Pier 1 is going out of business and will close all 540 stores.
The home goods company said that it was unable to find a buyer for its business after filing for bankruptcy protection earlier this year.
Pier 1 will permanently close all 540 of its stores and will start going-out-of-business sales as soon as it can reopen stores that have been temporarily shut due to the coronavirus outbreak.
Pier 1 started as a single store in 1962 in San Mateo, California.
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