Pier 1 Imports filed for Chapter 11 bankruptcy last Monday, Feb. 17, barely two months into the New Year.

Despite the retail giant’s declining sales over the last six years, they seemed relatively unphased by the retail apocalypse.

So what’s next?

 

Pier 1 Imports is closing nearly half of its stores in the U.S. and Canada.

Pier 1 Imports announced they will close up to 450 stores across the U.S., including all of its Canadian locations and two distribution centers.

Closing dates vary by location, but they’ve already closed or initiated going-out-of-business sales in 400 locations.

Alabama Pier 1 closures

  • Dothan: 200 Buyers Drive
  • Foley: 2863 S McKenzie St.
  • Hoover: 1727 Montgomery Highway Riverchase
  • Mobile: 3787 Airport Blvd.
  • Tuscaloosa: 1525 Skyland Blvd.

Alaska Pier 1 closing stores

  • Anchorage: 1124 N Muldoon Road
  • Anchorage: 8535 Old Seward Highway
  • Fairbanks: 340 Merhar Ave.

Arizona Pier 1 closing stores

  • Chandler: 2600 W. Chandler Blvd.
  • Peoria: 10092 West Happy Valley Road
  • Phoenix: 12657 North Tatum Blvd.
  • Phoenix: 1743 East Camelback Road
  • Phoenix: 4717 East Ray Road
  • Phoenix: 2501 W. Happy Valley Parkway
  • Tucson: 5919 East Broadway Blvd.

Arkansas closing Pier 1 stores

  • Jonesboro: 2300 E. Highland Drive
  • Little Rock: 724 South Bowman Road

California Pier 1 closing stores

  • Aliso Viejo: 26771 Aliso Creek Road
  • Arroyo Grande: 901 Rancho Parkway
  • Chula Vista: 878 Eastlake Parkway
  • Citrus Heights: 6245 Sunrise Blvd.
  • Colma: 101 Colma Blvd.
  • Cupertino: 20610 Stevens Creek Blvd.
  • Del Mar: 2671 Via De La Valle
  • Escondido: 1272 Auto Parkway
  • Eureka: 3300 Broadway St.
  • Fremont: 39198 Fremont Blvd.
  • Goleta: 6996 Marketplace Drive
  • La Jolla: 8657 Villa La Jolla Drive
  • Long Beach: 7641 Carson Blvd.
  • Los Angeles: 5711 Hollywood Blvd.
  • Los Gatos: 636 Blossom Hill Road.
  • Manhattan Beach: 1800 C Rosecrans Ave.
  • Marina Del Rey: 13455 Maxella Ave.
  • Merced: 1778 W Olive Ave.
  • Mission Viejo: 28371 Marguerite Parkway
  • Montclair: 5440 Moreno St.
  • Napa: 3900 Bel Aire Plaza
  • Newport Coast: 8072 East Coast Highway
  • Northridge: 8940 Tampa Ave.
  • Novato: 108 Vintage Way
  • Orange: 763 S Main St.
  • Pacific Grove: 490 Lighthouse Ave.
  • Pasadena: 422 South Lake Ave.
  • Redwood City: 1087 El Camino Real.
  • Riverside: 2800 Campus Parkway
  • Riverside: 3784 Tyler St.
  • Salinas: 1520 North Main St.
  • San Clemente: 415 East Avenida Pico
  • San Francisco: 3535 Geary Blvd.
  • San Mateo: 2003 Chess Drive.
  • San Rafael: 409 Third St.
  • Santa Maria: 230 East Betteravia Road
  • Santa Monica: 3000 Wilshire Blvd.
  • Studio City: 12160 Ventura Blvd.
  • Thousand Oaks: 33 N Moorpark Road
  • Torrance: 23000 Hawthorne Blvd.
  • Tustin: 2822 El Camino Real.
  • Visalia: 4018 S Mooney Blvd.
  • Walnut Creek: 1902 Mt. Diablo Blvd.
  • West Covina: 2700 E Workman Ave.

