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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
COMMISSION FILE NUMBER 0-18707
NOTIFICATION OF LATE FILING
(Check one): [X] Form 10-KSB [ ] Form 11-K [ ] Form 20-F [ ] Form 1-QSB
[ ] Form N-SAR
For Period Ended: JUNE 30, 1996
[ ] 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 SPECIALTY RETAIL GROUP, INC.
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Former name if applicable
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Address of principal executive office (street and number): 1780 Post Road East
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City, State and Zip Code Westport, Connecticut 06880
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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 appropriate box.)
[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 15th 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, 11-K, 20-F,
10-Q, N-SAR or the transition report portion thereof could not be filed within
the prescribed time period. (Attach extra sheets if needed.)
The Registrant was unable to complete its report on Form 10-KSB in its
entirety for the fiscal year ended June 30, 1996 by the prescribed due date of
September 30, 1996, without unreasonable effort and expense. This is the result
of unusual time pressures on the Registrant's limited accounting staff, together
with Registrant's activities in connection with significant corporate
activities. The Registrant does not expect to report any information under Part
II of Form 10-KSB.
PART IV. OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Joel Negrin, Esq. (212) 907-0700
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(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? Form 10-QSB for the
fiscal period ending March 31, 1996 has not yet been filed.
[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?
Registrant expects to report a loss of approximately $3,400,000 for the year
ended June 30, 1996 as compared to a loss of approximately $8,660,000 for the
comparable prior year period.
[X] Yes [ ] No
SPECIALTY RETAIL GROUP, INC.
Date September 27, 1996 By /s/ Kevin R. Greene
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Name: Kevin R. Greene
Title: Chairman
