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Pier 1 Imports is saying goodbye — and fast.
On May 19, the struggling home goods retailer announced that instead of closing half their stores forever, they were calling it quits, and that all 950 stores would be closing.
Just three days later, as Memorial Day weekend kicked off, Pier 1 started holding those liquidation sales.
Everything is on sale — so far up to 30% off.
That’s EVERYTHING. Furniture. Dining. Decor. Pillows, cushions and rugs. But the words “up to” are important.
More specifically, the website lists 10% off tabletop goods, 15% off coffee tables, 20% off Papasan chairs, up to 25% off living room furniture and dining chairs, and 30% off outdoor pillows/cushions.
Patio furniture is also 40% off.
A 4-piece wicker patio set (with cushions!) is on sale for $1,739.96, reg $2,899.96. A Swingasan hanging chair is $179.99, down from $299.99. There are also chairs, accent tables, sectionals and more, available online and in-store (and the online prices are 40% off).
Get free shipping for orders of $49 or more, or free pickup all the time.
Unless you’re buying furniture or rugs, shipping is free on orders of $49 or more. But if you are getting furniture or rugs, free store pickup is the way to go.
Be patient before buying; liquidation will take a few months.
Unless you’re worried that something you’ve had your eye on will get snatched up, you should be aware that Pier 1 says on their website that they think closing sales will end after 16 weeks — that’s September. (Specific store closing dates will vary by location.)
The 30% off discounts now will eventually get to 90%, with increases happening every 2-3 weeks — so keep checking back.
Store hours are Mondays noon to 6 PM, all other days noon to 7 PM.
Pier 1 had filed bankruptcy in February, and was closing nearly half of their stores.
That plan was to find a buyer and reduce expenses by closing 450 stores in 2020. But when the pandemic hit, stores had to close, and the value of the nearly 60-year-old chain dropped significantly. When no buyer could be found, Pier 1 decided liquidation was the only way forward.
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Like Toys’R’Us, Pier 1 could pop up in the future.
Remember how Toys’R’Us went out of business, liquidated their stores. . . and reemerged with Geoffrey’s Toy Box pop-ups and new, small-format stores?
Pier 1 has given up on keeping their stores alive, but is still hoping to find a buyer for their e-commerce business, inventory, and intellectual property. That means the Pier 1 stores might be dead, but the brand — which was so big in the 1990s — could make a nostalgic comeback at some future point.