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

Post a Comment

RULES: Comments are subject to approval before showing up. Please stay on topic and be civil.

Popular posts from this blog

Lost Retail: The history of Knob Hill Farms

Image
A picture of a Knob Hill basket. Credit: Wikipedia For today’s lost retail post I’ll be talking about an old, local chain of grocery stores called Knob Hill Farms. Knob Hill Farms was a chain of 10 warehouse-like “food terminals” in the Toronto area. These stores were pretty large for a supermarket at the time they operated ranging from 65,000 sqft to a gigantic 335,000 sqft. Due to financial issues, Knob Hill Farms closed/sold all their stores in 2000. History Knob Hill Farms was founded in 1954 by Steve Stavro as a more conventional grocery chain operating 9 markets in Toronto. It wasn’t until 1963 that Stravro opened his first 65,000 sqft “food terminal” in Markham. In 1971, Knob Hill Farms expanded into Pickering with its second terminal. Knob Hill Farms than opened their first Toronto store  in 1975 and second Toronto terminal opened in 1977. Their fifth store, which was billed as the largest food store in North America at the time, opened in 1978 in Mississauga. Thi
Read more

Walmart store Number Meanings

Image
Ever wondered what each of the store numbers that are on the top of Walmart receipts mean? These store numbers identify each Walmart store internally and seem to have a common pattern based on when each store was planned/opened. Here’s a list of the store numbers Walmart currently uses in Canada and what they mean. Note that they may be anomalies to this rule and stores may not follow these “rules”.  Last updated June 20 th , 2020. Store number Meaning 3xxx 1990s built store. Also used on former Woolcos. 10xx Usually used for 2000s stores. 11xx Early 2010s stores. 12xx Mid 2010s stores. If you have anything to add to this list, please let me know in the comments. Side note: I'll be switching to my summer posting schedule of 2 posts a month from July 1st till September 1st. Until the next one: DZ
Read more