Pier 1 wants to close all its stores for good Company asked bankruptcy court to cease its retail operations ASAP
It looks like Pier 1 won’t survive the coronavirus pandemic.
The 58-year-old retailer specializing in home furnishings announced Tuesday that it’s asking the bankruptcy court to cease its retail operations “as soon as reasonably possible.”
The company said it tried to find ways to remain in business, but liquidation was the best option.
Pier 1 currently has more than 500 stores, down from 1,000 last year.
It plans to sell its remaining inventory, website and intellectual property.
Orders placed on its website will continue to be fulfilled.
To keep up with the latest news on the pandemic , subscribe to News 6′s coronavirus newsletter or go to ClickOrlando.com/coronavirus .
Copyright 2020 by CNN Newsource - All rights reserved.
JCPenney sold at Seminole Towne Center as Georgia-based group seeks new life for aging mall ▶ 1:10
JCPenney sold at Seminole Towne Center as Georgia-based group seeks new life for aging mall
‘Potential use’ plans unveiled for 7 Orange County schools up for closure ▶ 0:44
‘Potential use’ plans unveiled for 7 Orange County schools up for closure
New Smyrna Beach sees major relief with sand replenishment project ▶ 0:59
New Smyrna Beach sees major relief with sand replenishment project
Hundreds of dead fish found in drained pond near Seminole County construction site ▶ 0:54
Hundreds of dead fish found in drained pond near Seminole County construction site
Lightning capital of US no longer in Florida. Here’s the new top city ▶ 1:05
Lightning capital of US no longer in Florida. Here’s the new top city
Kissimmee weighs renewal of Freebee downtown ride contract ▶ 0:55
Kissimmee weighs renewal of Freebee downtown ride contract
Cape Canaveral council pleads with Brevard County not to close city’s only school ▶ 0:59
Cape Canaveral council pleads with Brevard County not to close city’s only school
Pile driving to cause noise, vibrations along State Road 417 in Oviedo. Here’s when ▶ 0:50
Pile driving to cause noise, vibrations along State Road 417 in Oviedo. Here’s when
Orlando officials confirm avian flu responsible for 19 swan deaths at Lake Eola Park ▶ 0:54
Orlando officials confirm avian flu responsible for 19 swan deaths at Lake Eola Park
Floridians split as some protest, others celebrate Maduro’s capture ▶ 1:20
Floridians split as some protest, others celebrate Maduro’s capture
Does Florida’s lone sports betting app have a competitor? It’s complicated ▶ 0:37
Does Florida’s lone sports betting app have a competitor? It’s complicated
Busy days ahead at Orlando International Airport as holiday travel wraps up ▶ 1:09
Busy days ahead at Orlando International Airport as holiday travel wraps up
Meet Clayton Royal Johnson, known for playing Andy in Seasons 4 and 5 of Stranger Things ▶ 1:31
Meet Clayton Royal Johnson, known for playing Andy in Seasons 4 and 5 of Stranger Things
Missing child found with ‘pervert’ during chaotic traffic stop in Flagler County, sheriff says ▶ 0:50
Missing child found with ‘pervert’ during chaotic traffic stop in Flagler County, sheriff says
Man flees over 100 mph after being pursued for armed robberies in Marion County ▶ 0:31
Man flees over 100 mph after being pursued for armed robberies in Marion County
Officials probe cause of 11 bird deaths at Orlando’s Lake Eola ▶ 0:54
Officials probe cause of 11 bird deaths at Orlando’s Lake Eola
Heroic neighbors help save man from house fire ▶ 0:59
Heroic neighbors help save man from house fire
What's going on with downtown Orlando? ▶ 0:18
What's going on with downtown Orlando?
13-year-old girl killed in Christmas day shooting ▶ 0:47
13-year-old girl killed in Christmas day shooting
Volusia Sheriff's Office rescues boy from pond ▶ 0:51
Volusia Sheriff's Office rescues boy from pond
Police and fishermen help rescue stranded French bulldog ▶ 0:47
Police and fishermen help rescue stranded French bulldog
Cocoa Beach police to Surfing Santas attendees: Park where you should, for goodness sake ▶ 0:53
Cocoa Beach police to Surfing Santas attendees: Park where you should, for goodness sake
Lake County 4-H ‘Goat Busters’ track down escaped goat in woods ▶ 0:46
Lake County 4-H ‘Goat Busters’ track down escaped goat in woods
Artifacts removed from Pulse site for preservation as building nears demolition date ▶ 0:58
Artifacts removed from Pulse site for preservation as building nears demolition date
Persistent internet sales pitches cause frustration among St. Cloud homeowners ▶ 0:49
Persistent internet sales pitches cause frustration among St. Cloud homeowners
Previous photo Next photo 
