavirus (COVID-19) restrictions, officials said in a statement. Intellectual property will also be sold in the bankruptcy, officials said. “This is not the outcome we hoped for when we began this process, and we are deeply saddened to move forward with winding down Pier 1,” said Robert Riesbeck, Pier 1’s Chief Executive Officer and C…

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by Valerie Musson
Business
Victoria's Secret, Bath & Body Permanently Closing Stores Nationwide Victoria's Secret, Bath & Body Permanently Closing Stores Nationwide
Victoria's Secret, Bath & Body Permanently Closing Stores Nationwide Victoria’s Secret will permanently close about 250 stores in the United States and Canada this year, parent company L Brands announced.  Ohio-based L Brands did not detail the closure locations, but there are 1,635 stores nationwide.  L Brands also announced that 51 Bath & Body Works stores in the U.S. and Canada will close this year.  The popular retail chain joins others in announcing permanent store closures in recent weeks including J.Crew, Neiman Marcus, JC Penney, Macy's and Pier 1, accelerated by the coronavirus pandemic.  L Brands said it is evaluating all …

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by Jon Craig
Business
CT Location Among 28 Macy's Store Closures Announced CT Location Among 28 Macy's Store Closures Announced
CT Location Among 28 Macy's Store Closures Announced A Macy’s location in Connecticut is among more than two dozen being closed down nationwide, continuing the trend of traditional brick-and-mortar retailers shutting their doors. Just after Pier 1 announced plans to close nearly half its stores, Macy’s said that it will be closing at least 28 stores in the coming months, including the location in Meriden at the Westfield Meriden Mall. According to Macy’s, the location at the Westfield Mall will kick off a clearance sale by the end of January, which is expected to last two or three months. As many as 85 employees will be eligible to be relocat…

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by Zak Failla