Pier 1 To Permanently Close All Stores, Including Concord

Concord CA

19 May, 2020

5:52 PM

Description

CONCORD, CA —Pier 1 Imports will reopen stores after the forced coronavirus closures, but only long enough to sell all inventory. The once-popular specialized home furnishings and accessories importer announced Tuesday that all 541 of its U.S. stores will close and the company will be liquidated. In a news release, Pier 1 announced: "the Company intends to sell its inventory and remaining assets, including its intellectual property and e-commerce business, through the court-supervised process." The company filed for Chapter 11 bankruptcy protection in February and had been seeking a buyer, but once coronavirus forced the closure of all stores in March there were no offers. Pier 1 has a store in the Willows Shopping Center in Concord. Other East Bay stores are in Walnut Creek, Fremont, Dublin and Antioch. There are more than a dozen stores sprinkled around the Bay Area. Pier 1 Imports was founded in San Mateo in 1962. It continues selling products online at Pier1.com.