It's curtains for Fort Worth-based Pier 1, but 2 other home-goods stores reopen
In very sad news, longtime Fort Worth-based Pier 1 Imports is calling it quits, while two home-goods chains have reopened their Dallas-Fort Worth stores.
The bad news first: Pier 1 has begun what it calls an "orderly wind-down" of its retail operations.
The company is shutting down after having filed for Chapter 11 bankruptcy protection in February, in the hopes they'd be purchased by someone who would continue operating the business. But no suitor arrived.
In good news for shoppers, they'll go out with a big liquidation sale: Over the next two to three months, they plan reopen a few locations to sell off their inventory and other assets.
At one point, they had more than 1,000 locations, but closed nearly half of those in the past year.
CEO Robert Riesbeck said in a statement that this was "not the outcome we expected or hoped to achieve."
"This decision follows months of working to identify a buyer who would continue to operate our business going forward," Riesback said. "Unfortunately, the challenging retail environment has been significantly compounded by the profound impact of COVID-19, hindering our ability to secure such a buyer and requiring us to wind down."
As the Fort Worth Star-Telegramnotes, Pier 1 Imports was founded in California in 1962, and moved to Fort Worth four years later.
But they always retained their chill California hippie vibe, with cool, beachy rattan furniture, candles, and stuff that felt upscale but was affordable.
"We are grateful to our dedicated and hardworking associates, millions of customers, and committed vendors who have collectively supported Pier 1 for decades," Riesback said.
Bed Bath & Beyond has reopened 13 of its DFW locations following the lifting in Texas of retail restrictions due to COVID-19.
The reopened stores are in Plano, Addison, Caruth Plaza in Dallas, Soouthlake, Denton, McKinney, Arlington, Fort Worth, Frisco, West Plano, Lewisville, Rockwall, and Flower Mound, and will observe the usual post-coronavirus safeguards, including limiting the number of people in stores. They're also offering early shopping hours for customers over 60 and those at risk.
Lamps Plus has reopened both Dallas-area locations in Arlington and Plano. (It has one other location in Texas in Austin, which has also reopened.) These are the first Lamps Plus stores reopening in the company's 36-store chain.
The stores were temporarily closed since March. They'll follow new guidelines to ensure the safety of both customers and employees. They'll also implement new contactless curbside pick-up. Customers can do their transactions via a credit card or phone call, prior to arriving at the store. When the customer drives up, they will stop and contact the store via call or text. An employee will verify identity, payment receipt, and place the order in the car.