BROOKSTONE INC
SC 13G/A, 1998-02-17
RETAIL STORES, NEC
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<PAGE>
 
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                  SCHEDULE 13G
                    Under the Securities Exchange Act of 1934
                                 Amendment No. 6



                                Brookstone, Inc.
- -------------------------------------------------------------------------------
                                (Name of Issuer)



                          Common Stock, $.001 par value
- -------------------------------------------------------------------------------
                         (Title of Class of Securities)




                                    114537103
                  --------------------------------------------
                                 (CUSIP Number)

                              Page 1 of 11 pages
<PAGE>

- -----------------------                                  
  CUSIP NO. 114537103                   13G              
- -----------------------                                  
 
- ------------------------------------------------------------------------------
      NAME OF REPORTING PERSON
 1    I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
      
      Goldman, Sachs & Co.

- ------------------------------------------------------------------------------
      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 2                                                              (a) [_]
                                                                (b) [_]
                                                 
- ------------------------------------------------------------------------------
      SEC USE ONLY
 3
 

- ------------------------------------------------------------------------------
      CITIZENSHIP OR PLACE OF ORGANIZATION
 4    
      New York 

- ------------------------------------------------------------------------------
                          SOLE VOTING POWER
                     5   
     NUMBER OF            0
 
      SHARES       -----------------------------------------------------------
                          SHARED VOTING POWER
   BENEFICIALLY      6
                          894,200
     OWNED BY
                   -----------------------------------------------------------
       EACH               SOLE DISPOSITIVE POWER
                     7    
    REPORTING             0
 
      PERSON       -----------------------------------------------------------
                          SHARED DISPOSITIVE POWER
       WITH          8
                          894,200
- ------------------------------------------------------------------------------
      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 9  
      894,200

- ------------------------------------------------------------------------------
      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10                  
                                                                    [_]
 
- ------------------------------------------------------------------------------
      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11    
      11.4%

- ------------------------------------------------------------------------------
      TYPE OF REPORTING PERSON*
12
      BD-PN-IA

- ------------------------------------------------------------------------------

                     *SEE INSTRUCTIONS BEFORE FILLING OUT!


                               Page 2 of 11 pages

<PAGE>

- -----------------------                                  
  CUSIP NO. 114537103                   13G              
- -----------------------                                  
 
- ------------------------------------------------------------------------------
      NAME OF REPORTING PERSON
 1    I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
      
      The Goldman Sachs Group, L.P.

- ------------------------------------------------------------------------------
      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 2                                                              (a) [_]
                                                                (b) [_]
                                                 
- ------------------------------------------------------------------------------
      SEC USE ONLY
 3
 

- ------------------------------------------------------------------------------
      CITIZENSHIP OR PLACE OF ORGANIZATION
 4    
      Delaware 

- ------------------------------------------------------------------------------
                          SOLE VOTING POWER
                     5   
     NUMBER OF            0
 
      SHARES       -----------------------------------------------------------
                          SHARED VOTING POWER
   BENEFICIALLY      6
                          894,200
     OWNED BY
                   -----------------------------------------------------------
       EACH               SOLE DISPOSITIVE POWER
                     7    
    REPORTING             0
 
      PERSON       -----------------------------------------------------------
                          SHARED DISPOSITIVE POWER
       WITH          8
                          894,200
- ------------------------------------------------------------------------------
      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 9  
      894,200             

- ------------------------------------------------------------------------------
      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10                  
                                                                    [_]
 
- ------------------------------------------------------------------------------
      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11    
      11.4%   

- ------------------------------------------------------------------------------
      TYPE OF REPORTING PERSON*
12
      HC-PN 

- ------------------------------------------------------------------------------

                     *SEE INSTRUCTIONS BEFORE FILLING OUT!


                               Page 3 of 11 pages

<PAGE>

- -----------------------                                  
  CUSIP NO. 114537103                   13G              
- -----------------------                                  
 
- ------------------------------------------------------------------------------
      NAME OF REPORTING PERSON
 1    I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
      
      Goldman Sachs Trust on behalf of
      Goldman Sachs Small Cap Value Fund

- ------------------------------------------------------------------------------
      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 2                                                              (a) [_]
                                                                (b) [_]
                                                 
- ------------------------------------------------------------------------------
      SEC USE ONLY
 3
 

- ------------------------------------------------------------------------------
      CITIZENSHIP OR PLACE OF ORGANIZATION
 4    
      Delaware 

