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Pier 1 announces $200 million share repurchase program
Fort Worth, Texas -- Pier 1 Imports announced that its board of directors has authorized a new $200 million share repurchase program.
The new share repurchase program is effective immediately and authorizes the repurchase of up to $200 million of the company’s common stock in open market or private transactions. As of October 17, 2013, Pier I had approximately 103.8 million shares of common stock outstanding.
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Made in U.S.A. update on tap
Michelle Gloeckler, SVP of Home at Walmart and head of the retailer’s domestic manufacturing initiative is scheduled to give an update on the program, its progress and inner workings in Bentonville next month.
Gloecker was recently confirmed as a speaker at an event organized by the Bentonville Bella Vista Chamber of Commerce for the organization’s Walstreet membership group which consists of Walmart suppliers and service provider companies. Gloecker is scheduled to speak on Thursday, November 14.