Pier 1 Is Going Out Of Business And Closing All 540 Of Its Stores

“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.”

Noooooooo!!! 😭

The wicker industry must be reeling

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Victoria’s Secret Parent Company Posts $296 Million LossVictoria's Secret plans to close about 250 stores in North America this year. lingerie_addict no big loss for my boobs
مصدر: wwd - 🏆 24. / 68 اقرأ أكثر »

Victoria's Secret to permanently close 250 stores in the US, Canada - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Oh damn, that's not good The pandemic didn't cripple their business. Terrible government overreach did that. Non essentials
مصدر: BusinessInsider - 🏆 729. / 51 اقرأ أكثر »