Business & Tech
Pier 1 To Permanently Close All Stores, Including Mission Viejo
Stores will reopen long enough to sell-off all inventory.
MISSION VIEJO, CA — Pier 1 Imports will reopen stores after the forced coronavirus closures, but only long enough to sell all inventory. The once-popular specialized home furnishings and accessories importer announced Tuesday that all 541 of its US stores will close and the company will be liquidated.
In a news release, Pier 1 announced: "the Company intends to sell its inventory and remaining assets, including its intellectual property and e-commerce business, through the court-supervised process."
The company filed for Chapter 11 bankruptcy protection in February and had been seeking a buyer, but once coronavirus forced the closure of all stores in March there were no offers.
Find out what's happening in Mission Viejofor free with the latest updates from Patch.
Pier 1 has a store at 28000 block of Marguerite Parkway, with more stores sprinkled around Orange County.
Pier 1 Imports was founded in San Mateo in 1962. It continues selling products online at pier1.com.
Find out what's happening in Mission Viejofor free with the latest updates from Patch.
Patch Staffer Bea Karnes contributed to this report.
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