Colorado closing Pier 1 stores

  • Avon: 220 Beaver Creek Place
  • Boulder: 2530 Arapahoe
  • Colorado Springs: 1685 Briargate Parkway
  • Colorado Springs: 3030 New Center Point
  • Littleton: 7301 S Santa Fe Drive

Connecticut Pier 1 closures

  • Avon: 385 West Main St.
  • Bristol: 594 Farmington Ave.
  • Danbury: 1 Sugar Hollow Road
  • Hamden: 2335 Dixwell Ave.
  • Norwalk: 777 Connecticut Ave.
  • South Windsor: 69 Evergreen Way

Delaware Pier 1 closure

  • Dover: 1231 North Dupont Highway

Florida Pier 1 closing stores

  • Atlantic Beach: 1071 Atlantic Blvd.
  • Davie: 3470 South University Drive
  • Largo: 2351 101st St.
  • Orlando: 2788 E Colonial Drive.
  • Pompano Beach: 1981 North Federal Highway
  • Tampa: 16318 North Dale Mabry
  • Tampa: 6907 Gunn Highway.
  • Tavernier: 91214 Overseas Highway

Georgia Pier 1 closing stores

  • Albany: 2620 Dawson Road
  • Atlanta: 1544 Piedmont Road.
  • Atlanta: 3101 Cobb Parkway SE
  • Atlanta: 3232 Peachtree Road
  • Brunswick: 181 Golden Isles Plaza
  • Decatur: 3795 North Druid Hills Road
  • Douglasville: 2850 Chapel Hill Road
  • Gainesville: 300 Pearl Nix Parkway
  • Macon: 5080 Riverside Drive.
  • Marietta: 1401 Johnson Ferry Road
  • Rome: 1438 Turner McCall Blvd. SW
  • Valdosta: 1819 Norman Drive.

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

Illinois Pier 1 closing stores

  • Algonquin: 718 South Randall Road
  • Aurora: 4362 East New York
  • Batavia: 481 North Randall
  • Bloomingdale: 360 W Army Trail Road
  • Bolingbrook: 1116 W Boughton Road
  • Bourbonnais: 1660 North State Route 50
  • Carbondale: 1401 East Main St.
  • Chicago: 1014 S Canal St.
  • Chicago: 1574 N Kingsbury St.
  • Dekalb: 2371 Sycamore Road
  • Forsyth: 987 S Route 51
  • Glenview: 2331 Willow Road
  • Mundelein: 3062 W. Route 60
  • Oak Park: 1143 West Lake St.
  • Schaumburg: 1522 E Golf Road
  • South Elgin: 358 Randall Road

Indiana closing Pier 1 stores

  • Bloomington: 849 Automall Road
  • Fort Wayne: 1750 Apple Glen Blvd.
  • Goshen: 4024 Elkhart Road
  • Kokomo: 1429 S Reed Road
  • Merrillville: 1685 East 80th Ave.
  • Valparaiso: 150 Silhavy Road
  • Warsaw: 2802 Frontage Road

Iowa Pier 1 closing stores

  • Coralville: 1401 Coral Ridge Ave.
  • Dubuque: 2531 NW Arterial
  • Sioux City: 4265 Sergeant Road
  • West Des Moines: 6305 Mills Civic Parkway

 

 

Kansas Pier 1 closures

  • Manhattan: 320 Southwind Place
  • Olathe: 15340 West 119th St.
  • Shawnee: 15300 Shawnee Mission Parkway

Kentucky Pier 1 closing stores

  • Elizabethtown: 1820 N Dixie Highway
  • Frankfort: 7800 John Davis Drive
  • Lexington: 4001 Nicholasville Road
  • Louisville: 2000 South Hurstborne Parkway
  • Owensboro: 5221 Frederica St.

