Pier 1 Vernon Hills Slated For Closure Amid Company Bankruptcy

Vernon Hills IL

20 May, 2020

11:11 AM

Description

VERNON HILLS, IL — Having already closed more than 400 stores in February, Pier 1 Imports announced Tuesday that it plans to end retail operations at its remaining locations; That would include the one in the Rivertree Court strip mall in Vernon Hills, which currently listed on the Pier 1 website as temporarily closed. In a news release, the company described the decision to end its retail operations as an "orderly wind-down of business" that, at least for now, won't interfere with orders already placed on its website. "This decision follows months of working to identify a buyer who would continue to operate our business going forward," the news release continued. "Unfortunately, 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." Over the weekend, another legacy retailer, JCPenney — which has 29 Illinois locations — filed for bankruptcy. The company announced plans to close more than 200 stores.