first_imgPier 1 tells 12 News that its Vestal location is not affected by closures. The company reported a net loss of $59 million for the quarter, which ended Nov. 30. Pier 1’s shares fell 17 percent to close at $5.18 Monday. Pier 1 also plans layoffs at its corporate headquarters in Fort Worth, Texas. The company didn’t say how many workers will be impacted. FORT WORTH, Texas (AP/WBNG) — Pier 1 Imports is closing nearly half its 942 stores as it struggles to draw consumers and compete online. center_img The company said Monday it is closing up to 450 stores and will also shutter distribution centers. Pier 1 said sales in its most recent quarter fell 13 percent to $358 million as store traffic fell. last_img