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SEC FILE NUMBER
0-17868
CUSIP NUMBER
500760 10 3
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One): / / Form 10-K / / Form 20-F / / Form 11-K /x/ Form 10-Q
/ / Form N-SAR
For Period Ended: March 31, 1995
/ / Transition Report on Form 10-K
/ / Transition Report on Form 20-F
/ / Transition Report on Form 11-K
/ / Transition Report on Form 10-Q
/ / Transition Report on Form N-SAR
For the Transition Period Ended: ______________________________
Read Instruction (on back page) 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
KRAUSE'S FURNITURE, INC.
_______________________________________________________________________________
Former Name if Applicable
_______________________________________________________________________________
Address of Principal Executive Office (Street and Number)
5980 Stoneridge Dr., Suite 109, Pleasanton, CA 94588
_______________________________________________________________________________
City, State and Zip Code
PART II--RULES 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;
(b) The subject annual report, semi-annual report, transition report on
Form 10-K, Form 20-F, 11-K, Form N-SAR, or portion thereof, will be
/X/ filed on or before the fifteenth calendar day following the prescribed
due date; or the subject quarterly report of 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 the Form 10-K, 11-K, 10-Q,
N-SAR, or the transition report or portion thereof, could not be filed within
the prescribed time period. (Attach Extra Sheets if Needed)
The Company recently changed its fiscal year from the calendar year to a 52/53
week fiscal year ending on the last Sunday in January. Additional time is
required in order to complete the accounting cutoff on the former calendar
year basis as required by the transition rules relating to changes in fiscal
year.
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PART IV--OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Robert G. Sharpe 510 460-6201
___________________________________________________________________________
(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 reports) been filed? If
answer is no, identify report(s). /X/ Yes / / No
___________________________________________________________________________
(3) It is 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.
_______________________________________________________________________________
KRAUSE'S FURNITURE, INC.
___________________________________________________________
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date May 15, 1995 By /s/ Robert G. Sharpe
________________________________ ____________________________________
Executive Vice President
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KRAUSE'S FURNITURE, INC.
SEC File Number 0-17868
CUSIP Number 500760 10 3
FORM 12b-25
NOTIFICATION OF LATE FILING
Statement Supporting Question (3) in Part IV - Other Information
The estimated 1995 first quarter operating results of the Registrant differs
significantly from the 1994 results for the following reasons:
1. Net loss in first quarter 1995 is estimated to be $4,468,000
compared to a net loss of $2,745,000 in the first quarter 1994.
2. Gross margins were approximately 52.1% in the first quarter
1995 compared to 54.9% in the prior year due to more product
promotions.
3. Selling, general and administrative expenses were higher in the
first quarter 1995 due in part to higher sales and advertising
expenses.
