Pier 1 closing 450 stores; files for Chapter 11

[retailisking]

Pier 1 will exit Canada as part of its reorganization and will seek a buyer. Seeking a buyer is often a prelude to liquidation.
https://www.wsj.com/articles/pier-1-imports-files-for-chapter-11-bankruptcy-11581959763

[TheFugitive]

There's a Pier 1 about a block from my current workplace.
So far no indications of a liquidation or closing happening.
Location was previously a Borders Books so wouldn't be the first time.