The holiday shopping season just ended, we're only eight days into a new year, and BAM, we're hit with more retail store closing news. This time, it's bad news for Pier 1 Imports.

Is it bad news for Pier 1 Imports on E State Street in Rockford though? That remains to be seen. According to the Chicago Tribune;

Pier 1 Imports is closing nearly half its 942 stores as it struggles to draw consumers and compete online.

The home decor company said Monday it is closing up to 450 stores and will also shutter distribution centers. It didn't say where the store closures would occur, but it operates stores in the U.S. and Canada. Pier 1 also plans layoffs at its corporate headquarters in Fort Worth, Texas.

The Trib also reports that, at this time, Pier 1 has not said how many employees these closures will affect, or which stores are included in the 450 that will be closing.

Sadly, I am not feeling too confident about the future of Rockford's Pier 1 store, but I'm guessing we will know its fate soon.

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