Investor Relations

Pier 1 Imports Launches Pier1.com E-Commerce Site



Jun 13 2000

FORT WORTH, Texas--(BUSINESS WIRE)--June 13, 2000--Pier 1 Imports, Inc. (NYSE:PIR) has launched its web site pier1.com, where consumers can now purchase its unique home fashion and gift items on-line.

The web site makes the Pier 1 shopping experience easy to reach, 24 hours a day.

Like Pier 1 stores, the web site, located at http://www.pier1.com, is a one-of-a-kind place that inspires customers to explore their own sense of style. The site offers an ever-changing broad assortment of merchandise, from candles to dinnerware, from garden accessories to culturally inspired accents.

"Pier1.com clearly expands our ability to serve our customers, especially with the online Bridal & Gift Registry and the breadth of items in our online store," said Marvin Girouard, Pier 1 Imports' Chairman and CEO. "The successful retailers of the future will be those that reach their customers in a variety of ways, that are convenient and easy to shop, from physical stores to virtual shopping."

Pier1.com offers many shopping options that allow customers to:

       --  Purchase home decorating and gift items at any time.

       --  Purchase gifts from the Pier 1 Bridal & Gift Registry.
            Registrants can request changes to their wish lists
            through our web site.

       --  Make exchanges and returns at any of Pier 1's North
            American company stores.

       --  Create and maintain a personal address book.

       --  Select different shipping addresses for each item in their
            shopping bag.

       --  Purchase gift certificates and have them sent to friends
            and family.

       --  Preview items that are on sale in Pier 1 Imports stores
            nationwide.

       --  Search for merchandise by product information.

       --  Shop the online clearance store for even greater values.

       --  Apply for a job at Pier 1 Imports.

Our web site was developed by a team from Pier 1, in partnership with IBM. The site was designed by Virtually There, an interactive development company based in Fort Worth, Texas. Creating the site required developers to upgrade Pier 1's existing systems to make e-commerce compatible with merchandise and gift registry databases, as well as the perpetual inventory system. Pier 1 has contracted with Fingerhut Business Services, Inc. to provide fulfillment services.

Currently, online shopping is available for our customers in the United States only. Pier 1 Imports is North America's largest specialty retailer of imported decorative home furnishings, gifts and related items with stores in 48 states, Puerto Rico, Canada, the United Kingdom, Japan and Mexico.

    CONTACT: Pier 1 Imports, Fort Worth 
             Cary Turner, 817/252-8400