Pier 1 to close Plano location on Preston Road as company prepares to go out of business

Pier 1 Imports is preparing to go out of business, the Fort Worth-based company announced May 19. (Sally Grace Holtgrieve/Community Impact Newspaper)
Pier 1 Imports is preparing to go out of business, the Fort Worth-based company announced May 19. (Sally Grace Holtgrieve/Community Impact Newspaper)

Pier 1 Imports is preparing to go out of business, the Fort Worth-based company announced May 19. (Sally Grace Holtgrieve/Community Impact Newspaper)

The Plano location of Pier 1 Imports will close permanently after it sells off its remaining inventory starting on an unknown date at 1805 Preston Road, Ste. A, Plano.

The store is currently closed because of coronavirus-related restrictions but 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.

“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.