Pier 1 to file for bankruptcy; close all Canadian stores

Pier 1 logo

Today, Pier 1 put a notice on their website saying that they are filing for Chapter 11 bankruptcy as the company pursues a sale of its US business. As a result, Pier 1 decided to cease Canadian operations and close all of their Canadian stores.
There goes another retailer killed by a changing industry. :(
Via CTV News

Comments

  1. Retail RetellFebruary 17, 2020 at 8:37 PM

    I saw the bankruptcy news, but didn't hear of the Canada stores closing. That's a shame. Pier 1 is one of my mom's favorite stores, so I'm hoping they'll make it through the bankruptcy.

    ReplyDelete
    Replies
    1. DomFebruary 18, 2020 at 7:38 AM

      Yeah. This came as a surprise to me. I hope that Pier 1 survives bankruptcy.

      Delete

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