CBS 11 Header TXA 21 Header MeTV Header KRLD Header The Fan Header
NFL Preseason: Dallas Cowboys vs Miami Dolphins on CBS 11 & 105.3 The Fan at 6:00pm | Cowboys News

Local

Pier 1 Imports To Buy Back Up To $100 Million In Shares

View Comments

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

From Our CBS Music Web Sites

494849761 10 Pier 1 Imports To Buy Back Up To $100 Million In SharesCelebrating National Underwear Day

465887719 Pier 1 Imports To Buy Back Up To $100 Million In SharesFacebook Users – Beware The App!

 alt=JLo Shows Off Her Best Assets In New Cover

904255 10 Pier 1 Imports To Buy Back Up To $100 Million In SharesRemembering Robin Williams

 alt=Musicians Then And Now

Fantasy_tile

VOTE: Best Coaches In American Sports

FORT WORTH (AP) - Pier 1 Imports Inc. plans to buy back up to $100 million of its common stock.

The home décor company said it had about 109.6 million outstanding shares as of Friday. At current prices, $100 million would buy roughly 8 percent of the company’s shares.

Last month Pier 1 reported that its fiscal second-quarter net income rose 15 percent because the retailer drew more shoppers who spent more.

While economic conditions are uncertain, the home decor company said Thursday that it expects a successful fall and holiday season.

Pier 1 is based in Fort Worth, Texas.

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

View Comments
Follow

Get every new post delivered to your Inbox.

Join 42,319 other followers