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FORM 10-QSB/A-1
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
[Mark One]
[X] Quarterly report under Section 13 or 15(d) of the Securities Exchange Act of
1934
For the Quarterly period ended September 29, 1996 or
[ ] Transition report under Section 13 or 15(d) of the Exchange Act
For the Transition period from ________ to _______
Commission File Number 0-18707
SPECIALTY RETAIL GROUP, INC.
(Exact Name of Small Business Issuer as specified in its charter)
Florida 59-2824411
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(State or other jurisdiction Of (IRS Employer Identification No.)
incorporation or organization)
1720 Post Road East, Suite 112, Westport, Connecticut 06880
(Address of principal offices)
(203) 256-4380
(Issuer's telephone number)
Check whether the issuer (1) filed all reports required to be filed by
Section 13 or 15 (d) of the Exchange Act during the past 12 months (or for such
shorter period that the issuer was required to file such reports), and (2) has
been subject to such filing requirements for the past 90 days. Yes X No
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On November 5, 1996, 9,538,071 shares of the issuer's Common Stock were
outstanding.
There are no exhibits
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SIGNATURES
In accordance with the requirements of the Exchange Act, the Registrant
caused this amendment to the Report on Form 10-QSB to be signed on its behalf by
the undersigned, thereto duly authorized.
SPECIALTY RETAIL GROUP, INC.
Date: December 6, 1996 By /s/ Kevin R. Greene
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Kevin R. Greene
Chairman of the Board,
Chief Executive and
Financial Officer
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INDEX TO EXHIBITS
Exhibit No. Description
27 Financial Data Summary
<TABLE> <S> <C>
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<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONDENSED CONSOLIDATED BALANCE SHEET AND CONDENSED CONSOLIDATED STATEMENTS OF
OPERATIONS FOUND ON PAGES 3 AND 4 OF THE COMPANY'S FORM 10-QSB FOR THE
QUARTER-ENDED SEPTEMBER 29, 1996, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> JUN-29-1997
<PERIOD-START> JUL-01-1996
<PERIOD-END> SEP-29-1996
<CASH> 166,489
<SECURITIES> 0
<RECEIVABLES> 0
<ALLOWANCES> 0
<INVENTORY> 1,066,592
<CURRENT-ASSETS> 1,357,158
<PP&E> 1,267,423
<DEPRECIATION> 515,306
<TOTAL-ASSETS> 2,349,878
<CURRENT-LIABILITIES> 2,213,304
<BONDS> 0
0
2,394
<COMMON> 9,538
<OTHER-SE> 124,642
<TOTAL-LIABILITY-AND-EQUITY> 2,349,878
<SALES> 1,247,293
<TOTAL-REVENUES> 1,247,293
<CGS> 819,507
<TOTAL-COSTS> 819,507
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> (757,648)
<INCOME-TAX> 0
<INCOME-CONTINUING> (757,648)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (757,648)
<EPS-PRIMARY> (0.08)
<EPS-DILUTED> (0.08)
</TABLE>
