SCSF Equities cuts stake in Pier 1 to 4.3%

By Lisa Kerner

Charlotte, N.C., Sept. 9 - SCSF Equities, LLC reduced its ownership interest in Pier 1 Imports, Inc. to 4.3%, from 5.3% on May 2, with the sale of 1,123,901 shares of the company's stock, according to a schedule 13D/A filed with the Securities and Exchange Commission.

According to the filing, the shares were sold between Aug. 11 and Sept. 9, priced at an average of $4.25 to $4.53 per share.

The investors beneficially own approximately 3.81 million shares of the Fort Worth, Texas, specialty retailer.

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