Tuesday, May 19, 2020

Flowood Pier1 Closing Soon






The Flowood (and Jackson metro's only) Pier1 location will be closing soon due [edit: to many factors that have likely been exasperated by] the Coronavirus Pandemic.

As announced on the Pier1 website, Pier1 is seeking an "orderly wind-down" of its retail operations and closing all of its retail locations, which obviously includes Flowood.  

Details

Pier 1 announced on May 19, 2020 that it has filed a motion seeking court approval to begin an orderly wind-down of the company’s retail operations as soon as reasonably possible after store locations are able to reopen following mandated closures during the COVID-19 pandemic. The Company expects to continue serving customers in its stores through early fall 2020. Store closing dates will vary by location.

Notably, the Flowood Pier1 location recently paid over $23,000 in annual real property taxes and collected thousands of dollars of sales taxes. 

Brick and mortar retail is certainly tough, but American ingenuity and innovation will prevail.  With that in mind, a nice midsize building will be available in Dogwood in the coming months.  

What's likely to take its place?






2 comments:

Unknown said...

It is not closing because of the virus. It is closing because it has been in bankruptcy for months and nobody is interested in the chain. There may be some truth in the virus is dissuading people from buying large chains, but this company has been teetering on the edge for years. The Flowood location might have been doing ok, but the chain as a whole is in terrible financial shape.

Anonymous said...

Completely agree with this!!