ABC News: Pier 1 to go out of business and close all 540 stores
Pier 1, the seller of wicker chairs and scented candles, said it will go out of business and permanently close all 540 of its stores
Another victim of coronavirus. The home decor chain, which was already in trouble was hoping to find a buyer, but the CEO says “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.”
