Pier 1 Just Said That It Will Close Up To 450 Locations In 2020
Back in the fall we told you about the back-to-back-to-back announcements that came from a trio of big retailers that they would close hundreds of stores in the coming months.
With Bed Bath & Beyond, Forever 21, and Pier 1 all releasing announcements of upcoming downsizing in just a few days of each other, many questions remained about which stores will close and when.
Originally, Pier 1 said that they planned to close at least 70 stores, but that we should, "...expect that number to increase".
And increase it did, by a lot.
A Monday, January 6th announcement from Pier 1 raised that number more than sixfold, pegging the new estimate of stores that will close at "...up to 450".
The company still isn't disclosing which stores will be closing or when they'll start the liquidation process, but we'll keep you updated as we learn more.
Currently, there are two Pier 1 locations in Ocean County; in Toms River and Manahawkin, and almost half a dozen more to the north in Monmouth County.