LITTLE SWITZERLAND INC/DE
NT 10-Q, 2001-01-09
JEWELRY STORES
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<PAGE>

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 12B-25

                                               Commission File Number 0-19369
                                                                     ----------

NOTIFICATION OF LATE FILING
(Check One): Form 10-K[ ] Form 11-K[ ] Form 20-F[ ] Form 10-Q[x] Form N-SAR

For Period Ended: November 25, 2000
                  --------------------
[ ] 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      Little Switzerland, Inc.
                       --------------------------------------------------------

Former name if applicable

Address of principal executive office (Street and number)

                        161-B Crown Bay Cruise Ship Port
-------------------------------------------------------------------------------

City, State and Zip        St. Thomas, U.S.V.I. 00802
                    -----------------------------------------------------------

                        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 B 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.



                                                                     FORM 12B-25
--------------------------------------------------------------------------------

                               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.)



<PAGE>


     The Registrant has not yet completed certain analyses necessary to complete
the Registrant's financial statements for the three and six months ended
November 25, 2000.

                           PART IV. OTHER INFORMATION

     (1) Name and telephone number of person to contact in regard to this
notification

         Patrick J. Hopper                         (340) 776-2010
--------------------------------------------------------------------------------
              (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? If the answer is no,
identify report(s). [ ] Yes [x] No

     The Registrant has yet to file the Part III information of Form 10-K for
the fiscal year ended May 27, 2000.

     (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?
                                                                  [ ] Yes [x] No

     If so, attach an explanation of the anticipated change, both narratively
and quantitatively, and, if appropriate, state the reasons why a reasonable
estimate of the results cannot be made.


                            Little Switzerland, Inc.
--------------------------------------------------------------------------------
                  (Name of registrant as specified in charter)

Has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.

Date January 9, 2001                By: /s/ Patrick J. Hopper
     -----------------                 -----------------------------------------
                                    Name:  Patrick J. Hopper
                                    Title: Chief Financial Officer


      Instruction. The form may be signed by an executive officer of the
registrant or by any other duly authorized representative. The name and title of
the person signing the form shall be typed or printed beneath the signature. If
the statement is signed on behalf of the registrant by an authorized
representative (other than an executive officer), evidence of the
representative's authority to sign on behalf of the registrant shall be filed
with the form.

                                    ATTENTION

     Intentional misstatements or omissions of fact constitute Federal criminal
violations (see 18 U.S.C. 1001).







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