Due to the COVID-19 Pier 1 Imports is closing its store permanently. The retailer was already headed down a dark path when they decided to close 450 of their stores.
The company is blaming the temporary store closures due to the coronavirus pandemic as the reason they are shutting down their business for good.
“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” – Pier 1 Imports Press Release