![]() "We are moving ahead in this process with the support of our lenders and are pleased with the initial interest as we engage in discussions with potential buyers. “Today’s actions are intended to provide Pier 1 with additional time and financial flexibility as we now work to unlock additional value for our stakeholders through a sale of the company,” Pier 1 CEO Robert Riesbeck said in a press release. Among them: Home decor enthusiasts are shopping both in bricks and mortar and online, and they continue to look for new and special finds for the home. Pier 1 is a retailer for furniture, rugs, curtains, dining and entertaining accessories, pillows, cushions, decor, lighting, candles, seasonal gifts and more. The deadline to submit qualified bids will be on or around March 23, pending court approval. Pier 1 Imports has a wide variety of home furnishings and decorations from couches and chairs to tablecloths and wall hangings. The company added that it is "engaged in discussions with multiple potential buyers" that could acquire the retailer out of bankruptcy. Because we search out the worlds most gifted artisans, find and develop fashion-forward trends, and handcraft. Pier 1 said they have initiated going-out-business sales at over 400 locations and is in the process of closing two distribution centers "to reflect its revised footprint." And thats just what you find at Pier 1 Imports. The company said Monday it plans to use this process to complete the closure of nearly half of its stores, which were announced last month, including all its stores in Canada, and to find a buyer for the struggling retailer. It's fast, convenient, and all right here. is a leading specialty retailer, operating more than 800 casual home furnishing stores in 48 U.S. 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. Your Account Center makes it easy to manage your credit account online: Pay bills, view past statements and more. ![]()
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