Unassociated Document

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Initial Filing)

Pier 1 Imports, Inc.

(Name of Issuer)

Common Stock, $1.00 Par Value

(Title of Class of Securities)

720279108

(CUSIP Number)

April 14, 2009

(Date of Event Which Requires Filing of This Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

Page 1 of 11

CUSIP No. 720279108

1	NAMES OF REPORTING PERSONS	Greek Investments, Inc.

	I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS	Not Applicable

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) 

(b) 

SEC USE ONLY

CITIZENSHIP OR PLACE OF ORGANIZATION

Turks & Caicos Islands

NUMBER	5	SOLE VOTING POWER	0
OF
SHARES
BENEFICIALLY	6	SHARED VOTING POWER	4,513,936
OWNED
BY	7	SOLE DISPOSITIVE POWER	0
REPORTING
PERSON WITH	8	SHARED DISPOSITIVE POWER	4,513,936

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

4,513,936

CHECK IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

5.006%1

TYPE OF REPORTING PERSON (See Instructions)

________________________

Calculated on the basis of 90,178,690 shares of the Issuer’s Common Stock outstanding as of April 14, 2009.

Page 2 of 11

CUSIP No. 720279108

1	NAMES OF REPORTING PERSONS	Maria Konstantinu

	I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS	Not Applicable

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) 

(b) 

SEC USE ONLY

CITIZENSHIP OR PLACE OF ORGANIZATION

Greece

NUMBER	5	SOLE VOTING POWER	0
OF
SHARES
BENEFICIALLY	6	SHARED VOTING POWER	4,513,936
OWNED
BY	7	SOLE DISPOSITIVE POWER	0
REPORTING
PERSON WITH	8	SHARED DISPOSITIVE POWER	4,513,936

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

4,513,936

CHECK IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

5.006%1

TYPE OF REPORTING PERSON (See Instructions)

________________________

Calculated on the basis of 90,178,690 shares of the Issuer’s Common Stock outstanding as of April 14, 2009.

Page 3 of 11

CUSIP No. 720279108

1	NAMES OF REPORTING PERSONS	Jorge Constantino

	I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS	Not Applicable

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) 

(b) 

SEC USE ONLY

CITIZENSHIP OR PLACE OF ORGANIZATION

Venezuela

NUMBER	5	SOLE VOTING POWER	0
OF
SHARES
BENEFICIALLY	6	SHARED VOTING POWER	4,513,936
OWNED
BY	7	SOLE DISPOSITIVE POWER	0
REPORTING
PERSON WITH	8	SHARED DISPOSITIVE POWER	4,513,936

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

4,513,936

CHECK IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

5.006%1

TYPE OF REPORTING PERSON (See Instructions)

________________________

Calculated on the basis of 90,178,690 shares of the Issuer’s Common Stock outstanding as of April 14, 2009.

Page 4 of 11

CUSIP No. 720279108

1	NAMES OF REPORTING PERSONS	Panayotis Constantino

	I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS	Not Applicable

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) 

(b) 

SEC USE ONLY

CITIZENSHIP OR PLACE OF ORGANIZATION

Venezuela

NUMBER	5	SOLE VOTING POWER	0
OF
SHARES
BENEFICIALLY	6	SHARED VOTING POWER	4,513,936
OWNED
BY	7	SOLE DISPOSITIVE POWER	0
REPORTING
PERSON WITH	8	SHARED DISPOSITIVE POWER	4,513,936

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

4,513,936

CHECK IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

5.006%1

TYPE OF REPORTING PERSON (See Instructions)

________________________

Calculated on the basis of 90,178,690 shares of the Issuer’s Common Stock outstanding as of April 14, 2009.

