Pier 1 confirmed May 19 that it 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 operations.
“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 CEO Robert Riesbeck said in a news release.
972-540-1826. www.pier1.com