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Pier 1 Imports is calling it quits. The bankrupt home-goods retailer has asked a court for permission to liquidate its remaining 540 stores once they reopen after coronavirus-driven lockdowns, ending a 58-year legacy of selling glassware, wicker furniture and other home decor. Pier 1 said it is in talks with several prospective buyers to sell its remaining assets, including its intellectual property and e-commerce business, during a court-supervised auction on July 15. The company has tapped Gordon Brothers to begin liquidating its locations this weekend across the US, according to court documents. “It is now clear that Pier 1’s future...

FORT WORTH, Texas — Pier 1 Imports is closing nearly half its 942 stores as it struggles to draw consumers and compete online. The home decor company said Monday it is closing up to 450 stores and will also shutter distribution centers. It didn't say where the store closures would occur, but it operates stores in the U.S. and Canada. Pier 1 also plans layoffs at its corporate headquarters in Fort Worth, Texas. There are seven Pier 1 locations in the Pittsburgh area. We’re working to find out if any of those are on the closure list. The company didn’t...

Pier 1 Imports (NYSE: PIR) is moving up in the ranks of layoff kings by announcing that it will lay off another 10% of its "full time equivalent positions in its distribution center, home office, and field administration areas." The layoffs could hit stores too. The company disclosed that it is negotiating with landlords in an effort to negotiate lower rent payments to help cope with its tanking sales. In the press release, Pier 1 noted that "The Company has begun negotiating with landlords to achieve rental reductions across the chain. These negotiations may lead to the execution of early...

Washington DC, Dec. 09, 2005 (CNA) - Intervening in the heated debate about the mention of Christmas on the public square, Concerned Women for America (CWA) presented a first Christmas list showing which businesses are honouring the Reason for the Season (the birth of Jesus), which ones are not, and which have mixed records. It first lists the corporation ‘Nice’ or friendly to the Original Christmas tradition.  This year Macy's joins the NICE list because it has returned the explicit mention of Christmas and Merry Christmas to its stores and its ads. L.L. Bean, on the other hand, just barely...