Pier 1, the home furnishing and decor chain, has asked a bankruptcy court to allow it to close all 540 of its stores, including those located in Fresno and Clovis, the store announced Tuesday.
The store was unable to find a buyer after filing for bankruptcy three months ago, and has requested to hold going-out-of-business sales as soon as the shelter-in-place orders are lifted and its locations are able to operate. The company is still selling goods on its website.
Lenders have extended the business $40 million to fund operations until it is able to liquidate assets.
Pier 1 also shut down its Visalia location in 2019.