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FORWARD-LOOKING STATEMENTS
FORWARD-LOOKING STATEMENTS
Certain statements contained in Item 1, Item 1A, Item 3, Item 7, Item 7A, Item 8 and elsewhere in this report may constitute
“forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. Pier 1 Imports, Inc. and its consolidated subsidiaries (the “Company”) may also make forward-looking
statements in other reports filed with the United States Securities and Exchange Commission (“SEC”), in press releases and in
material delivered to the Company’s shareholders. Forward-looking statements provide current expectations of future events
based on management’s assumptions and assessments in light of past experience and trends, current economic and industry
conditions, expected future developments, and other relevant factors. These statements encompass information that does not
directly relate to any historical or current fact and often may be identified with words such as “believe,” “expect,” “estimate,”
“anticipate,” “plan,” “may,” “will,” “intend” and other similar expressions. Management’s expectations and assumptions regarding
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, and changes in foreign currency values relative to the
U.S. Dollar 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. Additional risks and
uncertainties that may affect Company operations and performance include, among others: an inability to anticipate, identify and
respond to changing customer trends and preferences; an inability to identify and successfully implement strategic initiatives;
risks related to outsourcing, including disruptions in business and increased costs; an overall decline in the health of the United
States economy and its impact on consumer confidence and spending; negative impacts from failure to control merchandise
returns and recalls; disruptions in the Company’s e-Commerce website; the ability of the Company to source, ship, and deliver
items of acceptable quality to its U.S. distribution centers, stores and customers at reasonable prices and rates in a timely
fashion; failure to successfully manage and execute the Company’s marketing initiatives; potential impairment charges; an inability
to operate in desirable locations at reasonable rental rates; factors affecting consumer spending, including employment levels
and disposable income, interest rates, consumer debt levels, fuel and transportation costs and other factors; failure to attract and
retain an effective management team or changes in the cost or availability of a suitable workforce; failure to successfully manage
omni-channel operations; competition; seasonal variations; increases in costs that are outside the Company’s control; adverse
weather conditions or natural disasters; risks related to technology; failure to protect consumer data; failure to successfully
implement new information technology systems and enhance existing systems; risks related to cybersecurity; failure to maintain
positive brand perception and recognition; regulatory and legal risks; risks related to imported merchandise including the health of
global, national, regional, and local economies and their impact on vendors, manufacturers and merchandise; disruptions in the
global credit and equity markets; and risks related to insufficient cash flows and access to capital. The foregoing risks and
uncertainties are in addition to others discussed elsewhere in this report which may also affect Company operations and
performance. 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. Additional
information concerning these risks and uncertainties is contained in this Annual Report on Form 10-K for the year ended
February 27, 2016, included in Item 1A. Risk Factors.
PIER 1 IMPORTS, INC. 2016 Form 10-K 3