SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 21,
1995
Stuarts Department Stores, Inc.
(Exact name of registrant as specified in its charter)
Delaware 0-13184
04-2817110
(State or other jurisdiction (Commission (IRS
Employer
of incorporation) File Number)
Identification No.)
16 Forge Parkway, Franklin, Massachusetts 02038
(Address of principal executive offices) (Zip
Code)
Registrant's telephone number, including area code (508)
520-4540
N/A
(Former name or former address, if changed since last report)
Page 1 of 5 Pages
<PAGE>
Item 5. Other Events.
On June 21, 1995, Stuarts Department Stores, Inc.
issued a press release (the "Press Release"), a copy of which is
annexed hereto as Exhibit 28-1 and incorporated herein by
reference.
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits
(c) Exhibits.
The following Exhibits are filed herewith:
Exhibit
28-1 Press Release dated June 21, 1995.
Page 2 of 5 Pages
<PAGE>
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report
to be signed on its behalf by the undersigned thereunto duly
authorized.
STUARTS DEPARTMENT STORES,
INC.
DATED: June 21, 1995 By: /s/ Antone F. Moreira
Antone F. Moreira
Executive Vice
President
Page 3 of 5 Pages
<PAGE>
EXHIBIT INDEX
Exhibit
Number Exhibit
Location
28-1 Press Release dated June 21, 1995
Page 5
Page 4 of 5 Pages
<PAGE>
<PAGE>
STUARTS BOARD APPROVES DEPARTMENT STORE
CHAIN LIQUIDATION OR SALE
FRANKLIN, MA, June 21, 1995 -- Stuarts Department Stores,
Inc. announced today that its Board of Directors had approved
the orderly liquidation or sale in Chapter 11 of the department
store chain. The Company stated that the Company's management
was exploring various alternatives by which the liquidation or
sale can be effected and that it intended to formulate a plan
for the liquidation or sale as promptly as practicable.
Stuarts stated that its Board of Directors' determination
had been affected by a number of factors, including, in
particular, poor sales and operating results achieved over the
Father's Day selling period. The orderly liquidation or sale
will involve the closing or the sale of the remaining Stuarts
stores and is likely to take a number of months to complete.
Stuarts reported further that any liquidation or sale would be
subject to obtaining the requisite approval of the Company's
secured creditor, the Official Committee of Creditors in the
bankruptcy proceeding and the Bankruptcy Court and, accordingly,
there can be no assurance that a plan for the liquidation or
sale formulated by the Company's management will be effected.
Stuarts stated that, although it does not presently believe
that the liquidation or sale will result in any distribution of
liquidation proceeds to its shareholders, the amount, if any,
available for distribution to the Company's unsecured creditors
could not presently be estimated.
74/0003
