Bankruptcy Chapter 13 Bankruptcy Attorney. Willis & Associates. Pier 1 said it will go out of business and permanently close all 540 of its stores. The Texas-based company said Tuesday that it was unable to find a buyer for its business after filing for bankruptcy protection earlier this year.
Pier 1 will start going-out-of-business sales as soon as it can reopen stores that have been temporarily shut due to the coronavirus pandemic. The company joins other major retailers to since the disease erupted in the U.S. in March. Apparel maker J. Crew as well as department store chains J.C. Penney and Neiman Marcus have all declared bankruptcy this month.
