SPRINGFIELD, Mo. — Pier 1 announced today its hundreds of millions of dollars in debt.
Almost 450 stores will be closed nationwide.
Many of those stores have already closed or are already in the process of going out of business.
That includes the Pier 1 in Branson.
However, the Springfield Pier 1 will stay open.
The closures follows other big retailer problems at Sears and Macy’s.
Sears is also filing for bankruptcy, and Macy’s is closing roughly 125 stores across the U.S.
Box stores are having a tough time competing with online sales.