Business & Tech

Major Retailer Closing 6 Wisconsin Stores

Pier 1 Imports is closing hundreds of stores, the company announced, including six in Wisconsin.

MILWAUKEE, WI — Pier 1 Imports will close six of the stores it still has open in Wisconsin. The retail chain said up to 450 locations — about half of its total — would be closed to "better align its business with the current operating environment."

The company plans to close certain distribution centers and lower its corporate spending, as well as lay off workers at the corporate level.

The home furnishing store is using a third-party liquidator to help with the closings, noting that its lenders signed off on its plan to reduce its brick-and-mortar footprint.

Find out what's happening in Mount Pleasant-Sturtevantfor free with the latest updates from Patch.


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Find out what's happening in Mount Pleasant-Sturtevantfor free with the latest updates from Patch.

2020 Sees The Start Of Another Round Of Chain Stores Closing


Robert Riesbeck, CEO and CFO of the retail chain, thanked store workers for their hard work and commitment to serving customers.

"Although decisions that impact our associates are never easy, reducing the number of our brick-and-mortar locations is a necessary business decision," he said in a statement.

The planned closures come as the company deals with less foot traffic.

Net sales for the third quarter plummeted more than 13 percent to $358.4 million. That number was $413.2 million in the same quarter for the previous fiscal year. Company comparable sales fell more than 11 percent compared to the same period a year ago.

Here are the locations for closing in Wisconsin, according to Business Insider:

6010 North Port Wash Road, Glendale
2621 South Green Bay Road, Racine
516 N Rolling Meadows Drive, Fond Du Lac
N96w18768 County Line Road, Germantown
6830 Greenbay Road Kenosha
2800 Deerfield Drive Janesville

Patch reporters Dan Hampton and Jessica Strachan contributed to this report.

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