Pier 1 Imports is gluttonous cloister approval to cash stores, already they re-open in the deathwatch of COVID-19, afterwards months of aggravating to acquisition a buyer.
The home décor retailer, based in Texas, filed for defalcation in February and said the advancing coronavirus communicable and a “challenging” retail ambiance were top affidavit for not actuality able to abstain activity out of business, according to a New York Post report.
“This is not the aftereffect we accepted or hoped to achieve,” Robert Riesbeck, CEO and CFO, said in a statement. “This accommodation follows months of alive to analyze a client who would abide to accomplish our business activity forward. Unfortunately, the arduous retail ambiance has been decidedly circuitous by the abstruse appulse of COVID-19, adverse our adeptness to defended such a client and acute us to wind down.”
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