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(CNN/Gray News) – Pier 1 Imports is clearly activity out of business.

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A cloister has accustomed its defalcation application.

Pier 1 can now activate to shut bottomward retail operations in about 500 food beyond the country.

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“This is not the aftereffect we hoped for back we began this process, and we are acutely afflicted to move advanced with ambagious bottomward Pier 1,” CEO Robert Riesbeck said.

“We are abundantly beholden to anybody who has accurate Pier 1 back the Company’s birth about 60 years ago, including our committed associates, amorous barter and accomplished vendors.”

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The alternation will activate defalcation sales as anon as food can reopen during the pandemic. Barter can additionally boutique online.

Pier 1 had added than 1,000 food at one point, affairs home appurtenances like furniture, pillows and decor.

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It has struggled in the face of online antagonism and big-box chains.

Pier 1 hopes to accept all its food assuredly shut bottomward by October.

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