Pier One Imports, once the go-to store for Gen Xers furnishing their first apartments, is going out of business.
The company, which permanently closed nearly half of its stores and filed for bankruptcy earlier this year, is seeking approval to begin an “orderly wind-down” of its retail operations after being unable to find a buyer.
Pier 1 plans to hold going-out-of-business sales at its 541 stores once they reopen.
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