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stout
Arizona Fan
Back in God's Country
Member since Sep 2006
143624 posts
 Online 

Another chain bites the dust - RIP Pier 1 Imports
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.



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.


BluegrassBelle
Kentucky Fan
RIP Hefty Lefty - 1981-2019
Member since Nov 2010
80631 posts
 Online 

re: Another chain bites the dust - RIP Pier 1 Imports
I’m honestly surprised they held on this long.


OysterPoBoy
LSU Fan
City of St. George
Member since Jul 2013
19421 posts
 Online 

re: Another chain bites the dust - RIP Pier 1 Imports
Pier 2 finna eat.


LegendInMyMind
Member since Apr 2019
5836 posts

re: Another chain bites the dust - RIP Pier 1 Imports
I thought they had already done this. They didn't have much hope, even before the corona mess.


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190
Slagathor
Makin' jokes about your teeny tiny
Member since Jul 2007
28950 posts

re: Another chain bites the dust - RIP Pier 1 Imports
Nooooooooooooooooooo!!!! There are still so many things that I never needed!


momentoftruth87
LSU Fan
Member since Oct 2013
34067 posts
 Online 

re: Another chain bites the dust - RIP Pier 1 Imports
quote:


I’m honestly surprised they held on this long.


Yep. This has been dragged out for years.


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140
crispyUGA
Georgia Fan
Member since Feb 2011
14584 posts

re: Another chain bites the dust - RIP Pier 1 Imports
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.
This post was edited on 5/19 at 11:33 am


LSUAlum2001
LSU Fan
Stavro Mueller Beta
Member since Aug 2003
41706 posts

re: Another chain bites the dust - RIP Pier 1 Imports
I guess it's time to see what the local stores have at a discount.


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80
Jake88
George Mason Fan
LSU/Saints Fan
Member since Apr 2005
43443 posts

re: Another chain bites the dust - RIP Pier 1 Imports
Great place to use the public bathroom if you're a man. Always clean and seemingly hardly used.


Snipe
Member since Nov 2015
5173 posts

re: Another chain bites the dust - RIP Pier 1 Imports
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.


Paul Allen
Notre Dame Fan
Montauk, NY
Member since Nov 2007
62452 posts
 Online 

re: Another chain bites the dust - RIP Pier 1 Imports
Wayfair and Overstock definitely had an adverse impact on their business


ksayetiger
Wisconsin Fan
Centenary Gents
Member since Jul 2007
55077 posts

re: Another chain bites the dust - RIP Pier 1 Imports
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!!


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130
AlonsoWDC
Memphis Fan
Memphis, where it ain't Ten-a-Key
Member since Aug 2014
6504 posts

re: Another chain bites the dust - RIP Pier 1 Imports
Goddamned liberal arse millennials at it again.

When will they ever learn?
This post was edited on 5/19 at 11:37 am


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616
dukke v
LSU Fan
PLUTO
Member since Jul 2006
175870 posts

re: Another chain bites the dust - RIP Pier 1 Imports
Sad........


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40
CAD703X
Toledo Fan
Liberty Island
Member since Jul 2008
64842 posts

re: Another chain bites the dust - RIP Pier 1 Imports
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.


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330
BlackPawnMartyr
Alabama Fan
Houston, TX
Member since Dec 2010
12823 posts

re: Another chain bites the dust - RIP Pier 1 Imports
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.


Sao
SMU Fan
East Texas Piney Woods
Member since Jun 2009
43387 posts

re: Another chain bites the dust - RIP Pier 1 Imports

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.


PrivatePublic
TBD Fan
Member since Nov 2012
15997 posts

re: Another chain bites the dust - RIP Pier 1 Imports
quote:

my wife dragged me in there in January to look at fricking pillows


Well? Did you find any worth fricking?


Bengalbio
Tampa, FL
Member since Feb 2017
587 posts

re: Another chain bites the dust - RIP Pier 1 Imports
Having imports in your name probably doesn’t help.


ZappBrannigan
LSU Fan
Member since Jun 2015
6604 posts

re: Another chain bites the dust - RIP Pier 1 Imports
Asking the real questions. This wasn't sex pillows for positioning, these were fricking pillows.


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