02-17-2020, 12:41 PM
https://www.usatoday.com/story/money/202...555899002/
That didn't last long. Not sure by the list but maybe all the Hawaii stores are closing (edit, it appears all are closing):
Hawaii Pier 1 closings
Hilo: 111 E Puainako St.
Honolulu: 1170 Auahi St.
Kahului: 270 Dairy Road
Kailua - Kona: 74-5586 Palani Road
Kapolei: 4460 Kapolei Parkway
Lihue: 4303 Nawiliwili Road J
Pearl City: 1000 Kamehameha Highway
Pier 1 Imports is closing up to 450 locations, which includes all of its stores in Canada, the retailer said Monday as it filed for Chapter 11 bankruptcy protection.
More than a month after the Fort Worth, Texas-based home goods retailer said it would reduce its store footprint "to better align its business with the current operating environment," Pier 1 announced it filed for bankruptcy.
In a news release, Pier 1 said it has "closed or initiated going-out-business sales at over 400 locations," and the Canada stores are included in the previously announced 450 figure.
A list with 331 U.S. store closings was posted on A&G Realty Partners' website. According to Pier 1, the company is assisting with store closures and lease modifications.
The bankruptcy filing isn't unexpected.
In April 2019, after Pier 1 announced it could close as many as 145 stores, about 15% of its nearly 1,000 locations, S&P Global Ratings warned that the "potential for a bankruptcy filing or debt restructuring is continuing to increase" for Pier 1 as its retail performance continued "to deteriorate significantly."
USA TODAY reported in December that Pier 1 was one of several struggling retailers that faced the fight of their lives in 2020.
https://www.usnews.com/news/best-states/...-locations
"Pier 1 Imports Announces Closure of Hawaii Locations"
That didn't last long. Not sure by the list but maybe all the Hawaii stores are closing (edit, it appears all are closing):
Hawaii Pier 1 closings
Hilo: 111 E Puainako St.
Honolulu: 1170 Auahi St.
Kahului: 270 Dairy Road
Kailua - Kona: 74-5586 Palani Road
Kapolei: 4460 Kapolei Parkway
Lihue: 4303 Nawiliwili Road J
Pearl City: 1000 Kamehameha Highway
Pier 1 Imports is closing up to 450 locations, which includes all of its stores in Canada, the retailer said Monday as it filed for Chapter 11 bankruptcy protection.
More than a month after the Fort Worth, Texas-based home goods retailer said it would reduce its store footprint "to better align its business with the current operating environment," Pier 1 announced it filed for bankruptcy.
In a news release, Pier 1 said it has "closed or initiated going-out-business sales at over 400 locations," and the Canada stores are included in the previously announced 450 figure.
A list with 331 U.S. store closings was posted on A&G Realty Partners' website. According to Pier 1, the company is assisting with store closures and lease modifications.
The bankruptcy filing isn't unexpected.
In April 2019, after Pier 1 announced it could close as many as 145 stores, about 15% of its nearly 1,000 locations, S&P Global Ratings warned that the "potential for a bankruptcy filing or debt restructuring is continuing to increase" for Pier 1 as its retail performance continued "to deteriorate significantly."
USA TODAY reported in December that Pier 1 was one of several struggling retailers that faced the fight of their lives in 2020.
https://www.usnews.com/news/best-states/...-locations
"Pier 1 Imports Announces Closure of Hawaii Locations"