Pier 1 2012 Annual Report Download - page 4
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We’re enthusiastic about the continuing progress of the Company and excited about the
opportunities we see for continued growth. We believe we have a proven business model, a high
performing team and a commitment to flawless execution. We fully expect that fiscal 2013 will be
another year of important milestones and accomplishments. We thank and appreciate all our associates
who work hard and smart to make Pier 1 Imports a better place for our customers to shop. We are grateful
for the sustained support of our shareholders, and we value the contributions of and relationships with our
business partners, vendors and agents.
2012 is truly an eventful year for our Company. Pier 1 Imports is celebrating its 50th year in
business and its 40th year on the New York Stock Exchange. We have come a long way since the first
store opened in 1962 and all of us look forward to many successful years in the future that lie ahead. As
you know, our overarching goal is to be the favorite home furnishings and gift store for our customers,
associates, investors and vendors, and central to that goal is to be an authentic global importer and leader
that brings the world to our customers and their communities. We know you concur with that goal, and
again, we thank you for your role and help in making Pier 1 Imports such a unique organization.
Sincerely,
Alexander W. Smith Michael R. Ferrari
President and Chief Executive Officer Chairman of the Board