Tuesday, June 2, 2020

Pier 1 gets approval to liquidate stores, wind down operations

Retail Dive
A judge with the U.S. Bankruptcy Court for the Eastern District of Virginia on Friday approved Pier 1's plan to wind down its retail operations and shutter all of its stores. Liquidation sales will begin as soon as stores shuttered due to the coronavirus reopen, and the company expects the process to conclude by the end of October.

As previously announced, Pier 1 will sell its remaining assets, including its IP and e-commerce business, through a court-led sale. . . . more