Retailer to close one of 4 Greater Cincinnati stores amid bankruptcy filing
Tuesday, 18 February 2020 A Fort Worth, Texas-based retailer, which was already in the process of closing up to 450 stores, on Monday became the latest U.S. retailer to seek Chapter 11 bankruptcy protection. Pier 1 Imports said in a statement that it intends to put itself up for sale as part of the bankruptcy process and that it already has the approval of its lenders to do so. The move comes weeks after Pier 1 said it would close half of its U.S. stores, including its Rookwood Commons location in Norwood. That leaves Pier…
Pier 1 Imports announced that it filed for Chapter 11 bankruptcy and is attempting to sell the company. Pier 1 previously announced it will close up to 450 stores due to widening losses at the company.
Fort Worth, Texas-based home goods retailer Pier 1 has filed for bankruptcy.
According to Business Insider, the company is filing for Chapter 11 bankruptcy.
CEO and CFO Robert Riesbeck said Pier 1 is..