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Pier 1 Names Former Kmart Executive Its CEO

Pier 1 Imports Inc. said late Monday its board of directors has named Alasdair James the company's new chief executive, effective May 1. James hails most recently from Sears Holdings Corp. , where he served since 2014 as president of Kmart. Shares of Pier 1 were flat in late trading after ending the regular session down 0.8%. Pier 1 ousted former CEO Alex Smith last year.

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