Furniture and home decor retailer Pier 1 Imports is closing all stores in Canada, the company announced today on its website.
According to a brief statement posted Monday, the company said Pier 1 is pursuing a sale of the Company and has commenced Chapter 11 proceedings in the U.S. to facilitate a sale process.
“In connection with this, the Company has made the decision to move forward in the U.S. and close all stores in Canada. We thank our customers in Canada for your continued loyalty and for shopping with us over the years,” the statement read.
To date, the Company has closed or initiated going-out-business sales at over 400 of its 942 stores in Canada and the U.S.