PIER 1 IMPORTS (PIR) Comments on Alden Global Capital Filing; Says Open to Dialogue with Shareholders

September 20, 2016 9:09 AM EDT

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Pier 1 Imports, Inc. (NYSE: PIR) 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.”

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