Pier 1 to close all 540 stores including 2 in Central Texas

Pier 1, the seller of wicker chairs and scented candles, said it will go out of business and permanently close all 540 of its stores including its stores in Waco and Temple (WVIR)
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NEW YORK (AP) Pier 1, the seller of wicker chairs and scented candles, said it will go out of business and permanently close all 540 of its stores including its stores in Waco and Temple, both of which remain closed temporarily because of the new coronavirus.

The Fort Worth-based company said Tuesday that it was unable to find a buyer for its business after filing for bankruptcy protection earlier this year.

It will start going-out-of-business sales as soon as it can reopen stores that have been temporarily shut due to the coronavirus pandemic.

Pier 1 has struggled to compete with online retailers like Wayfair and Amazon, which sell sofas and coffee tables at a lower price and are delivered to doorsteps quickly.