https://www.retaildive.com/news/pier-1-to-close-at-least-70-stores-as-loss-doubles/563790
I think I've only visited a Pier 1 store once in my life. I remember their items had styles and prices that were definitely not for me.
HomeGoods appears to thrive and expand and then there's online shopping with Wayfair and others. Pier 1 has fierce competition so I'm not that surprised.