Retail News

Pier 1 Imports asks bankruptcy court for permission to skip paying rent

Bloomberg 04/06/2020

Pier 1 Imports has followed Modell’s Sporting Goods in requesting a bankruptcy court to grant it permission to skip rent payments amid the coronavirus outbreak across the country. Last month, a judge in New Jersey approved Modell’s request to forego rent payments while its locations were closed in accordance with government orders.

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