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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

As the COVID-19 pandemic is isolating millions of people around the globe, a social media movement is encouraging many to decorate their homes in the hopes of instilling some hope and love into the world.In recent days, two Facebook groups — 254

Billionaire Tom Steyer officially entered the presidential race on Tuesday, saying he would seek the Democratic nomination for president despite having previously ruled out a run in January.In a 207

Canadian officials on Thursday said that seven people were killed in a plane crash in Kingston, Ontario, which is located along Lake Ontario, near the border with New York. According to CTV, three children were among those killed in Wednesday's plane crash.An official from Canada's Transportation Safety Board said weather may have been a factor. Winds in the area reached 50 MPH around the time of the crash."Pilots are always faced with, you know, obtaining the latest weather, looking at the forecast, looking at the weather along different stations and the weather from one station may vary greatly from another station," Ken Webster from the Transportation Safety Board said. "So at this point, all we have to go on is is we know that it was a deteriorating to some point. So we have to look into exactly the route of the aircraft, where and how the weather was along his route and when he got here, what it was like. So that's what we need to do."The plane took off from Toronto's Buttonville Municipal Airport, and was attempting to land at the airport in Kingston. It is believed that the plane was stopping in Kingston on its way to Quebec City. CTV reported that the plane was an American aircraft. The identities of the seven on board have not been released. There were no survivors, officials said. 1324

Anheuser-Busch announced Tuesday that it will cut ties with Carson King, the college football fan who raised more than million for charity, over offensive posts he made on social media.The social media posts were 228

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