Pier 1 plans to close for good

Pier 1 Imports Inc. on Tuesday said it will wind down operations as soon as reasonably possible after store locations are able to reopen following mandated closures due to the Covid-19 pandemic. The Fort Worth, Texas-based retailer, which filed for Chapter 11 bankruptcy in February, said it worked for months to find a buyer. “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…