CHICOPEE, Mass. (WWLP) – Pier 1 Imports will close nearly half of its stores – including locations right here in western Massachusetts. The home goods retailer is also reportedly likely to file for bankruptcy.
The home goods retailer said it will close up to 450 stores “in order to better align its business with the current operating environment.”
Pier 1 operated 942 stores in the United States and Canada at the end of its latest quarter.
The store has been struggling for years against rising pressure online and from big-box rivals.
22News went to the Holyoke location where we could see store closing signs in the windows. Holyoke resident Angelo Medina told 22News he thinks online shopping is to blame.
“I think it’s because of online shopping. Amazon. You can even buy your groceries online it’s crazy,” said Medina.
Pier 1 also has locations in Hadley and Pittsfield. We couldn’t reach anyone from these stores for comment to see if they would be among the closures.
Pier 1 will also close distribution centers and lay off corporate employees.