Losing almost $60 million in a quarter is never a good sign. But that's exactly what the number crunchers at Pier 1 Imports announced this week.

That also brought the news that Pier 1 would be closing up to 450 stores nationwide. That's almost half of their 942 stores!

Your first thought might be "I wonder what's going to happen to the Pier 1 here in Missoula?" Well, it looks like the location at 2800 N. Reserve is one of the 450 that will be closing the doors.

According to a Missoulian article the store has just started the closing process (he Kalispell location as well.)

The struggles continue for many brick and mortar stores as they battle the lower prices and convenience of online retailers.

We don't know the exact date, but soon Pier 1 will become the latest on the list of stores around town to close up shop.