Pier 1 stores collect the top-notch pieces of furniture and home interior elements across the world to bring them to their US and Canada stores. Their quality control process is very serious, and they don’t deal with overpriced or low- quality items. They work in a middle- end niche of furniture shopping.
The retailer said it would begin liquidation sales once its stores are able to reopen to conduct them. In a notice on its website, Pier 1 said it expects to continue operating stores until early fall 2020, and that store closure dates would vary by location.
Furnish your entire home or just a few rooms at a time with Pier 1’s collection of unique furniture and home decor. Our wide selection of furniture gives you options from adding storage to a bathroom to luxurious bedroom sets.
Why Is Pier 1 Closing? Pier 1 filed for bankruptcy early on in 2020. It also tried and failed to find a buyer for the business. Because of COVID-19, the chain will be closing all stores still remaining in the United States—not half of their stores, as was announced earlier in 2020.
The retailer asked asked a federal judge last week to close the Pier 1 brand “as soon as reasonably possible” because of the pandemic and failing to find a buyer to rescue the nearly 60-year-old company. It decided that an “orderly wind-down is the best way to maximize the value of Pier 1’s assets.”
Clearance merchandise, any items marked “Final Sale” or marked nonreturnable may not be returned/exchanged. Returns/exchanges are not accepted on pillows, comforter sets, or other bedding products.
California Pier 1 closing stores Aliso Viejo: 26771 Aliso Creek Road. Arroyo Grande: 901 Rancho Parkway. Chula Vista: 878 Eastlake Parkway. Citrus Heights: 6245 Sunrise Blvd. Colma: 101 Colma Blvd. Cupertino: 20610 Stevens Creek Blvd. Del Mar: 2671 Via De La Valle. Escondido: 1272 Auto Parkway.
As of May 22, 2020, My Pier 1 Rewards cardholders may no longer earn points for purchases and no new certificates will be issued. All credit card benefits and offers have been discontinued. Due to the Pier 1 bankruptcy proceedings the My Pier 1 Rewards Credit Card program will be discontinued.
For 30 of the past 30 days, Pier1 .com has had a free shipping promotion. We know coupons and the best we’ve seen for Pier1 .com was 50% off in January of 2021 . Typical sitewide coupon savings for Pier 1 range between 10% and 50%.
Pier1 .com has relaunched as an online -only store for home furnishings and accessories. The company closed its brick-and-mortar locations this year as part of a bankruptcy plan. The $31 million purchase in July included Pier 1 ′s intellectual property, trademark name, customer lists and other e-commerce related assets.
In wake of the coronavirus crisis, J.C.Penney Company , Inc filed for Chapter 11 bankruptcy, joining retailers like J. In fact, 192 JCPenney locations are expected to close in 2020, and an additional 50 next year. That means, 29% of the retailer’s 846 stores (242 stores) will close by the end of 2021.
Store closures in 2020 JCPenney JCP +37.5% : 158 stores (bankruptcy) Pier 1 Imports PIR -18.4% : 936 stores (bankruptcy) Stage Stores SSI -20% : 738 stores (liquidating) Stein Mart SMRT +11.7% : 250 est. AT&T T +0.2% : 250 stores. GameStop GME -1.1% : 320 stores. Macy’s M +5.3% : 125 stores (over 3 years)
‘Tween clothing brand Justice will be closing all locations by early 2021. That’s right. Justice , the one-stop-shop for the cutest & most on-trend styles in tween girls ‘ clothing, is closing all of its retail stores after the holidays and switching to an online-only platform.