GROSSMANS INC
10-K/A, 1995-05-02
LUMBER & OTHER BUILDING MATERIALS DEALERS
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              SECURITIES AND EXCHANGE COMMISSION
                    Washington, D.C.  20549
                          FORM 10-K/A

[X] Annual Report Pursuant to Section 13 or 15(d) of the Securities        
    Exchange Act of 1934 (Fee Required)
    For the fiscal year ended December 31, 1994

[ ] Transition Report Pursuant to Section 13 or 15(d) of the Securities    
    Exchange Act of 1934 (No Fee Required)
    For the transition period from ________________ to _______________

Commission File Number 1-542

                        GROSSMAN'S INC.
- -------------------------------------------------------------------------- 
 
          (Exact Name of Registrant as Specified in Its Charter)
                          
                 Delaware                                   38-0524830    
- --------------------------------------------           -------------------
       (State or other jurisdiction of                 (IRS Employer
        incorporation or organization)                 Identification No.)
                                           
 200 Union Street, Braintree, Massachusetts                    02184       
- --------------------------------------------           -------------------
  (Address of principal executive offices)                  (Zip Code)

                        (617) 848-0100
- --------------------------------------------------------------------------
            Registrant's telephone number, including area code

Securities registered pursuant to Section 12(b) of the Act:

                                                    Name of Exchange
            Title of Class                          on Which Registered  
- ---------------------------------------        ---------------------------
Common Stock, par value $0.01 per share          The Nasdaq Stock Market

Securities registered pursuant to Section 12(g) of the Act:

                             None
- --------------------------------------------------------------------------
                       (Title of Class)

Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act
of 1934 during the preceding 12 months (or for such shorter period that
the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days.  Yes  X     No   

Indicate by check mark if disclosure of delinquent filers pursuant to Item
405 of Regulation S-K is not contained herein, and will not be contained,
to the best of the registrant's knowledge, in definitive proxy or
information statements incorporated by reference in Part III of this Form
10-K, or any amendment to this Form 10-K.  [ ]

The aggregate market value of the voting stock held by nonaffiliates of
the registrant as of March 1, 1995 was $59,621,282.

The number of shares of the registrant's class of Common Stock ($.01 par
value) outstanding on March 1, 1995 was 25,782,176, exclusive of 355,171
shares held as treasury shares.

                       Documents Incorporated By Reference

The Company's definitive Proxy Statement for its 1995 Annual Meeting of 
Stockholders, to be filed with the Commission not later than 120 days
after the end of the fiscal year covered hereby, is incorporated by
reference into Part III of this Form 10-K to the extent set forth herein.

   
      This amendment files Exhibit 27.
    


<TABLE> <S> <C>

<ARTICLE>      5
<MULTIPLIER>   1,000
       
<S>                                   <C>
<PERIOD-TYPE>                         YEAR
<FISCAL-YEAR-END>                     DEC-31-1994
<PERIOD-END>                          DEC-31-1994
<CASH>                                3,034
<SECURITIES>                          0
<RECEIVABLES>                         23,606 
<ALLOWANCES>                          4,157
<INVENTORY>                           116,602
<CURRENT-ASSETS>                      148,133
<PP&E>                                176,332
<DEPRECIATION>                        61,435
<TOTAL-ASSETS>                        266,620
<CURRENT-LIABILITIES>                 104,649
<BONDS>                               59,927
<COMMON>                              261
                 0
                           0
<OTHER-SE>                            80,384
<TOTAL-LIABILITY-AND-EQUITY>          266,620
<SALES>                               759,156
<TOTAL-REVENUES>                      759,156
<CGS>                                 572,095
<TOTAL-COSTS>                         572,095
<OTHER-EXPENSES>                      182,890
<LOSS-PROVISION>                      1,378
<INTEREST-EXPENSE>                    7,376
<INCOME-PRETAX>                       (2,117)
<INCOME-TAX>                          (212)
<INCOME-CONTINUING>                   (1,905)
<DISCONTINUED>                        0
<EXTRAORDINARY>                       0
<CHANGES>                             0
<NET-INCOME>                          (1,905)
<EPS-PRIMARY>                         (0.07)
<EPS-DILUTED>                         (0.07)
                                      

</TABLE>


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