Pier 1 Imports Closing 6 Michigan Stores

MICHIGAN — Pier 1 Imports is closing hundreds of stores, the company announced, including six in Michigan. 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 locations for closing in Michigan, according to Business Insider:

• 2308 North Park Dr Holland MI
• 31800 Woodward Ave Royal Oak MI
• 3909 Alpine Ave Nw Comstock Park MI
• 647 N Market Place Blvd Lansing MI
• 3155 Us Highway 41 West Marquette MI
• 3200 Fairlane Drive Allen Park MI

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 has reached out to the company for a list of stores closing and will update when we hear back.

Patch reporter Dan Hampton contributed to this report.