Louisiana closing Pier 1 stores

  • Baton Rouge: 3535 Perkins Road
  • Harvey: 1629 Westbank Expressway
  • Houma: 1556 Martin Luther King Blvd.
  • Metairie: 8832 Veterans Memorial Highway
  • Monroe: 4681 Pecanland Mall Drive.
  • New Orleans: 5300 Tchoupitoulas St.
  • Slidell: 690 Town Center Parkway

Maine closing Pier 1 store

  • Augusta: 12 Stephen King Drive

Maryland Pier 1 closing stores

  • Baltimore: 1809 Reisterstown Road
  • California: 45098 Worth Ave.
  • Gaithersburg: 30 Grand Corner Ave.
  • Gambrills: 1352 Main Chapel Way
  • Nottingham: 8165-A Honeygo Blvd.
  • Ocean City: 12641 Ocean Gateway
  • Rockville: 12137 Rockville Pike B
  • Salisbury: 2320 North Salisbury Blvd.
  • Seekonk: 145 Highland Ave.
  • Westminster: 405 North Center St.

Massachusetts closing Pier 1 stores

  • Acton: 145 Great Road
  • Braintree: 120 Granite St.
  • Framingham: 1 Worcester Road
  • Hadley: 351 Russell St.
  • Holyoke: 98 Lower Westfield Road
  • Leominster: 289 North Main St., 15 Water Tower Plaza
  • North Andover: 133 Turnpike St.
  • Pittsfield: 555 Hubbard Ave.
  • Plymouth: 122 Colony Place Road
  • Taunton: 9 Mozzone Blvd.

Michigan closing Pier 1 stores

  • Allen Park: 3200 Fairlane Drive
  • Comstock Park: 3909 Alpine Ave. NW
  • Holland: 2308 North Park Drive
  • Lansing: 647 N Market Place Blvd.
  • Marquette: 3155 US Highway 41 West
  • Royal Oak: 31800 Woodward Ave.
  • Saginaw: 2508 Tittabawassee Road

Minnesota Pier 1 closing stores

  • Blaine: 4325 Pheasant Ridge Drive
  • Coon Rapids: 12760 Riverdale Blvd.
  • Eagan: 1275 Promenade Place
  • Eden Prairie: 574 Prairie Center Drive
  • Mankato: 1901 E Madison Ave.
  • Minnetonka: 11315 Highway 7
  • Oak Park Heights: 5855 Krueger Lane
  • Richfield: 2900 West 66th St.
  • Roseville: 2397 North Fairview Ave.
  • Saint Paul: 733 Grand Ave.
  • Shakopee: 8085 Old Carriage Court
  • St. Cloud: 3701 W Division St.

Mississippi closing Pier 1 stores

  • Hattiesburg: 1000 Turtle Creek Drive
  • Ridgeland: 900 East County Line Road
  • Tupelo: 3836 North Gloster St.

Missouri Pier 1 closing stores

  • Branson: 1041 Branson Hills Parkway
  • Jefferson City: 3535 Missouri Blvd.
  • Lee’s Summit: 1712 NW Chipman Road
  • Kansas City: 1011 W 136th St.
  • Kansas City: 8530 N Evanston Road
  • Saint Louis: 1805 S Brentwood Blvd.

Montana Pier 1 closures

  • Great Falls: 1601 Market Place Drive
  • Kalispell: 2375 US Highway 93 North.
  • Missoula: 2800 North Reserve

Nebraska closing Pier 1 stores

  • Lincoln: 2950 Pine Lake Road.
  • Omaha: 7405 Dodge St.
  • Omaha: 17110 Davenport St.
  • Papillion: 7809 Towne Center Parkway

Nevada Pier 1 closing stores

  • Las Vegas: 6680 N Durango Drive
  • Las Vegas: 4950 South Fort Apache Road

New Hampshire closing Pier 1

  • Keene: 36 Ash Brook Road

New Jersey Pier 1 closings

  • Cape May Court House: 5 Court House South Dennis
  • Cherry Hill: 801 Haddonfield Road
  • East Brunswick: 615 Route 18 South
  • East Hanover: 375 Route 10
  • Edgewater: 11 The Promenade
  • Flanders: 30 International Drive South
  • Flemington: 39 Reaville Ave.
  • Howell: 4759 Route 9 North
  • Millville: 2148 North Second St.
  • Ocean: 1100 Highway 35
  • Paramus: 58-64 Route 4 E
  • Princeton: 3512 Brunswick Pike
  • Woodbridge: 889 Saint George Ave.

