NEW YORK, February 18, 2020 – The New York Stock Exchange LLC (“NYSE” or “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the common stock of Pier 1 Imports, Inc. (the “Company”) — ticker symbol PIR — from the NYSE. Trading in the Company’s common stock will be suspended immediately. 

NYSE Regulation reached its decision that the Company is no longer suitable for listing pursuant to Listed Company Manual Section 802.01D after the Company’s February 17, 2020 disclosure that it has commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the Eastern District of Virginia.  In reaching its delisting determination, NYSE Regulation noted the uncertainty as to the ultimate effect of this process on the value of the Company’s common stock.

The Company has a right to a review of this determination by a Committee of the Board of Directors of the Exchange.  The NYSE will apply to the Securities and Exchange Commission to delist the common stock upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff’s decision.

Company Contact:
Pier 1 Contact:
Jennifer Engstrand Reeder
mediarelations@pier1.com 

Media Contact:
Joele Frank, Wilkinson Brimmer Katcher
Leigh Parrish / Andrea Rose
212-355-4449