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As nearly 450 Pier 1 locations are set to close in the coming year, the company announced it is filing for Chapter 11 bankruptcy. Of the 450 locations set to close, 400 of them have either recently closed or started liquidating stock. In addition to the store closings, the company will shutter two distribution centers. The moves come during a rough time for brick and mortar retailers, as malls and shopping centers throughout the United States become more barren. Pier 1 said it is also in the process of securing a buyer for the company over the next six weeks. “In recent months, we have taken significant steps forward in our business transformation and cost-reduction initiatives," CEO Robert Riesbeck said. "We have worked to establish an appropriately sized and profitable store footprint, operating structure and merchandise assortment that will enable Pier 1 to better serve our customers across store and online channels. "Today’s actions are intended to provide Pier 1 with additional time and financial flexibility as we now work to unlock additional value for our stakeholders through a sale of the Company. We are moving ahead in this process with the support of our lenders and are pleased with the initial interest as we engage in discussions with potential buyers.” 1296

Authorities investigating the disappearances of an Austin, Texas, mother Heidi Broussard and her infant daughter found a woman's body at a Houston home on Thursday, the Austin Police Department said in a statement.A baby girl was also found alive and healthy at the home, the statement said. She is in the custody of Texas Child Protective Services and DNA testing will determine whether the baby is Broussard's daughter, Margot Carey. An autopsy is underway to determine the woman's identity.One person was arrested at the scene and faces two charges of kidnapping and one charge of tampering with a corpse, the Austin police said.Broussard and her newborn daughter were last seen around 7:30 a.m. on December 12, dropping another child off at an elementary school, police previously said. Authorities believed she returned home with the baby before disappearing. They were 887

BIRMINGHAM, Ala. – A five-year-old boy was shot and killed in Alabama when his family got into a fight Saturday, police said.Two family members pulled weapons and began shooting at each other during a fight when Tanarius Moore was struck around 2:30 p.m., a statement from Birmingham Police Sgt. Johnny Williams said.Moore suffered a gunshot wound to the head and was transported to a hospital where he later died, Williams told CNN.Although Williams would not specify how the suspects were related to the boy, he told CNN that one suspect was taken into custody and a second suspect it still at large. Detectives are still questioning the suspect in custody, Williams said. Neither suspect has been named by authorities at this time. 746

Apple product launches always get buzz, but one new gadget announcement has left some people bemused: a monitor stand that costs nearly as much as some computers.At its annual 188

An underground electrical vault exploded at a restaurant in Huntington Beach, California, Saturday, leaving four people injured.The explosion took place during an Oktoberfest celebration at the Old World restaurant, where firefighters initially responded to a report of an electrical fire, Huntington Beach Fire Battalion Chief Jeffrey Lopez said. An underground electrical vault exploded as firefighters went to open it, Lopez said. 445