Pier 1 Imports, Inc. is an online retailer and former Fort Worth, Texas-based retail chain specializing in imported home furnishings and decor, particularly furniture, table-top items, decorative accessories, and seasonal decor. It was publicly traded on the New York Stock Exchange under ticker PIR. In January 2020, Pier 1 had over 1,000 physical stores throughout the United States and Canada. Pier 1 filed for Chapter 11 bankruptcy protection on February 17, 2020, and on May 19, 2020, announced it was asking the bankruptcy court to close all stores, due in large part to the COVID-19 pandemic. In July 2020, Retail ECommerce Ventures (REV) bought the rights to Pier 1 and planned to revive the brand as an ecommerce store. At the end of October 2020, Pier 1 Imports closed its remaining stores and transferred its website to REV, which is doing business as Dallas-based Pier 1 Imports Online, Inc. History The first Pier 1 Imports store opened in 1962 in San Mateo, California under the name Cost Plus Imports. Charles Tandy and Luther Henderson, the founders of Pier 1 Imports, were mainly involved with Radio Shack based in Fort Worth, Tx. By 1966, the company had grown to 16 store locations, and established the new corporate headquarters in Fort Worth, Texas. Pier 1 went public on the American Stock Exchange in 1970 and later joined the New York Stock Exchange in 1972. At this time, the company had grown to 123 stores, posted 100 percent sales gains for four consecutive years, and opened stores internationally in Australia and Europe. A Pier 1 store in Royal Oak, Michigan reached annual sales of $1 million in 1979. By 1985, the Pier 1 chain grew to 265 stores, with the management goal of doubling that number by 1990. Pier 1 had a presence in the Greater Tokyo Area of Japan, from April 1996 to early 2002, and its franchised stores were operated by Akatsuki Printing Co. There were 5 stores by early 1997, 16 by fiscal 1998, and 18 by fiscal 1999, but that number shrunk to just 9 by early 2000. On December 29, 2006, Standard & Poor's bumped Pier 1 Imports Inc. down one spot and off the bottom of the S&P MidCap 400 Index when it added Parametric Technology Corp. (), a software company. As of December 2012, the company had sales of $418 million. In April 2008, Chesapeake Energy