LAS VEGAS (KLAS) — Pier 1 Imports has filed for bankruptcy after racking up $59 million in losses. The company has cut a deal with lenders to get a quarter-billion dollars in financing. It’s now focused on looking for a buyer.
The company recently announced it will close around 400 stores nationwide. Two Pier 1 stores are expected to close in the Las Vegas valley. One them on Durango Drive, near the 215 and the other on Fort Apache Road, near Tropicana Avenue.