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Another chain bites the dust - RIP Pier 1 Imports
Posted on 5/19/20 at 11:18 am
Posted on 5/19/20 at 11:18 am
Pier 1 Imports looking to shut down stores ‘as soon as reasonably possible’
They were struggling before but hanging on. The shut down finished them off.
They were struggling before but hanging on. The shut down finished them off.
quote:
FORT WORTH, Texas (Gray News) - Pier 1 Imports will likely not survive after filing for bankruptcy, as the struggling retailer announced Tuesday it is looking to cease operations.
The company has filed a motion seeking bankruptcy court approval to close stores “as soon as reasonably possible” after store locations are able to reopen amid the coronavirus pandemic.
CEO Robert Riesbeck said this was not the outcome the company was hoping for after filing for bankruptcy.
“This decision follows months of working to identify a buyer who would continue to operate our business going forward,” Riesbeck said. "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 will look to begin liquidation sales as soon as stores reopen, and customers can still shop online.
39
Posted on 5/19/20 at 11:19 am to stout
I’m honestly surprised they held on this long.
Posted on 5/19/20 at 11:19 am to stout
Pier 2 finna eat.
Posted on 5/19/20 at 11:19 am to stout
I thought they had already done this. They didn't have much hope, even before the corona mess.
Posted on 5/19/20 at 11:20 am to stout
Nooooooooooooooooooo!!!! There are still so many things that I never needed! 
Posted on 5/19/20 at 11:20 am to BluegrassBelle
quote:
I’m honestly surprised they held on this long.
Yep. This has been dragged out for years.
Posted on 5/19/20 at 11:20 am to stout
Pier One announced bankruptcy before COVID hit. They've been having liquidation sales for a while.
I know this because my wife dragged me in there in January to look at fricking pillows.
I know this because my wife dragged me in there in January to look at fricking pillows.
This post was edited on 5/19/20 at 11:33 am
Posted on 5/19/20 at 11:26 am to stout
I guess it's time to see what the local stores have at a discount.
Posted on 5/19/20 at 11:29 am to stout
Great place to use the public bathroom if you're a man. Always clean and seemingly hardly used.
Posted on 5/19/20 at 11:30 am to stout
quote:
Another chain bites the dust - RIP Pier 1 Imports
They been going out of business for many years now.
This government shut down will get the blame for many of failing business that have to shut down when the real culprit in their failing is and will continue to be online shopping. Especially in the cheap crap sector of retail sales.
Posted on 5/19/20 at 11:31 am to Jake88
Wayfair and Overstock definitely had an adverse impact on their business
Posted on 5/19/20 at 11:33 am to Slagathor
quote:
There are still so many things that I never needed!
you and my wife can go there together to shop the clearance sale they will have. yall will "save" so much money!!
Posted on 5/19/20 at 11:33 am to stout
Goddamned liberal arse millennials at it again.
When will they ever learn?
When will they ever learn?
This post was edited on 5/19/20 at 11:37 am
Posted on 5/19/20 at 11:33 am to stout
Sad........
Posted on 5/19/20 at 11:41 am to stout
they charged neiman marcus prices for ikea-quality furniture.
not surprising. i think i walked into one here about 1 time in 10 years and was like 'yep, they still want $700 for a bamboo chair' and walked out.
not surprising. i think i walked into one here about 1 time in 10 years and was like 'yep, they still want $700 for a bamboo chair' and walked out.
Posted on 5/19/20 at 11:43 am to Snipe
quote:
They been going out of business for many years now.
This government shut down will get the blame for many of failing business that have to shut down
Well this is Covid in a nutshell isn't.
Posted on 5/19/20 at 11:45 am to stout
Can't say this bothers me at all. In the end they and so many more like them are just knick knack crap people don't need anyway. Made in China crap to boot. If we want to ever crawl out from under the consumerism mess we've built for ourselves, this is a good place to start.
Posted on 5/19/20 at 11:45 am to crispyUGA
quote:
my wife dragged me in there in January to look at fricking pillows
Well? Did you find any worth fricking?
Posted on 5/19/20 at 11:46 am to stout
Having imports in your name probably doesn’t help.
Posted on 5/19/20 at 11:50 am to PrivatePublic
Asking the real questions. This wasn't sex pillows for positioning, these were fricking pillows.
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