The closures will occur after the company sells off its remaining inventory beginning on an unknown date, according to a May 19 news release.
The two Northwest Austin Pier 1 locations are temporarily closed due to the coronavirus pandemic, but they are 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.
“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 news release.
