Pier 1 Closing Nearly Half Of Its Stores

January 7, 2020 12:43 pm

FORT WORTH, Texas — Pier 1 Imports is closing nearly half of its 942 stores as it struggles to draw consumers and compete online. The home decor company said Monday it is closing up to 450 stores and will also shutter distribution centers. It didn’t say where the store closures would occur, but it operates stores in the U.S. and Canada. Pier 1 also plans layoffs at its corporate headquarters in Fort Worth, Texas. The company — which was founded in California in 1962 — has been trying to revamp its cluttered stores and change its offerings to appeal more to younger customers. But it is struggling to compete with budget-friendly home decor sites like Wayfair. There are seven Pier 1 locations in the greater Pittsburgh area. The company didn’t say how many workers will be impacted.