Is Pier 1 Imports still open?
Is Pier 1 Imports still open?
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. Its e-commerce store relaunched in October, according to a report by RetailDive. Roughly 540 brick-and-mortar stores and its online operations shuttered last fall.
Can you still order from Pier 1 online?
(WILX) – Pier 1 Imports is back online. Pier1.com has relaunched as an online-only store for home furnishings and accessories. The $31 million purchase in July included Pier 1′s intellectual property, trademark name, customer lists and other e-commerce related assets.
Will Pier One reopen?
The Pier 1 website will be back open for business on September 1st under new ownership! After declaring bankruptcy in February and with the struggles of the coronavirus pandemic, over 540 Pier 1 locations were forced to close. Liquidation sales are still going at many brick-and-mortar locations.
What happened Pier 1 Imports?
Pier 1 sometime last year reportedly sold its Whitehall Township location to California-based Realty Income Corporation. The building was razed and has since become the site of a new four-tenant commercial building, which began construction in autumn 2019. The home furnishings chain has since become a new online store.
Who bought Pier 1 Imports?
Retail Ecommerce Ventures
In June 2020, Retail Ecommerce Ventures (REV) acquired Pier 1 for $31 million. REV, which was founded by former NASA scientist Alex Mehr and serial entrepreneur Tai Lopez, is a holding company that buys distressed iconic brands and revives them as e-commerce businesses.
What happened to Pier 1 merchandise?
After acquiring Pier 1’s trademark name, intellectual property, data and e-commerce assets, new owner Retail Ecommerce Ventures (REV) is relaunching the retail brand as an online store, according to a Thursday press release. Pier 1 closed its brick-and-mortar stores earlier this year as part of its bankruptcy plan.