Pier 1 Imports Closing Down Permanently


Getty

Getty

Pier 1 Imports plans to liquidate "as soon as reasonably possible," and shut down all stores across the country. The retail outlet joins the list of stores closing down due to the COVID-19 pandemic. Pier 1 announced the information on Tuesday.

"Ultimately, due to the combination of a challenging retail environment and the new reality and uncertainty of a post-Covid world, the company and its advisers determined that an orderly wind-down is the best way to maximize the value of Pier 1's assets," the company said in a press release.