news 3 months ago

Pier 1 Files For Bankruptcy, Prepares For Sale

Wochit Postables
Fort Worth, Texas-based home goods retailer Pier 1 has filed for bankruptcy. According to Business Insider, the company is filing for Chapter 11 bankruptcy. CEO and CFO Robert Riesbeck said Pier 1 is "pleased with the initial interest as we engage in discussions with potential buyers." In a press release, the company announced its intent to keep its stores and website "open and operating" throughout the bankruptcy.