INVESTOR ALERT: Investigation of Pier 1 Imports, Inc. Announced by Glancy Binkow & Goldberg LLP

LOS ANGELES--(BUSINESS WIRE)--

Glancy Binkow & Goldberg LLP announces that it is investigating potential claims on behalf of investors of Pier 1 Imports, Inc. ("Pier 1" or the "Company") PIR concerning possible violations of federal securities laws. The investigation is focused on certain statements issued by Pier 1 concerning the Company's business and financial performance.

Please contact Casey Sadler at (888) 773-9224 or (310) 201-9150, or at shareholders@glancylaw.com to discuss this matter. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

Pier 1 is engaged in the retail sale of decorative home furnishings, furniture, gifts and related products. The investigation is related to the Company's February 10, 2015, announcement of revised financial guidance for the fiscal year ending February 28, 2015. Citing "softer than expected sales in January and February, as well as higher than forecast expenses, primarily related to incremental supply chain costs," the Company now expects annual earnings of $0.80 to $0.83 per share, excluding some items, which is below analysts' average estimates and down from previous guidance of $0.95 to $1.05 per share in the period.

In a separate press release, Pier 1 announced a management change: Senior Executive Vice President and Chief Financial Officer Charles H. Turner has retired, and Laura A. Coffey, a 17-year veteran of the Company, has been named Executive Vice President-Interim Chief Financial Officer, effective immediately. Following this news, shares of Pier 1 fell more than 24%, to $12.85 per share, during after-hours trading on February 11, 2015.

If you purchased Pier 1 shares, if you have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Casey Sadler, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at (310) 201-9150, Toll Free at (888) 773-9224, by e-mail to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

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