SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12B-25
Commission File Number 1-7927
NOTIFICATION OF LATE FILING
(Check One): [ X ] Form 10-K and Form 10-KSB [ ] Form 20-F
[ ] Form 11-K
[ ] Form 10-Q and Form 10-QSB [ ] Form N-SAR
For Period Ended: January 31, 1995
_______________________________________________________
[ ] Transition Report on Form 10-K [ ] Transition Report on Form 10-Q
[ ] Transition Report on Form 20-F [ ] Transition Report on Form N-SAR
[ ] Transition Report on Form 11-K
For the Transition Period Ended:________________________________________
Read Attached Instruction Sheet Before Preparing Form. Please
Print or Type.
Nothing in this form shall be construed to imply that the
Commission has verified any information contained herein.
________________________________________________________________________
If the notification relates to a portion of the filing checked
above, identify the Item(s) to which the notification relates:
_________________________________________________________________________
_________________________________________________________________________
PART I. REGISTRANT INFORMATION
Full Name of Registrant: House of Fabrics, Inc.
_______________________________________________
Former Name if Applicable:________________________________________________
Address of Principal Executive Office (Street and Number):
13400 Riverside Drive
__________________________________________________________________________
City, State and Zip Code: Sherman Oaks, California 91423
_________________________________________________
PART II. RULE 12B-25 (B) AND (C)
If the subject report could not be filed without unreasonable
effort or expense and the registrant seeks relief pursuant to
Rule 12b-25(b), the following should be completed. (Check box if
appropriate.)
[ X ] (a) The reasons described in reasonable detail in Part
III of this form could not be eliminated without
unreasonable effort or expense;
[ X ] (b) The subject annual report, semi-annual report,
transition report on Form 10-K, 20-F, 11-K or Form N-SAR,
or portion thereof will be filed on or before the
fifteenth calendar day following the prescribed due date;
or the subject quarterly report or transition report on
Form 10-Q, or portion thereof will be filed on or before
the fifth calendar day following the prescribed due date;
and
[ ] (c) The accountant's statement or other exhibit required
by Rule 12b-25(c) has been attached if applicable.
PART III. NARRATIVE
State below in reasonable detail the reasons why Form 10-K and
Form 10-KSB, 20-F, 11-K, 10-Q and Form 10-QSB, N-SAR, or the transition
report or portion thereof could not be filed within the prescribed time
period. (Attach Extra Sheets if Needed.)
See Attachment A.
____________________
PART IV. OTHER INFORMATION
(1) Name and telephone number of person to contact in regard
to this notification
Marvin S. Maltzman (818) 385-2303
____________________________________________________________________
(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under section 13
or 15(d) of the Securities Exchange Act of 1934 or section 30 of
the Investment Company Act of 1940 during the preceding 12 months
or for such shorter period that the registrant was required to file
such report(s) been filed? If the answer is no, identify
report(s).
[ X ] Yes [ ] No
(3) Is it anticipated that any significant change in results
of operations from the corresponding period for the last fiscal
year will be reflected by the earnings statements to be included in
the subject report or portion thereof?
[ X ] Yes [ ] No
If so: attach an explanation of the anticipated change, both
narratively and quantitatively, and, if appropriate, state the
reasons why a reasonable estimate of the results cannot be made.
See Attachment B
_______________________________________________________
HOUSE OF FABRICS, INC.
(Name of Registrant as specified in charter)
has caused this notification to be signed on its behalf by the
undersigned thereunto duly authorized.
Date May 1, 1995 By /s/ MARVIN MALTZMAN
______________ ___________________________________
Name: Marvin S. Maltzman
Title: Vice President, Secretary and
General Counsel
<PAGE>
ATTACHMENT A
On November 2, 1994, House of Fabrics, Inc. (the
"Company") filed a voluntary petition under Chapter 11 of the
United States Bankruptcy Code. Due to its current financial
position, the Company's resources are extremely limited and have
been focused on the Chapter 11 proceedings. This is especially
true of the financial department of the Company. The Company's
financial personnel have been required to produce a wealth of
information to be filed with the Bankruptcy Court. This effort has
severely taxed the resources of the Company's financial personnel,
which in turn caused this delay in filing.
<PAGE>
ATTACHMENT B
The Company presently is in the process of determining
the amount of reportable revenues and is not currently in a
position to give a reasonable estimate of revenues. However, the
Company currently believes that revenues and operating margins for
fiscal 1995 will be lower than revenues and operating margins for
fiscal 1994. The reduction in revenues and operating margin
resulted in part from the lower number of stores as a result of the
Company's previously reported 1993 Restructuring Plan and 1994
Restructuring Plan and a reduction in comparable store sales due to
continued weak market conditions and significant competitive
pressures. In addition, the Company currently believes that the
net pre-tax loss for fiscal 1995 will be significantly higher than
the net pre-tax loss for fiscal 1994. The Company does not
currently believe that the net pre-tax loss for fiscal 1995 will
exceed $99 million. The increase in net pre-tax loss resulted
in part from lower revenues and operating margin and from inventory
writedowns and store closing charges in connection with the
Company's 1994 Restructuring Plan.
