Pier 1 plans to end all retail operations, blaming 'impact of COVID-19'

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    • #317044
      N2Doc
      Participant
      • Total Posts: 7,231

      Pier 1 Imports will end all retail operations, the company announced Tuesday, partially blaming the “impact of COVID-19.”

      The company filed for bankruptcy three months ago.

      Pier 1 announced that it filed a motion in Bankruptcy Court asking to end its retail operations “as soon as reasonably possible.” Company leaders pointed to the temporary closures during the pandemic and the inability to find a buyer as a reason for the shutdown.

      “Unfortunately, the challenging retail environment has been significantly compounded by the profound impact of COVID-19, hindering our ability to secure such a buyer and requiring us to wind down,” CEO and CFO Robert Riesbeck said in a release.

      more

      https://thehill.com/policy/finance/498526-pier-1-plans-to-end-all-retail-operations-blaming-impact-of-covid-19

    • #317058
      Awknid
      Participant
      • Total Posts: 77

      It was really innovative and looked a lot like what World Market now looks like.  I was inspired by it.   It stayed that way a long time before becoming “petty”.  I’m sorry to see it go.

    • #317091
      gordyfl
      Participant
      • Total Posts: 841

      I’ve been there a few times in the last few years. It seemed like they had more people working at the cash register than they had customers. They had some unique and interesting products.

    • #317093
      Ohio Barbarian
      Moderator
      • Total Posts: 13,885

      In fact, a few years ago we bought a great coat rack there. Holds heavy parkas no problem, and it’s still an attractive piece when it’s just a hat rack. Yup. I love hats.

      They had some interesting stuff. One more little part of my economic life is gone.

      It is better to vote for what you want and not get it than to vote for what you don't want and get it.--Eugene Debs

      If Democrats don’t stand for the people, why should people stand for them?--Jim Hightower

    • #317104
      Snort McDork
      Participant
      • Total Posts: 3,705

      Then maybe Pier-1 will have a shot at getting back in business.

      I'm Snort McDork and I approved this message.

      "I like birdy num-nums"

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