Pier 1 2007 Annual Report Download - page 8

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monitors the level of and stated reasons for returns and maintains a reserve for future returns based on
historical experience and other known factors.
On March 3, 2007, the Company employed approximately 15,400 associates in the United States and
Canada, of which approximately 7,100 were full-time employees and 8,300 were part-time employees.
(d) Financial Information about Geographic Areas.
Information required by this Item is found in Note 1 of the Notes to the Consolidated Financial
Statements.
(e) Available Information.
The Company makes available free of charge through its Internet web site address (www.pier1.com) its
annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and amendments
to those reports filed with the Securities and Exchange Commission pursuant to Section 13(a) of the Securities
Exchange Act of 1934 as soon as reasonably practicable after it electronically files such material with, or
furnishes such material to, the Securities and Exchange Commission.
Certain statements contained in Item 1, Item 7 and elsewhere in this report may constitute “forward-
looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934. The Company
may also make forward-looking statements in other reports filed with the Securities and Exchange Commission
and in material delivered to the Company’s shareholders. Forward-looking statements provide current
expectations of future events based on certain assumptions. These statements encompass information that does
not directly relate to any historical or current fact and often may be identified with words such as
“anticipates,” “believes,” “expects,” “estimates,” “intends,” “plans,” “projects” and other similar expressions.
Management’s expectations and assumptions regarding planned store openings, financing of Company obliga-
tions from operations, success of its marketing, merchandising and store operations strategies, and other 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. Risks and
uncertainties that may affect Company operations and performance include, among others, the effects of
terrorist attacks or other acts of war, conflicts or war involving the United States or its allies or trading
partners, labor strikes, weather conditions or natural disasters, volatility of fuel and utility costs, the general
strength of the economy and levels of consumer spending, consumer confidence, the availability of suitable
sites for locating stores and distribution centers, availability of a qualified labor force and management, the
availability and proper functioning of technology and communications systems supporting the Company’s key
business processes, the ability of the Company to import merchandise from foreign countries without
significantly restrictive tariffs, duties or quotas, and the ability of the Company to source, ship and deliver
items from foreign countries to its U.S. distribution centers at reasonable prices and rates and in a timely
fashion. The foregoing risks and uncertainties are in addition to others discussed elsewhere in this report. The
Company assumes no obligation to update or otherwise revise its forward-looking statements even if
experience or future changes make it clear that any projected results expressed or implied will not be realized.
Item 1A. Risk Factors.
The following information describes certain significant risks and uncertainties inherent in the Company’s
business that should be carefully considered, along with other information contained elsewhere in this report
and in other filings, when making an investment decision with respect to the Company. If one or more of
these risks actually occurs, the impact on the Company’s operations, financial position, or liquidity could be
material and the business could be harmed substantially. Additional risks and uncertainties not presently
known to the Company or that it currently believes are immaterial may also adversely affect the Company’s
business, financial condition, future results of operations and cash flow.
6