Business & Tech
Pier 1 Announces 450 Store Closures: Marin Locations Uncertain
There are two Pier 1 stores in Marin County.
MARIN COUNTY, CA — Pier 1 Imports announced this week it intends to reduce its store footprint by up to 450 locations and it will close certain distribution centers. The company also said there will be layoffs at the corporate level.
Pier 1's business update came as part of its financial results for the third quarter ended Nov. 30, 2019.
There are two Pier 1 stores in Marin County. Details on closure locations have not yet been disclosed.
Find out what's happening in Mill Valleyfor free with the latest updates from Patch.
"Although decisions that impact our associates are never easy, reducing the number of our brick-and-mortar locations is a necessary business decision. We thank our team of hard-working associates for their commitment to Pier 1 and to serving our customers," said Robert Riesbeck, Pier 1's chief executive officer and chief financial officer.
To help manage the store closings, the company is using the services of a third-party liquidator.
Find out what's happening in Mill Valleyfor free with the latest updates from Patch.
Last fall, Pier 1 announced up to 145 store closings were possible in coming months.
Founded with a single location in 1962, Pier 1 Imports currently operates 936 stores in the U.S.
These are the Pier 1 locations in Marin County:
- Novato: 108 Vintage Way
- San Rafael: 409 3rd St.
Patch editor Toni McAllister contributed to this story.
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