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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                          -----------------------------

                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                                 Date of Report:
                        (Date of earliest event reported)

                                December 20, 2006

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                              PIER 1 IMPORTS, INC.
               (Exact name of registrant as specified in charter)


           Delaware                        1-7832                75-1729843
(State or other jurisdiction of   (Commission File Number)     (IRS Employer
 incorporation or organization)                              Identification No.)

                                100 Pier 1 Place
                             Fort Worth, Texas 76102
                     (Address of principal executive offices
                                  and zip code)

                                 (817) 252-8000
                             (Registrant's telephone
                          number, including area code)

                                       N/A
          (Former name or former address, if changed since last report)

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the Registrant under any of the
following provisions (see General Instruction A.2. below):

|_|  Written  communications  pursuant to Rule 425 under the  Securities Act (17
     CFR 230.425).

|_|  Soliciting  material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
     240.14a-12).

|_|  Pre-commencement   communications  pursuant  to  Rule  14d-2(b)  under  the
     Exchange Act (17 CFR 240.14d-2(b)).

|_|  Pre-commencement   communications  pursuant  to  Rule  13e-4(c)  under  the
     Exchange Act (17 CFR 240.13e-4(c)).

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Item 5.02       Departure of Directors or Certain Officers; Election of
                Directors; Appointment of Certain Officers; Compensatory
                Arrangements of Certain Officers.

     E. Mitchell Weatherly, Executive Vice President, Stores for Pier 1 Imports,
Inc.  (Pier 1) will retire  effective  December 30, 2006.  Upon Mr.  Weatherly's
retirement and until a new head of Store Operations is selected, David A. Walker
will  be  responsible  for  Store  Operations  in  addition  to  his  continuing
responsibilities as Executive Vice President,  Logistics and Allocations of Pier
1.










                                   SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                                                PIER 1 IMPORTS, INC.


Date: December 20, 2006                         By: /s/ Michael A. Carter
                                                    ----------------------------
                                                    Michael A. Carter,
                                                    Senior Vice President and
                                                    General Counsel