East Saint John Store Is Closing

Pier 1 Imports in east Saint John will close its doors for good later this month.

Our newsroom has learned the Consumers Drive location will close on Aug. 28.

It comes as the Texas-based company, which specializes in imported home furnishing and decor, closes dozens of stores across North America.

In April, Pier 1 said it is considering closing up to 45 stores in fiscal 2020 as leases expire. But the company said the number could increase up to 145 stores if it cannot achieve performance goals and sales targets.

“We are continuing to focus on opportunities and initiatives to help drive incremental benefits in the coming years, creating the runway to return our brand to long-term health and sustainable financial performance,” said interim CEO Cheryl Bachelder in a statement on Apr. 17.

“I am pleased to see our teams executing against our new action plan with urgency and believe our customer will return to a revitalized Pier 1 this fall.”

The company’s first-quarter results for fiscal 2020 show net sales were down 15.5 per cent compared to the first quarter of fiscal 2019.

Pier 1 did not respond to our repeated requests for comment on the Saint John closure.

The only other Pier 1 store in New Brunswick is located in Moncton.