New York closing Pier 1 stores

  • Bayshore: 1871 Sunrise Highway
  • Bedford Hills: 792 Bedford Road
  • Bohemia: 5187 Sunrise Highway
  • Bronx: 2146 Bartow Ave.
  • Brooklyn: 410 Gateway Drive
  • Carle Place: 216 Glen Cove
  • Cheektowaga: 1740 Walden Ave.
  • Commack: 118 Veterans Memorial Highway
  • Flushing: 191 – 24 Northern Blvd.
  • Huntington Station: 7 East Jericho Turnpike
  • Ithaca: 722 South Meadow St.
  • Kingston: 1165 Ulster Ave.
  • Larchmont: 1329 Boston Post Road
  • Long Beach: 214 East Park Ave.
  • Mohegan Lake: 3125 E Main St.
  • New Hartford: 4799 Commercial Drive
  • New Hyde Park: 1454 Union Turnpike
  • Port Chester: 427 Boston Post Road
  • Rego Park: 61-35 Junction Blvd.
  • Riverhead: 1470 Old Country Road
  • Rochester: 2475 W Ridge Road
  • Rochester: 300 Hylan Drive
  • Staten Island: 2385 Richmond Ave.
  • White Plains: 499 Tarrytown Road

North Carolina Pier 1 closing stores

  • Bismarck: 715 South Washington St.
  • Durham: 6807 Fayetteville Road
  • Gastonia: 3734 East Franklin Blvd.
  • Greensboro: 1210-C Bridford Parkway
  • Hendersonville: 88 Highland Square Drive
  • Morrisville: 2108 Village Market Place
  • Raleigh: 436 Daniels St.
  • Raleigh: 8391 Brier Creek Parkway
  • Rocky Mount: 1472 Jeffreys Road

Ohio Pier 1 closing stores

  • Cincinnati: 2689 Edmondson Road
  • Columbus: 3970 Morse Crossing
  • Columbus: 6672 Sawmill Road
  • Cuyahoga Falls: 392 Howe Ave. Last day listed as Feb. 26.
  • Fairborn: 2781-A Centre Drive, Beavercreek Towne Center
  • Lyndhurst: 24703 Cedar Road
  • North Olmsted: 25953 Great Northern Shop Center
  • Saint Clairsville: 50850 Valley Centre Blvd.
  • Strongsville: 18094 Royalton Road
  • Toledo: 5203 Monroe St.

Oklahoma closing Pier 1 stores

  • Oklahoma City: 5517 North Pennsylvania Ave.
  • Stillwater: 2144 N Perkins Road

Oregon Pier 1 closure

  • Roseburg: 780 NW Garden Valley Blvd.

Pennsylvania Pier 1 closing stores

  • Fairless Hills: 630 Commerce Blvd.
  • Feasterville: 120 East Street Road
  • Glen Mills: 975 Baltimore Pike
  • Hanover: 422 Eisenhower Drive
  • Harrisburg: 5104 Jonestown Road
  • King of Prussia: 140 Allendale Road Courtside Square
  • Monaca: 135 Wagner Road.
  • Paoli: 82 E Lancaster Ave.
  • Philadelphia: 2310 S Christopher Columbus.
  • Pittsburgh: 7219 B McKnight Road
  • Pottstown: 351 W. Schuylkill Road
  • Springfield: 1014 Baltimore Pike
  • Washington: 351 Washington Road
  • York: 2975 Concord Road

Rhode Island closing Pier 1 store

  • Westerly: 100 Franklin St.

South Carolina Pier 1 closures

  • Anderson: 120 Station Drive
  • Columbia: 250 Harbison Blvd.
  • Greenwood: 525 Bypass 72 N
  • North Charleston: 7643 North Rivers Ave.