- ------------------------------------------------------------------------------
                          SOLE VOTING POWER
                     5   
     NUMBER OF            0
 
      SHARES       -----------------------------------------------------------
                          SHARED VOTING POWER
   BENEFICIALLY      6
                          697,700
     OWNED BY
                   -----------------------------------------------------------
       EACH               SOLE DISPOSITIVE POWER
                     7    
    REPORTING             0
 
      PERSON       -----------------------------------------------------------
                          SHARED DISPOSITIVE POWER
       WITH          8
                          697,700
- ------------------------------------------------------------------------------
      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 9  
      697,700

- ------------------------------------------------------------------------------
      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10                  
                                                                    [_]
 
- ------------------------------------------------------------------------------
      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11    
      8.9%

- ------------------------------------------------------------------------------
      TYPE OF REPORTING PERSON*
12
      IC

- ------------------------------------------------------------------------------

                     *SEE INSTRUCTIONS BEFORE FILLING OUT!


                               Page 4 of 11 pages

<PAGE>
 
Item 1(a).         Name of Issuer:
                   Brookstone, Inc.

Item 1(b).         Address of Issuer's Principal Executive Offices:
                   17 Riverside Street
                   Nashua, NH  03062

Item 2(a).         Name of Persons Filing:
                   The Goldman Sachs Group, L.P., Goldman, Sachs & Co. and
                   Goldman Sachs Trust on behalf of GS Small Cap Value Fund
                   (formerly GS Small Cap Equity Fund)

Item 2(b).         Address of Principal Business Office or, if None, Residence:
                   for the Goldman Sachs Group, L.P. and Goldman, Sachs & Co.:
                   85 Broad Street, New York, NY  10004
                   for Goldman Sachs Trust:
                   1 New York Plaza, New York, NY  10004

Item 2(c).         Citizenship:
                   The Goldman Sachs Group, L.P. - Delaware
                   Goldman, Sachs & Co. - New York
                   Goldman Sachs Trust - Delaware

Item 2(d).         Title and Class of Securities:
                   Common Stock, $.001 par value

Item 2(e).         CUSIP Number:
                   114537103

Item 3.            If this statement is filed pursuant to Rules 13d-1(b), or
                   13d-2(b), check whether the person filing is a :

          (a).X    Broker or dealer registered under Section 15 of the Act, 
                      Goldman, Sachs & Co.

          (b).     Bank as defined in Section 3(a)(6) of the Act, 

          (c).     Insurance Company as defined in Section 3(a)(19) of the Act,
                   
          (d).X    Investment Company registered under Section 8 of the
                   Investment Company Act,
                      Goldman Sachs Trust on behalf of GS Small
                      Cap Value Fund

                              Page 5 of 11 pages
<PAGE>
 
          (e).X    Investment Adviser registered under Section 203 of
                   the Investment Advisers Act of 1940, 
                      Goldman, Sachs & Co.

          (f).     Employee Benefit Plan, Pension Fund which is subject to the
                   provisions of the Employee Retirement Income Security Act of
                   1974 or Endowment Fund; see 13d-1(b)(1)(ii)(F),

          (g).X    Parent Holding Company, in accordance with Rule 
                   13d-1(b)(ii)(G); see Item 7,
                      The Goldman Sachs Group, L.P.

          (h).     Group, in accordance with Rule 13d-1(b)(ii)(H).

Item 4.            Ownership.*

          (a).     Amount beneficially owned:
                   See the response(s) to Item 9 on the attached cover page(s).

          (b).     Percent of Class:
                   See the response(s) to Item 11 on the attached cover page(s).

          (c).     Number of shares as to which such person has:

                   (i).      Sole power to vote or to direct the vote:
                                See the response(s) to Item 5 on the attached
                                cover page(s).

                   (ii).     Shared power to vote or to direct the vote:
                                See the response(s) to Item 6 on the attached
                                cover page(s).

                   (iii).    Sole power to dispose or to direct the disposition 
                             of: 
                                See the response(s) to Item 7 on the attached 
                                cover page(s).

                   (iv).    Shared power to dispose or to direct the disposition
                            of:
                                See the response(s) to Item 8 on the attached
                                cover page(s).

