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Pier 1

Business
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
Macy's To Close Two Long Island Stores Macy's To Close Two Long Island Stores
Macy's To Close Two Long Island Stores More traditional brick-and-mortar retail stores on Long Island are set to shutter their doors as online shopping continues to corner the market for shoppers. Days after Pier 1 announced plans to close hundreds of stores nationwide, Macy’s announced that it will be closing more than two dozen stores in the coming months, including two on Long Island. According to Macy’s, the location at the Broadway Mall in Hicksville and on Vets Highway in Commack are among 28 nationally that will be closing their doors as soon as 12 weeks from now. A Macy’s spokesperson said that a clearance sale would be…

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by Zak Failla