Pier 1 Imports, Inc. Comments on 13D Filing by Alden Global Capital
September 19 2016 - 7:45PM
Business Wire
Pier 1 Imports, Inc. (NYSE:PIR) today issued the following
statement in response to the Schedule 13D filed today by Alden
Global Capital:
“Pier 1 Imports values constructive input from investors and
regularly engages in dialogue with its shareholders regarding
strategy and performance. Pier 1 Imports will continue to engage
with shareholders, including Alden Global Capital, and evaluate
opportunities to increase long-term shareholder value.
Pier 1 Imports’ board of directors and management team are
committed to acting in the best interests of all Pier 1 Imports
shareholders. The Company has made significant progress executing
its omni-channel strategy, and is well positioned to leverage the
strength of this platform and the Pier 1 Imports brand to
accelerate growth and improve profitability while delivering value
to shareholders.”
Financial Disclosure Advisory
Except for historical information contained herein, the
statements in this press release or otherwise made by our
management in connection with the subject matter of this press
release are forward-looking statements (as such term is defined in
the Private Securities Litigation Reform Act of 1995) and involve
risks and uncertainties and are subject to change based on various
important factors. This press release includes forward-looking
statements that are based on management’s current estimates or
expectations of future events or future results. These statements
are not historical in nature and can generally be identified by
such words as “believe,” “expect,” “estimate,” “anticipate,”
“plan,” “may,” “will,” “intend” and similar expressions.
Management’s expectations and assumptions regarding future results
are subject to risks, uncertainties and other factors that could
cause actual results to differ materially from the anticipated
results or other expectations expressed in the forward-looking
statements included in this press release. These risks and
uncertainties include, but are not limited to, the effectiveness of
the Company’s marketing campaigns and customer databases, consumer
spending patterns, inventory levels and values, the Company’s
ability to implement planned cost control measures, expected
benefits from the real estate optimization initiative, including
cost savings and increases in efficiency, changes in foreign
currency values relative to the U.S. Dollar, and the Company’s
ability to retain a new CEO. These and other factors that could
cause results to differ materially from those described in the
forward-looking statements contained in this press release can be
found in the Company’s Annual Report on Form 10-K and in other
filings with the SEC. Refer to the Company’s most recent SEC
filings for any updates concerning these and other risks and
uncertainties that may affect the Company’s operations and
performance. Undue reliance should not be placed on forward-looking
statements, which are only current as of the date they are made.
The Company assumes no obligation to update or revise its
forward-looking statements.
Pier 1 Imports, Inc. is the original global importer of home
décor and furniture. Information about the Company is available on
www.pier1.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160919006559/en/
Pier 1 Imports, Inc.Bryan Hanley, 817-252-6083
Pier 1 Imports (NYSE:PIR)
Historical Stock Chart
From Mar 2024 to Apr 2024
Pier 1 Imports (NYSE:PIR)
Historical Stock Chart
From Apr 2023 to Apr 2024