It’s the end of an era!
“This decision follows months of working to identify a buyer who would continue to operate our business going forward. 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,” Pier 1’s CEO/CFO Robert Riesbeck revealedSo, what happens next? Currently, Pier 1 stores across the nation are already closed temporarily in accordance with safety guidelines.
It’s the latest untimely end of a “non-essential” store in the face of the pandemic. If it feels like Pier 1 has always been around, well, it effectively has for many of us — it was founded in 1962. On , the company describes its first customers as “post-World War II baby boomers looking for beanbag chairs, love beads, and incense.”
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