Pier 1 Imports Tustin Store Closing Up To 450 Locations

TUSTIN, CA — Pier 1 Imports, which has six locations in Orange County, is closing hundreds of stores, the company announced Monday. The retail chain said up to 450 locations — about half of its total — would be closed to “better align its business with the current operating environment.”

The company plans to close certain distribution centers and lower its corporate spending, as well as lay off workers at the corporate level.

The home furnishing store is using a third-party liquidator to help with the closings, noting that its lenders signed off on its plan to reduce its brick-and-mortar footprint.

Robert Riesbeck, CEO and CFO of the retail chain, thanked store workers for their hard work and commitment to serving customers.

“Although decisions that impact our associates are never easy, reducing the number of our brick-and-mortar locations is a necessary business decision,” he said in a statement.

The planned closures come as the company deals with less foot traffic.
Net sales for the third quarter plummeted more than 13 percent to $358.4 million. That number was $413.2 million in the same quarter for the previous fiscal year. Company comparable sales fell more than 11 percent compared to the same period a year ago.

Here are the Pier 1 locations for Orange County:

• 32411 Golden Lantern, Laguna Niguel
• 23620 El Toro Road, Lake Forest
• 8156 East Santa Ana Canyon Road, Anaheim
• 2710 Harbor Boulevard, Costa Mesa
• 2395 East Imperial Highway, Brea
• 18557 Main Street, Huntington Beach

The Pier 1 locations listed as closing in Orange County, according to LA Daily News, are:

• 763 S Main Street, Orange
• 415 East Avenida Pico, San Clemente
• 2822 El Camino Real, Tustin
• 28371 Marguerite Parkway, Mission Viejo
• 26771 Aliso Creek Rd, Aliso Viejo

Last fall, Pier 1 announced up to 145 stores closings were possible in coming months.

Founded with a single location in 1962, Pier 1 Imports currently operates 936 stores in the United States.

Patch reporter Dan Hampton contributed to this report.