Page 5 of 11

CUSIP No. 720279108

1	NAMES OF REPORTING PERSONS	Athenea Constantino

	I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS	Not Applicable

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) 

(b) 

SEC USE ONLY

CITIZENSHIP OR PLACE OF ORGANIZATION

Venezuela

NUMBER	5	SOLE VOTING POWER	0
OF
SHARES
BENEFICIALLY	6	SHARED VOTING POWER	4,513,936
OWNED
BY	7	SOLE DISPOSITIVE POWER	0
REPORTING
PERSON WITH	8	SHARED DISPOSITIVE POWER	4,513,936

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

4,513,936

CHECK IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

5.006%1

TYPE OF REPORTING PERSON (See Instructions)

________________________

Calculated on the basis of 90,178,690 shares of the Issuer’s Common Stock outstanding as of April 14, 2009.

Page 6 of 11

Item 1(a).

Name of Issuer:

Pier 1 Imports, Inc.

Item 1(b).

Address of Issuer’s Principal Executive Offices:

100 Pier One Place

Fort Worth, TX 76102

Item 2(a).

Names of Persons Filing:

Greek Investments, Inc.; Maria Konstantinu;

Jorge Constantino; Panayotis Constantino; Athenea Constantino

Item 2(b).

Addresses of Principal Business Offices or, if none, Residences:

The physical address of Greek Investments, Inc. is Harbour House Queen Street,Grand Turk, Turks and Caicos Islands; the mailing address is P.O. Box 10908,Caparra Heights Station, San Juan, Puerto Rico 00922-0908. The address of each of Maria Konstantinu, Jorge Constantino, Panayotis Constantino and Athenea Constantino is Zalokosta 14, Paleo Psihiko, Athens 15452, Greece.

Item 2(c).

Citizenship:

Reference is made to Item 4 of each of the cover pages to this Schedule 13G, whichItems are incorporated by reference herein.

Item 2(d).

Title of Class of Securities:

Common Stock, $1.00 Par Value

Item2(e).

CUSIP Number:

720279108

Item 3.

If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

None apply.

Item 4.

Ownership:

Reference is made to Items 5 – 9 and 11 of each of the cover pages to this Schedule 13G, which Items are incorporated by reference herein. Greek Investments, Inc. (“Greek”) is the registered owner of the securities reflected in this Schedule 13G (the “Securities”). Each of Maria Konstantinu, Jorge Constantino, Panayotis Constantino and Athenea Constantino – mother and adult children, respectively, are jointly filing this Schedule 13G with Greek because each of them are directors, officers, agents or otherwise of Greek, and/or might be deemed, individually or in the aggregate, directly or indirectly, to beneficially own all of the securities of Greek, and therefore it is possible that they might be deemed to share the power to direct the voting and disposition of the Securities.

Page 7 of 11

Item 5.

Ownership of Five Percent or Less of a Class:

Not applicable.

Item 6.

Ownership of More than Five Percent on Behalf of Another Person:

Not applicable.

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company:

Not applicable.

Item 8.

Identification and Classification of Members of the Group:

Not applicable.

Item 9.

Notice of Dissolution of Group:

Not applicable.

Item 10.

Certification:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

Page 8 of 11

SIGNATURES

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: April ____, 2009

GREEK INVESTMENTS, INC.

By:
Name:
Title:



MARIA KONSTANTINU



JORGE CONSTANTINO



PANAYOTIS CONSTANTINO



ATHENEA CONSTANTINO

Page 9 of 11

Exhibit Index

Exhibit A Joint Filing Undertaking

Page 10 of 11

EXHIBIT A

JOINT FILING UNDERTAKING

The undersigned, being authorized thereunto, hereby execute this agreement as an exhibit to this Schedule 13G to evidence the agreement of the below-named parties, in accordance with rules promulgated pursuant to the Securities Exchange Act of 1934, to file this Schedule, as it may be amended, jointly on behalf of such parties.

Dated: April ____, 2009

GREEK INVESTMENTS, INC.

By:
Name:
Title:



MARIA KONSTANTINU



JORGE CONSTANTINO



PANAYOTIS CONSTANTINO



ATHENEA CONSTANTINO

Page 11 of 11