Maryland Blogger: Pier 1 Imports to Close Two Stores in Montgomery County, Maryland

Pier 1 Imports to Close Two Stores in Montgomery County, Maryland

Pier 1 Imports to Close Two Stores in Montgomery County, Maryland

 

Home furnishings store Pier 1 Imports has announced it will close nearly half of its U.S. stores amid declining sales.

The Fort Worth, Texas-based retailer reported a 13.3 percent drop in net sales in the third quarter of fiscal year 2019, with company comparable sales also down more than 11 percent primarily due to lower traffic.

Both of the stores in Montgomery County, Maryland are to be closed. The stores are located at 31 Grand Corner Avenue, in RIO Lakefront, 301-721-4467 and 12137 Rockville Pike B in Pike Center, 301-230-9028.

 

 

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Roy Kelley, Associate Broker

Realty Group Referrals (Retired from RE/MAX Realty Group)

6 Montgomery Village Ave., Suite 200

Gaithersburg, MD 20879

Main Office:  301-258-7757 (You will not reach me at this number)

Send an email message if you need my phone numbers. I will be happy to recommend a real estate professional if you are moving to the area.

Comment balloon 9 commentsRoy Kelley • January 13 2020 04:43PM

Comments

Our Pier One closed many years ago Roy Kelley . It was a surprise to us back then as the store was always busy.

Posted by Bob "RealMan" Timm, Owner of Ward Co. Notary Services, retired Realtor (Ward County Notary Services) 11 days ago

Stores like these are having a hard time competing with online stores offering more variety in inventory and lower prices 

Posted by June Piper-Brandon, Piecing Dreams One Home at a Time (Long & Foster Hampden) 11 days ago

Our local Pier 1 Import store is closing as well. I'm sorry to see them go.

Posted by Myrl Jeffcoat, Greater Sacramento Real Estate Agent (GreatWest Realty) 11 days ago

I read about their recent troubles. We still have one store in Oklahoma City but they are giving big discounts to get people in.

Posted by Joe Pryor, REALTOR® - Oklahoma Investment Properties (The Virtual Real Estate Team) 11 days ago

Roy, We have one here nearby and the last time we visited the store it only had  a few customers in it. Times do change...

Posted by Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400, Long Island Home and Condo Specialists (The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803) 11 days ago

Hi Roy... somehow, I'm not surprised. I step into our Pier 1 every so often and while I like their merchandising I always feel their prices are way too high for their typical customer.

Posted by Nina Hollander, Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor (Coldwell Banker Residential Brokerage ) 11 days ago

Hello Roy - the life cycle of retailing is an ever-changing one.  To say the least it's a challenging industry.  

Posted by Michael Jacobs, Los Angeles Pasadena 818.516.4393 11 days ago

Too bad, I know many young homeowners (and renters) shop there because of more affordable prices. Not everyone can afford Crate & Barrel and Pottery Barn. 

Posted by Debb Janes EcoBroker and Bernie Stea JD, REALTORS® in Clark County, WA (ViewHomes of Clark County - Nature As Neighbors) 11 days ago

Your feedback is always welcome and is very much appreciated.

Posted by Roy Kelley (Realty Group Referrals) 11 days ago

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