Import retailer World Market is closing its sprawling east Montgomery store, even as another discount retailer prepares to open next door.

The World Market location at 2534 Berryhill Road near Target has launched a going-out-of-business sale with up to half off prices storewide. The specialty store features a wide range of imported items, from furniture and home décor to jewelry dinnerware.

The store warns that all sales are final and no coupons will be honored.

It hasn’t announced the specific date that the doors will close for good, but it will be open regular hours until then. The store operates 10 a.m. to 8 p.m. Monday to Friday, 10 a.m. to 9 p.m. Saturday, and 11 a.m. to 7 p.m. Sunday.

The chain, which is known as Cost Plus World Market in other areas, has been a subsidiary of Bed Bath & Beyond since 2012. Its parent company has reported a steep drop in sales in recent months and had previously announced plans to close brick and mortar locations.

Even as Montgomery’s World Market launches its going-out-of-business sale, a dollar store is setting up next door.

Dollar Tree has put up “coming soon” signs at 2546 Berryhill Road. The chain sales a variety of merchandise for $1 or less. No opening date has been announced, but workers were renovating the interior this week.

It will be the eighth Dollar Tree store in Montgomery.

Contact Montgomery Advertiser reporter Brad Harper at bharper1@gannett.com.