Pier 1 Closing 450 Stores As Retail Apocalypse Drags Into New Decade

FORT WORTH, Texas (CBS Local) — Pier 1 Imports is closing nearly half its 942 stores, adding to a staggering rate of store closures that rocked the retail industry over the past couple of years.
The home goods retailer said Monday it is closing up to 450 stores and will also shutter distribution centers. It didn’t say where the store closures would occur, but it operates stores in the U.S. and Canada.
The Fort Worth-based company, which has been struggling for years against rising co