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Pier 1 Files for Bankruptcy

on 2.19.2020 at 9:20am
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pier 1 bankruptcy

Heads up shoppers! Pier 1 has just announced that they have filed bankruptcy. They are currently trying to borrow enough funds to keep them going while they find a buyer. Pier 1 says they are working with several potential buyers.

The bankruptcy isn’t a surprise. In January, Pier 1 announced in a press release they were closing 450 stores (that’s about half of their stores) and several distribution centers, including all the stores in Canada. Around 400 of the stores have already started going-out-of-business sales.

Some stores may have already closed and the closing dates of the other stores vary. If you have a question about a particular store, you could call the local store or Pier 1 customer service at 800-245-4595.

Remember, filing for bankruptcy doesn’t always end a business. They may use this to regroup and decrease costs to be more a profitable company.

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