Pier 1 Imports Sells DC to Donnelley

Home furnishings and decor retailer Pier 1 Imports has closed the sale of its 514,000-sq.ft.-distribution center in St. Charles, IL, to printer R.R. Donnelley for $11.8 million.

Fort Worth-based Pier 1 intends to repay about $9.5 million of industrial revenue bonds related to the distribution center on July 1 with the proceeds received from the sale.

The merchant operates more than 1,100 Pier 1 stores in North America. While Pier 1 continues to mail retail traffic driver books, it got out of the direct business a few years ago: It closed its three-year-old catalog and its seven-year-old e-commerce site in June 2007.

Partner Content

The Gift of Wow: Preparing your store for the holiday season - Netsuite
Being prepared for the holiday rush used to mean stocking shelves and making sure your associates were ready for the long hours. But the digital revolution has changed everything, most importantly, customer expectations. Retailers with a physical store presence should be asking themselves—what am I doing to wow the customer?
3 Critical Components to Achieving the Perfect Order - NetSuite
Explore the 3 critical components to delivering the perfect order.
Streamlining Unified Commerce Complexity - NetSuite
Explore how consolidating multiple systems through a cloud-based commerce platform provides a seamless experience for both you, and your customer.
Strategies for Maximizing Mobile Point-of-Sale Technology - NetSuite
Learn the top five innovative ways to utilize your mobile POS technology to drive customer engagement, increase sales and elevate your brand.