EXHIBIT 99.1


       Pier 1 Imports, Inc. Obtains Temporary Restraining Order

    FORT WORTH, Texas--(BUSINESS WIRE)--Feb. 13, 2007--Pier 1 Imports,
Inc. (NYSE:PIR) announced today that it has obtained a temporary
restraining order against The TJX Companies, Inc. ("TJX") of
Framingham, Massachusetts enjoining TJX from filing any judicial
proceeding or lawsuit against Alexander Smith, other than making a
claim for arbitration with the American Arbitration Association.

    Pier 1 has a policy against verbally commenting outside of the
legal process on litigation to which the Company is a party.

    Pier 1 Imports, Inc. is North America's largest specialty retailer
of imported decorative home furnishings and gifts with Pier 1
Imports(R) stores in 49 states, Puerto Rico, Canada, and Mexico and
Pier 1 kids(R) stores in the United States. Information about the
Company is available on www.pier1.com.

    CONTACT: Pier 1 Imports, Inc.
             Cary Turner, 817-252-8400