Tennessee closing Pier 1 stores

  • Clarksville: 2819 Wilma Rudolph Blvd.
  • Germantown: 7730 Poplar Ave.
  • Jackson: 1241 Vann Drive
  • Knoxville: 8301 Kingston Pike
  • Madison: 2021 N Gallatin Road

Texas Pier 1 closing stores

  • Amarillo: 8511 West Interstate Highway 40
  • Arlington: 4145 South Cooper St.
  • Arlington: 780 Road to Six Flags St. East.
  • Burleson: 1107 N Burleson Blvd.
  • College Station: 1424 Texas Ave. South
  • Denton: 1800 S. Loop 288.
  • El Paso: 8889 Gateway Blvd. W.
  • Galveston: 6228 Broadway St.
  • Georgetown: 1019 West University Ave.
  • Houston: 110 Meyerland Plaza Mall.
  • Houston: 17725 Tomball Parkway
  • Houston: 2501 Rice Blvd.
  • Houston: 6815 Highway 6 N.
  • Irving: 7805 N MacArthur Blvd.
  • Lewisville: 500 E. Round Grove Road
  • Longview: 307 West Loop 281
  • Pasadena: 5660 Fairmont Parkway
  • Pearland: 3113 Silverlake Village Drive
  • San Antonio: 11625 Bandera Road
  • Wichita Falls: 4400 Kemp Blvd.

 

 

Utah closing Pier 1 stores

  • Centerville: 120 North Frontage Road
  • Orem: 374 E. University Parkway
  • Park City: 6535 Landmark Drive

Vermont Pier 1 closing store

  • South Burlington: 59 Garden St.

Virginia Pier 1 closing stores

  • Alexandria: 3901 Richmond Highway
  • Alexandria: 4609 Duke St.
  • Alexandria: 7684 Richmond Highway
  • Arlington: 1717 Clarendon Blvd.
  • Charlottesville: 1951 Swanson Drive
  • Christiansburg: 35 Conston Ave.
  • Colonial Heights: 729 Southpark Blvd.
  • Falls Church: 5857-A Leesburg Pike
  • Manassas: 8105 Sudley Road
  • Newport News: 12551 Jefferson Ave.
  • Springfield: 6751-A Frontier Drive
  • Stafford: 1250 Stafford Market Place
  • Sterling: 21050 Southbank
  • Virginia Beach: 1169 Nimmo Parkway

Washington closing Pier 1 stores

  • Everett: 1425 SE Everett Mall Way
  • Federal Way: 2424 South 320th St.
  • Redmond: 7225 170th Ave. NE
  • Seattle: 15725 Westminster Way
  • Tacoma: 4301 South Steele St.

Wisconsin Pier 1 closing locations

  • Fond Du Lac: 516 N Rolling Meadows Drive
  • Germantown: N96W18768 County Line Road
  • Glendale: 6010 North Port Wash Road
  • Janesville: 2800 Deerfield Drive
  • Kenosha: 6830 Greenbay Road
  • Racine: 2621 South Green Bay Road

Wyoming closing Pier 1 store

  • Casper: 555 Newport Road

 

In April, Pier 1 said that they would only close up to 145 stores. Here’s what happened:

Pier 1 Imports’ sales have been trending downward by almost 20% per quarter.

Last quarter, Pier 1’s net sales decreased by 20%, and their comparable sales dropped by 14%, but the company has been trending downward for some time. Competitors like Wayfair, Amazon, Walmart and Target siphoned off Pier 1’s market share over the years by selling similar home-goods merch online at a cheaper price.

In response to declining sales and mounting debt, Pier 1 recently accepted $256 million in debtor-in-possession financing from Wells Fargo, Bank of America, and Pathlight Capital LP, and have enlisted the help of financial advisors to restructure the company’s debt.

Pier 1 plans to push through the Chapter 11 bankruptcy with the help of financing and the cash flow generated from operations as they seek out a buyer.

 

What should you expect when shopping at Pier 1 now?

Pier 1 will remain open as it waits for a bidder. While that’s happening, you can expect to see liquidation sales in store and online, as they offload inventory that they call “non-go forward merchandise.”

So far, Pier 1 is pushing 20% off sales and buy-1-get-1 50% off, mix-and-match sales. Online, shoppers can still use coupons, gift cards and rewards. If you’re shopping the in-store liquidation sales, though, you can’t use coupons.

Assuming Pier 1 pulls itself together, you should expect prices to hike back up, so take advantage of these deals while you can.

 

Shop all Pier 1 deals now!

 

 

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Pier 1 Bankruptcy Forces Them to Close Up to 450 Stores