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You are here News Economy More store closings coming: Pier 1 Imports could close up to 145 more stores

More store closings coming: Pier 1 Imports could close up to 145 more stores

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Pier I Imports to close 146 stores

Home goods retailer Pier 1 Imports could close as many  145 more stores in the fiscal year, the Texas-based home goods retailer said Wednesday when it reported financial results.

The news comes a week after Bed Bath & Beyond said 40 locations could be shuttered this year.

“As anticipated, our fourth-quarter sales and profitability were disappointing and reflect the execution issues we identified earlier in the year and have been working with urgency to correct," said Cheryl Bachelder, interim Pier 1 CEO, in a statement.

After closing 30 stores in its fiscal year that ended in March, there were 973 stores in the chain, which sells furniture, home decor and other accessories.

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