Pier 1 Imports

Pier 1 Imports is a global importer of imported decorative home furnishings and gifts. As of March 2, 2013, the Company had 1,062 stores in the United States and Canada. During the fiscal year ended March 2, 2013 (fiscal 2013), the Company opened 22 new Pier 1 Imports stores and closed 12 stores. The Company operates regional distribution center facilities in or near Baltimore, Maryland; Columbus, Ohio; Fort Worth, Texas; Ontario, California; Savannah, Georgia, and Tacoma, Washington. The specialty retail operations of the Company consist of retail stores and e-Commerce operations conducting business under the name Pier 1 Imports, which sell a range of furniture, decorative home furnishings, dining and kitchen goods, candles, gifts and other specialty items for the home.

A flashy firm that has scooped up a slew of bankrupt retail brands including RadioShack, Pier 1 Imports and Modell's Sporting Goods, is now in danger of filing for bankruptcy itself, The Post has learned.

Owner of RadioShack, Pier 1 and Modell's in danger of bankruptcy filing: sources

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Tuesday Morning Corp. landed a $35 million financing deal from the company that controls Pier 1 Imports in a move that will strengthen the retailer's balance sheet.

Tuesday Morning lands $35M Lifeline from Pier 1 Owner

Plenty of famous retail chains have collapsed both before and during a pandemic that has slammed brick-and-mortar stores, but some iconic names like Pier 1, Barneys New York and others are coming back – at least in some fashion. Barneys became the latest brand to rise from the dead recently when the retailer reopened as […]

Barneys, Pier 1 And Other Iconic-But-Bankrupt Retailers Are Coming Back To Life

In 2019, Pier 1 was facing competition from every angle and doing what it could to stem the losses. While overall sales grew from nearly $517 million in 1990 to more than $1.5 billion in 2019, same-store sales had fallen for three straight years — in 2017, 2018 and 2019.

The rise and fall of Pier 1

Bankrupt Pier 1 Imports is winding down its brick-and-mortar operation, but its brand name will survive online.

Bankrupt Pier 1 becomes a walking zombie

Two entrepreneurs who see a golden investing opportunity in the current retail distress have acquired the rights to the Pier 1 Imports brand.

Pier 1 Imports Gets A Second Chance Online, From E-Commerce Entrepreneurs

Ascena Retail Group

A number of retailers were already teetering on the brink of collapsing prior to the coronavirus pandemic slamming the industry.

These retailers filed for bankruptcy in 2020

Pier 1 Imports isn’t dead — it’s just heading to the web. The bankrupt home goods retailer — which revealed in May it was closing all of its 540 stores nationwide after 58 years in business — has sold the rights to its brand for $20 million to Retail ECommerce Ventures, a firm that bought.

Pier 1 Imports to become a web-only business after liquidating stores

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The fashion world has multiple issues but the single biggest problem is the inability to access credit markets. As business liquidity continues to shrink, the lines outside bankruptcy court get longer.

Retail: The Bankruptcy Bell Tolls, But Few Hear The Sound

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Reality is finally settling in on Wall Street Thursday. Stocks took a nasty tumble because of growing concerns about a second wave of Covid-19 cases. But the broader market is still up sharply since March -- and some of the biggest winners, oddly enough, have been shares of companies that have filed for bankruptcy.

Even bankrupt stocks soared in the latest market rally

Pier 1 is officially closing up shop after receiving approval from a bankruptcy court to cease and liquidate its retail operations.

Pier 1 is officially going out of business

Home goods retailer Pier 1 this week announced plans to liquidate its business after failing to find a buyer. Modell's announced plans to shutter its business in March.

The coronavirus is crushing bankrupt retailers' hopes for a rebound – and threatening even more jobs

The home goods retailer is giving up the ghost, entering a liquidation process as soon as bankruptcy courts and coronavirus orders will allow.

Pier 1 Imports Is Gone for Good

The bankrupt home décor retailer told the court it was winding down its business, unable to find a buyer or a way to remain open

Pier 1 Liquidating And Sailing Off Into The Sunset

The final nail is being driven in Pier 1's wicker casket: It's on the verge of completely shutting down three months after it filed for bankruptcy.

Pier 1 wants to close all its stores for good

Pier 1 Imports is calling it quits. The bankrupt home-goods retailer has asked a court for permission to liquidate its remaining 540 stores once they reopen, ending a 58-year legacy of selling colorful glassware, wicker furniture and other home decor.

Pier 1 Imports to close all 540 stores after 58 years

Home goods retailer Pier 1 Imports said Tuesday it is seeking bankruptcy court approval to wind down its business entirely after it was not able to find a buyer due to the coronavirus pandemic.

Home goods retailer Pier 1 plans to wind down its business after not finding a buyer

Pier 1 Imports Inc. PIRRQ, -2.09% said Tuesday it is seeking bankruptcy court approval to start an orderly wind-down of its business operations as soon as possible given current COVID-19 store closures.

Pier 1 Imports seeks bankruptcy court approval to pursue orderly wind-down of business operations

Bankrupt home-furnishings chain Pier 1 Imports has canceled plans to auction off its stores and other assets this week, according to court documents. The Fort Worth, Texas-based retailer pulled the plug on an auction that was slated for Tuesday “in light of the COVID-19 pandemic, increasing government shut-downs and overall unstable market conditions,” according to.

Pier 1 Imports cancels bankruptcy auction amid coronavirus crisis

Shoppers are avoiding malls, and may have no need for certain items until the pandemic passes.

Coronavirus May Kill These 4 Struggling Retailers

Pier 1 (PIR)  bankruptcy news is spreading following an official announcement from the company that it will be selling itself.
The post Pier 1 Bankruptcy: 9 Things for PIR Stock Investors to Know appeared first on InvestorPlace.

Pier 1 Bankruptcy: 9 Things for PIR Stock Investors to Know

At the end of November 2019, Pier 1 Imports Inc. (NYSE: PIR) operated 942 stores in the United States and Canada.

Pier 1 Wants to Sell the Company, Files for Chapter 11, but Are There Buyers?

Pier 1, the troubled home furnishings retailer that has closed hundreds of stores in recent years, filed for bankruptcy Monday.

Pier 1 files for bankruptcy

Pier 1 Imports is cleaning house. The home goods retailer filed for Chapter 11 bankruptcy protection on Monday, just weeks after it announced the closure of nearly half of its 942 stores.

News for Pier 1 Imports Stock (PIR)