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Pier 1 files for bankruptcy

Home goods retailer Pier 1 Imports Inc. filed for bankruptcy protection Monday after years of sliding sales. The Fort Worth, Texas-based company, was founded in 1962. J.C. Penney and Gordman’s have also filed for bankruptcy since the pandemic began. Gordman’s just opened a store in Brodheadsville this year. AP FILE PHOTO

Pier 1 Imports is closing nearly half its 942 stores as it struggles to draw consumers and compete online. The home decor company said Monday, Jan. 6, 2020, 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. Pier 1 also plans layoffs at its corporate headquarters in Fort Worth, Texas. (AP Photo/Donna McWilliam, File)