Item 5.            Ownership of Five Percent or Less of a Class.
                            Not Applicable




- ------------------------
* The Goldman Sachs Group, L.P. ("GS Group") and Goldman, Sachs & Co. ("Goldman
Sachs") each disclaim beneficial ownership of the Common Stock beneficially
owned by (i) managed accounts and (ii) certain investment limited partnerships,
of which a subsidiary of GS Group or Goldman Sachs is the general partner or
managing general partner, to the extent partnership interests in such
partnerships are held by persons other than GS Group, Goldman Sachs or their
affiliates.

                              Page 6 of 11 pages
<PAGE>
 
Item 6.            Ownership of More than Five Percent on Behalf of Another
                   Person.
                      Not Applicable

Item 7.            Identification and Classification of the Subsidiary Which
                   Acquired the Security Being Reported on by the Parent Holding
                   Company.
                      See Exhibit (99.2)

Item 8.            Identification and Classification of Members of the Group.
                      Not Applicable

Item 9.            Notice of Dissolution of Group.
                      Not Applicable

Item 10.           Certification.

                   By signing below I certify that, to the best of my knowledge
                   and belief, the securities referred to above were acquired in
                   the ordinary course of business and were not acquired for the
                   purpose of and do not have the effect of changing or
                   influencing the control of the issuer of such securities and
                   were not acquired in connection with or as a participant in
                   any transaction having such purpose or effect.

                              Page 7 of 11 pages
<PAGE>
 
                                   SIGNATURE

               After reasonable inquiry and to the best of my knowledge and
               belief, I certify that the information set forth in this
               statement is true, complete and correct.




Date:  February 14, 1998



                                 THE GOLDMAN SACHS GROUP, L.P.


                                 By:/s/ Hans L. Reich
                                    -------------------------------------
                                 Name:  Hans L. Reich
                                 Title: Attorney-in-fact


                                 GOLDMAN, SACHS & CO.

                                 By:/s/ Hans L. Reich
                                    -------------------------------------
                                 Name:  Hans L. Reich
                                 Title: Attorney-in-fact


                                 GOLDMAN SACHS TRUST on behalf of
                                 Goldman Sachs Small Cap Value Fund

                                 By:/s/ Hans L. Reich
                                    -------------------------------------
                                 Name:  Hans L. Reich
                                 Title: Attorney-in-fact

                              Page 8 of 11 pages
<PAGE>
 
                               INDEX TO EXHIBITS

<TABLE> 
<CAPTION> 

Exhibit No.               Exhibit
- -----------               -------
<S>                       <C> 
     99.1                 Joint Filing Agreement, dated February 14, 1998,
                          between The Goldman Sachs Group, L.P., Goldman, Sachs
                          & Co. and Goldman Sachs Trust on behalf of GS Small
                          Cap Value Fund

     99.2                 Item 7 Information

</TABLE> 

                              Page 9 of 11 pages
<PAGE>
 
                                                                  EXHIBIT (99.1)



                             JOINT FILING AGREEMENT



     In accordance with Rule 13d-1(f) promulgated under the Securities Exchange
Act of 1934, the undersigned agree to the joint filing of a Statement on
Schedule 13G (including any and all amendments thereto) with respect to the
shares of Common Stock, $.001 par value of Brookstone, Inc., and further agree
to the filing of this agreement as an Exhibit thereto. In addition, each party
to this Agreement expressly authorizes each other party to this Agreement to
file on its behalf any and all amendments to such Statement on Schedule 13G.



Date:  February 14, 1998


                             THE GOLDMAN SACHS GROUP, L.P.


                             By:/s/ Hans L. Reich
                                ----------------------------------------
                             Name:  Hans L. Reich
                             Title: Attorney-in-fact


                             GOLDMAN, SACHS & CO.

                             By:/s/ Hans L. Reich
                                ----------------------------------------
                             Name:  Hans L. Reich
                             Title: Attorney-in-fact


                             GOLDMAN SACHS TRUST on behalf of
                             Goldman Sachs Small Cap Value Fund

                             By:/s/ Hans L. Reich
                                ----------------------------------------
                             Name:  Hans L. Reich
                             Title: Attorney-in-fact

                              Page 10 of 11 pages
<PAGE>
 
                                                                  EXHIBIT (99.2)



                               ITEM 7 INFORMATION



     Goldman, Sachs & Co. is a broker or dealer registered under Section 15 of
the Act and an investment adviser registered under Section 203 of the Investment
Advisers Act of 1940. 

     Goldman Sachs Trust is an Investment Company registered under Section 8 of
the Investment Company Act.

                              Page 11 of 11 pages


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