Pier 1 Imports Continues To Engage With Shareholders On Long-term Value

(RTTNews) - Responding to the Schedule 13D filed today by Alden Global Capital, Pier 1 Imports Inc. (PIR) said that it 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 noted that it 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.