Money Coronavirus store closings: Pier 1 Imports to shutter all stores in bankruptcy, liquidation now underway May 20, 2020May 24, 2020USA TODAYComments Off on Coronavirus store closings: Pier 1 Imports to shutter all stores in bankruptcy, liquidation now underway Pier 1 Imports started its going-out-of-business closing sale May 22, ahead of Memorial Day. The decision to close all stores was spurred by COVID-19.