3 Retailers That Are Not Going Out Of Business After All In El Paso
These three retailers remain open after announcing that they are not going out of business after all.
Even before the novel coronavirus hit last year, many retailers were already struggling to stay open and had announced that they would be closing unless buyers stepped in to help them climb out of bankruptcy.
Luby’s, Pier One Imports, and Payless were on the brink of closing forever, but they’ve managed to bounce back and stay open after all.
After announcing that the beloved Texas cafeteria chain would liquidate their real estate assets and wind down operations, Luby's COO Todd Coutee posted on social media, assuring fans the restaurant would be around for “for a long time.” After closing for a moment due to the pandemic, Luby's has been serving up Lu Ann Platters by the dozen.
Pier 1 Imports
After filing for Chapter 11 bankruptcy in May, Pier 1 Imports announced that they would be closing all three stores in El Paso. But then, in October, Pier 1 Imports was back in business under a new owner and operating as an e-commerce business.
The newly relaunched online store offers everything that the brick and mortar store did, including furniture, decor, dining and entertaining items, and so much more.
Payless Shoe Store
After closing its doors across the country in 2019, including in El Paso, TX, Payless emerged from bankruptcy in January 2020.
Payless now is also transitioning into an e-commerce business by rebranding itself with a new name (it dropped "Shoe Source"), a new website, and plans to open hundreds of stores across the country.
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