Tip Line: 574-344-5557 | news57@abc57.com

Pier 1 going out of business, all stores closing

NEW YORK (AP) — Pier 1, the seller of wicker chairs and scented candles, said it will go out of business and permanently close all 540 of its stores.

The Fort Worth, Texas-based company said Tuesday that it was unable to find a buyer for its business after filing for bankruptcy protection earlier this year.

It will start going-out-of-business sales as soon as it can reopen stores that have been temporarily shut due to the coronavirus pandemic.

Pier 1 has struggled to compete with online retailers like Wayfair and Amazon, which sell sofas and coffee tables at a lower price and are delivered to doorsteps quickly.

Share this article:
Are you sure you want to delete this comment?
Close

0 Comments

Post a comment
Be the first to leave a comment!
Are you sure you want to delete this comment?