Item 8.01. Other Events.

On July 8, 2020, Pier 1 Imports, Inc., a Delaware corporation ( "Pier 1") held an auction of its assets pursuant to bidding procedures and auction terms as set forth in the U.S. Bankruptcy Court for the Eastern District of Virginia ("Bankruptcy Court") Order (i) Establishing Bidding Procedures, (ii) Scheduling Bid Deadlines and an Auction, (iii) Approving the Form and Manner of Notice thereof, (iv) Approving the Form of Asset Purchase Agreement, (v) Authorizing Assumption of the Plan Support Agreement and (vi) Granting Related Relief, dated February 18, 2020. On July 9, 2020, Pier 1 filed with the Bankruptcy Court Notice of Successful and Backup Bidders with Respect to the Auction and Sale of Certain of the Debtors' Assets (the "Notice") in which Pier 1 disclosed the successful bidders with respect to its intellectual property and certain unexpired leases of real property. The Notice is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

The sale hearing at which Pier 1 shall seek the Bankruptcy Court's approval of the sale of the assets to the successful bidders, will be held on July 15, 2020 at 2:00 p.m. (prevailing Eastern Time).

Item 9.01 Financial Statements and Exhibits.




(a) - (c) Not Applicable.

(d) Exhibits:



Exhibit No.       Description

99.1                Notice of Successful and Backup Bidders with Respect to the
                  Auction and Sale of Certain of the Debtors' Assets, dated July 9,
                  2020.

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