Employees of the Flanders Pier I Imports Store in the International Drive location found out yesterday that their store is among the close to 450 locations that will be closing.
The clearance sale starts on January 10th, and while the store isn’t aware of the details expect the discounts to start at 30% off and climbing over the 75% off in the weeks to come.
Location of Closing Store:
Pier I Imports
30 International Dr South Flanders, NJ 07836-4110
More about the Closing:
Pier 1 is planning to close 450 stores, representing about half of its total store count, the company said on Monday. The closings could affect thousands of workers. Pier 1 has about 950 stores and 4,000 employees.
In this area, we will only have the Rockaway Mall location for an easily assessible store.
The company also plans to cut its corporate head count and shut down some distribution centers. Pier 1 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.
The news comes amid reports that the company plans to file for Chapter 11 bankruptcy protection and cut 40% of its headquarters staff, or close to 300 people, according to Bloomberg.
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