Money Pier 1 Imports bankruptcy: Chain files for Chapter 11 as it continues closure of up to 450 stores February 17, 2020February 17, 2020 Charisse Jones, USA TODAY Comments Off on Pier 1 Imports bankruptcy: Chain files for Chapter 11 as it continues closure of up to 450 stores Pier 1 said Monday that it filed for Chapter 11 bankruptcy protection as it looks for a new owner. The retailer will close up to 450 stores.