Pier 1 Imports gets approval from a judge to liquidate its remaining stores

Get the Full StoryMolly Riley Reuters

Pier 1 Imports is winding down its business.

"This is not the outcome we hoped for when we began this process, and we are deeply saddened to move forward with winding down Pier 1," CEO Robert Riesbeck said in a statement.

The company plans to finish liquidating stores by October, once it can safely reopen.

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Pier 1 Imports is shutting down its business after the US Bankruptcy Court for the Eastern District of Virginia approved its request to wind down its operations.

"This is not the outcome we hoped for when we began this process, and we are deeply saddened to move forward with winding down Pier 1," CEO Robert Riesbeck said in a statement. "We are incredibly grateful to everyone who has supported Pier 1 since the Company's inception nearly 60 years ago, including our committed associates, passionate customers and talented vendors."See the rest of the story at Business InsiderNOW WATCH: A cleaning expert reveals her 3-step method for cleaning your entire home quicklySee Also:The first video uploaded to YouTube, 15 years ago, shows one of the cofounders at the zoo watch the clip hereThe best deals to expect during Amazon Prime Day 2020This map shows the highest-paying job in every state we should've been doctors

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