Pier One Chairs (2024)

FAQs

Is Pier 1 Imports completely out of business? ›

On May 30, it was announced that Pier 1 Imports had received court approval to liquidate all locations. Pier 1 announced that they plan to close all stores by the end of October 2020. In June 2020, Retail Ecommerce Ventures (REV) acquired Pier 1 for $31 million.

Home decor retailer Pier 1 has officially made a comeback by relaunching its online store after filing for Chapter 11 bankruptcy and ceasing all operations.

Can I still use my card? Your account will no longer be accepted as a form of payment as of August 31, 2020. Your account will be closed on October 30, 2020.

And, compared to the brick-and-mortar home goods stores where Pier 1 customers actually shopped, Pier 1 seemed expensive: the same or similar items were more affordable elsewhere.

Founded in 1962, the American home furnishings and accessories brand was acquired in 2020 by incubator Retail Ecommerce Ventures (REV). The new Pier 1 team is based in Dallas, Texas.

How many Pier 1 Imports stores are there in the United States? There are 484 Pier 1 Imports stores in the United States as of February 17, 2023.

If you haven't seen the sad news, the beloved home decor store Pier 1 is closing after a nearly 60-year run. The company has been known and loved for decades for its huge selection of affordable, cute home items, ranging from furniture and outdoor pieces to dinnerware sets and accents like pillows and rugs.

Omni Retail Enterprises is a new company that has acquired most of the assets from REV. The transaction that ceded the REV assets to Omni Retail terminated REV as an operating entity. With the transaction, Omni Retail is now the parent company of Pier 1.com, DressBarn.com, BodyBuilding.com and Mentorbox.com.

Select Pier 1 stores reopened on May 22 for going-out-of-business sales. You can no longer return items purchased before September 1, 2020; same thing goes for gift cards or store credit—anything from the old Pier 1 is no good. Here's the good news: Pier 1 has relaunched as an online retailer. That's right!

Pier 1 Imports competitors include Amazon, Ethan Allen, Home Goods, World Market and Serena & Lily.

Can I still use my Pier 1 Imports gift card? ›

While Pier One stores are still open, the company is not allowing any gift card to be used, 30 days after each store reopened after the COVID-19 shutdown.

Fort Worth, TX

Pier 1 Imports / Headquarters

The Downfall: A Series of Missteps 📉

Around 2005, Pier 1 Imports started facing increased competition from similar stores and discount stores like Walmart and Target. One of their biggest mistakes was shutting down their online store in 2007, making it easy for online competitors like Amazon to take their market share.

It received a score of 31-40% in the 2023 Fashion Transparency Index. It has a limited policy to support diversity and inclusion in its direct operations and supply chain. There's no evidence it ensures workers are paid living wages in its supply chain.

In 1962, with the help of the Tandy Corporation, Cost Plus Imports incorporated and opened franchised locations in California and Texas. The franchised stores would, by 1966, be renamed Pier 1 Imports, while Amthor's original chain retained the Cost Plus name.

One of Los Angeles' most famous attractions is under new ownership. Santa Monica Pier's Pacific Park, the amusem*nt park on stilts that has been featured in films like Forrest Gump and Iron Man and in the opening titles of Three's Company, has sold to SC Holdings.

Pier 1 Imports competitors include Amazon, Ethan Allen, Home Goods, World Market and Serena & Lily.

Owned by the Russell family, Pier 1 is Montego Bay's most pulsating open-air Restaurant, Bar and unique Entertainment Centre that has been in operation since 1986. It is Located on a picturesque peninsula overlooking the bay, while you get a feel of being on a ship as you dine in the most breathtaking atmosphere.