EXHIBIT 23.1 CONSENT OF INDEPENDENT AUDITORS We consent to the reference to our firm under the caption "Experts" in the Registration Statement on Form S-8 (Registration No. 333- ) pertaining to the Pier 1 Imports, Inc. 1999 Stock Plan and to the incorporation by reference therein of our report dated April 4, 2003, with respect to the consolidated financial statements of Pier 1 Imports, Inc. incorporated by reference in its Annual Report (Form 10-K) for the year ended March 1, 2003, filed with the Securities and Exchange Commission. /s/ ERNST & YOUNG LLP - --------------------- ERNST & YOUNG LLP Fort Worth, Texas August 29, 2003