SANTA MONICA, CA — Pier 1 Imports will reopen stores after the forced coronavirus closures, but only long enough to sell all inventory. The once-popular specialized home furnishings and accessories importer announced Tuesday that all 541 of its US stores will close and the company will be liquidated.
In a news release, Pier 1 announced: "the Company intends to sell its inventory and remaining assets, including its intellectual property and e-commerce business, through the court-supervised process."
The company filed for Chapter 11 bankruptcy protection in February and had been seeking a buyer, but once coronavirus forced the closure of all stores in March there were no offers.
Pier 1 has a store at 3000 Wilshire Blvd. in Santa Monica. There are more than a dozen stores sprinkled around Los Angeles County.
Pier 1 Imports was founded in San Mateo in 1962. It continues selling products online at pier1.com.
Patch Staffer Bea Karnes contributed to this report.
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