In a somewhat expected move, Fort Worth-based Pier 1 announced Monday that it began Chapter 11 bankruptcy proceedings and is pursuing a sale of the company.
Facing mounting losses and talk of bankruptcy, Fort Worth-based retailer Pier 1 Imports announced Monday it plans to close 450 stores nationwide. The 450 closures represent nearly half of its 1,000 North American stores located in all 50 states and Canada. A listing of which stores will be closed has not yet been released. The company also said it would…
Pier 1 Imports