Bankrupt - Pier 1 Imports

Anyone shopping for some accessories and gifts back in the 1970's, 80's, 90's & early 2000's would remember the go-to store for stylish and exotic goods. It was a successful business model for decades however as competition grew and their strategy didn't, the company was left in a precarious public perception issue. Ultimately they couldn't weather the recession and in 2020, declared bankruptcy. This is how it happened...