Pier 1 Imports receives bankruptcy court approval for wind-down, liquidation sales

Pier 1 Imports Inc. has received approval from the U.S. Bankruptcy Court for the company’s planned wind-down of operations, according to a news release.

As previously announced, Pier 1 plans to start store-closing efforts and liquidation sales once store locations can reopen in compliance with Covid-19 guidelines from local government and health officials. With the latest court approval, Pier 1 now plans to conclude liquidation sales by the end of October.

The Fort Worth-based company intends…