FORT WORTH, Texas — Pier 1 Imports is closing about half its 942 stores as it struggles to draw consumers and compete online.
The fate of the chain’s four Nebraska locations was unknown Tuesday morning, said Omaha store managers who answered the phone.
Pier 1 has two locations in Omaha at 17110 Davenport St. and 7405 Dodge St. Other locations are in Papillion at 7809 Towne Center Parkway and in Lincoln at 2950 Pine Lake Road.
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The home décor company said Monday it is closing up to 450 stores and also will shutter distribution centers. It didn’t say where the store closures would occur. Pier 1 also plans layoffs at its corporate headquarters in Fort Worth, Texas.
The company didn’t say how many workers will be impacted.
The company also has drafted a bankruptcy plan and canceled some orders, according to people with knowledge of the matter. And it added two members to its board with expertise in corporate restructuring.
Pier 1 named a new CEO with a background in corporate turnarounds in November. Robert Riesbeck previously served as the company’s chief financial officer.
The company — which was founded in California in 1962 — has been trying to revamp its cluttered stores and change its offerings to appeal more to younger customers. But it is struggling to compete with budget-friendly home décor sites like Wayfair.
World-Herald staff writer Kelsey Stewart contributed to this report, which also includes material from Bloomberg.