Business & Tech
Pier 1 Bankruptcy Filing: Pittsburgh Stores Fate Unclear
Pier 1 Imports announced that it has filed bankruptcy and is searching for a buyer for the chain.
PITTSBURGH, PA - Having already announced the impending closure of 450 stores - including two in Pittsburgh - Pier 1 Imports announced Monday it is filing for Chapter 11 bankruptcy and pursuing the sale of the company.
It's unclear how those actions will impact its remaining stores. The remaining Pier 1 stores and website are open and operating, and the company said it "expects to operate its business in the normal course during this process."
The company said it expects to "smoothly transition" its business into Chapter 11, including continuing to pay wages and benefits, as well as pay vendors and suppliers.
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The two previously announced Pittsburgh-area Pier 1 closures are the stores on McKnight Road in Ross and on Washington Road in Washington. When those locations are shuttered, Pier 1 will be down to four locations in southwestern Pennsylvania:
- 1775 North Highlands Road, Upper St. Clair
- 20267 Route 19, Cranberry
- 4201 William Penn Highway, Monroeville
- 843 Freeport Road, Waterworks Mall
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