<PAGE>
Filed Pursuant to
Rule 424(b)(3)
Registration No. 333-11535
Addendum dated December 18, 1996 to Specialty Retail Group, Inc.
Prospectus dated October 21, 1996 (Registration No. 333-11535) as supplemented
by Addenda dated November 3, 1996 and November 27, 1996.
- ------------------------------------------------------------------------------
Page 2
The Common Stock of the Company is no longer being traded on the
NASDAQ SmallCap Market. The Company expects that the Common Stock
will continue to be traded on the over-the-counter market.
Addendum dated December 18, 1996 to Specialty Retail Group, Inc.
Prospectus dated October 21, 1996 (Registration No. 333-11535) as supplemented
by Addendum dated November 3, 1996 and November 27, 1996
- ------------------------------------------------------------------------------
Page 21
Arnold Becker and C. Anthony Wainwright are no longer directors of the
Company.
