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Pier 1 filed for bankruptcy in Virginia on Monday.

Pier 1 braces for sale after filing for Chapter 11 bankruptcy

Pier 1 filed for Chapter 11 bankruptcy in order to facilitate an "orderly sale process," according to a press release from Business Wire.
The sign says one thing, but the price tag says another.

We visited a Pier 1 store that’s preparing to shutter and found its closing sale confusing and disorganized

We visited a closing Pier 1 store in Queens, New York, and saw uncompetitive discounts along with confusing layouts and signs.
Ross sells a lot of off-price home goods, in addition to clothes and shoes.

We compared Ross and the struggling Pier 1 Imports and saw why the messier store is actually better to shop for home goods

While Ross was clearly messier, Pier 1 Imports could not compete with the combined value and quality of the discount chain.
A lot of items were on sale when we visited.

Pier 1 Imports is closing hundreds of its stores amid reports of an imminent bankruptcy. We visited a store and saw why the chain is struggling.

Pier 1 Imports is closing up to 450 stores and reportedly cutting 40% of its headquarters staff. We visited a store and saw why it's struggling.

We shopped at TJ Maxx and Pier 1 Imports to see which store is better for home goods — and the winner was unexpected

Pier 1 Imports and TJ Maxx are known for their home goods selections. We went shopping at both to see which was better and found a clear victor.

We shopped at Target and the struggling Pier 1 Imports to see which store is better at selling home goods — and there was a clear winner

Pier 1 has fallen behind its competitor, but it still offers a better home goods shopping experience than Target. We compared them both.

Retailers are filing for bankruptcy at a staggering rate — and these 17 companies could be the next to default

Moody's identified 17 retailers with the highest risk of defaulting or filing for bankruptcy.

Pier 1 is a ‘dumpster fire’ and it’s fighting for its survival

The stock's dismal performance comes amid the CEO's departure in December, followed by the chief information officer's departure announced last week.