• Pier 1 files for bankruptcy protection as it struggles to compete against online retailers

    1 month ago - By ABC

    Home goods retailer Pier 1 Imports Inc. is filing for bankruptcy protection.
    Read more ...

     

  • Pier 1 Imports Files for Chapter 11 Bankruptcy Protection

    1 month ago - By Time

    Pier 1 Imports Inc. filed for Chapter 11 bankruptcy protection to facilitate a company sale after the retailer of eclectic home furnishings found itself squeezed by online rivals and crushed under too much debt.
    The Fort Worth, Texas-based retailer is in talks with multiple potential buyers, according to a statement Monday. Pier 1 also reiterated a plan to shut as many as 450 stores.
    “Today's actions are intended to provide Pier 1 with additional time and financial flexibility as we now work to unlock additional value for our stakeholders through a sale,” Chief Executive Officer Robert...
    Read more ...

     

  • Pier 1 Imports files for Chapter 11 bankruptcy

    Pier 1 Imports files for Chapter 11 bankruptcy

    1 month ago - By New York Post

    Pier 1 Imports is cleaning house. The home goods retailer filed for Chapter 11 bankruptcy protection on Monday, just weeks after it announced the closure of nearly half of its 942 stores. The Fort Worth, Texas-based retailer has been teetering on the brink of collapse for years as a slew of competitors from Target, Walmart,...
    Read more ...

     

  • Pier 1 files for bankruptcy protection amid online challenge

    1 month ago - By The Seattle Times

    Home goods retailer Pier 1 Imports Inc. said Monday that it has filed for bankruptcy protection. The Fort Worth, Texas-based company, which was founded in 1962, has been struggling with increased competition from online retailers such as Wayfair. Pier 1 said it will pursue a sale, with a March 23 deadline to submit bids. In...
    Read more ...