International Council of Shopping Centres. Holideals are here! The popular woman's clothing brand says that it will focus instead on its three premium brands: Reitmans, Penningtons and RW & CO through e-commerce and brick-and-mortar stores. The rest of its 22 stores and e-commerce operations will continue operations. For any other questions, please visit our FAQ. The company said it is optimizing its retail footprint as it is building its future on its legacy in retail fashion with three premium brands: Reitmans, Penningtons, and RW & CO. UPDATE 5/19/2020: Pier 1 plans to permanently close all its stores SAN FRANCISCO, Calif. (AP/KRON) – Home goods retailer Pier 1 Imports Inc. is filing for bankruptcy protection.