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Pier 1 Imports

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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, with 16 New Jersey stores, 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 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 Offic…

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by Valerie Musson
News
Pier 1 Closing All Stores For Good, Cites 'New Reality, Uncertainty Of Post-COVID World' Pier 1 Closing All Stores For Good, Cites 'New Reality, Uncertainty Of Post-COVID World'
Pier 1 Closing All Stores For Good, Cites 'New Reality, Uncertainty Of Post-covid World' Pier 1 Imports has become the latest retailer knocked against the ropes by the "new reality" of online shopping and finished off by COVID-19. Nearly 60 years after its first store opened -- and three months after filing for bankruptcy -- the company announced Tuesday that it wants to close all retail operations "as soon as reasonably possible." The explosion in online shopping, intense competition from larger chains and the coronavirus pandemic "are requiring us to wind down," Robert Riesbeck, Pier 1’s chief executive and chief financial officer, said in a statement. "This decisi…

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by Jerry DeMarco
Business
Pier 1 Imports To Close Trio Of North Jersey Stores Pier 1 Imports To Close Trio Of North Jersey Stores
Pier 1 Imports To Close Trio Of North Jersey Stores Pier 1 imports will be closing three of its North Jersey stores. The Paramus (Route 4 East), Edgewater and East Hanover stores are among the 450 locations nationwide to shutter. The Paramus location is expected to close in late February, NJ.com reports, although its Route 17 store in Paramus will remain open.  It is unclear when the other two stores will shutter. Merchandise is listed at between 20 and 40 percent off.

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by Cecilia Levine