PENNSDALE -- Home goods retailer Pier 1 Imports is the latest store near Lycoming Mall to announce they are closing. The Pennsdale store found out about the closure a week ago, according to a sales associate. Their last day will be June 27, 2019, he said. The store currently has store closing signs on the windows and on the grounds near the property at 1431 Lycoming Mall Circle. The property is one of the out parcel buildings around the perimeter of the Lycoming Mall.
Last month, the Texas-based retailer announced they would close as many as 145 more stores in the fiscal year. In a statement to investors posted on their website, Interim CEO Cheryl Bachelder said "fourth quarter sales and profitability were disappointing." The statement noted net sales in the fourth fiscal quarter decreased 19.5 percent compared to the fourth quarter of 2018.