Pier 1 to close Alpharetta location on North Point Parkway as company braces to go out of business

The Alpharetta location of Pier 1 Imports will close permanently after it sells off its remaining inventory starting on an unknown date at 6551 North Point Parkway, Alpharetta.

The store is currently closed due to the outbreak of COVID-19, but it is expected to reopen for the liquidation process.

Pier 1 confirmed May 19 that the company is preparing to go out of business "as soon as reasonably possible" after failing to secure a buyer that would have allowed it to continue operating. Pier 1 initially filed for Chapter 11 bankruptcy in February, store officials said in a news release Feb. 17.

"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," Pier 1 Chief Executive Officer Robert Riesbeck said in a May 19 news release.