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Pier 1 Imports, Inc. Comparable Store Sales Up 14.3%

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Pier 1 Imports, Inc. (reported that comparable store sales for the first quarter ended May 29, 2010 increased 14.3%. Last year's comparable store sales declined 7.5% for the first quarter ended May 30, 2009. Total sales for the quarter improved to $306 millioncompared to $281 million in the year ago quarter.

Alex W. Smith, President and Chief Executive Officer said, "We are extremely pleased with our first quarter sales increases. Comp store sales continue to be driven by consistent increases in conversion rate, average ticket and traffic. As previously reported, March sales benefited from the earlier Easter holiday but business was solid throughout April and May ending with a strong Memorial Day weekend. All major merchandise categories performed well during the quarter and the variations in the performance geographically were much less than last year. We look forward to discussing our first quarter results in detail during our upcoming conference call."

Pier 1 Imports, Inc. is the original global importer of imported decorative home furnishings and gifts. Information about the Company is available on www.pier1.com.

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