UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q/A
(X) Quarterly Report Pursuant to Section 13 or 15(d) of the
Securities
Exchange Act of 1934 For the period ended September 24,
1996
- ------------------
( ) Transition Report pursuant to Section 13 or 15 (d) of the
Securities
and Exchange Act of 1934 For the transition period from
_______ to _______
Commission File Number 0-20498
TOPS APPLIANCE CITY, INC.
- -----------------------------------------------------------------
- --------------
(Exact name of registrant as specified in its charter)
NEW JERSEY
22-3174554
- -----------------------------------------------------------------
- --------------
(State or other jurisdictions of (I.R.S.
Employer I.D. No.)
incorporation or organization)
45 Brunswick Avenue, Edison, New Jersey
08818
- -----------------------------------------------------------------
- ---------------
(Address of principal executive offices)
(Zip Code)
(908) 248-2850
- -----------------------------------------------------------------
- ---------------
(Registrant's telephone number, including area code)
Indicate by check mark whether the registrant (1) has filed all
reports
required to be filed by Section 13 or 15(d) of the Securities
Exchange Act of
1934 during the preceding 12 months (or for such shorter period
that the
registrant was required to file such reports), and (2) has been
subject to such
filing requirements for the past 90 days.
( X ) Yes (
) No
Number of shares outstanding of each of the issuer's classes of
common stock,
as of September 24, 1996.
7,265,698 Shares
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the
Registrant has duly caused this report to be signed on its behalf
by the
undersigned thereunto duly authorized.
Dated: December 30, 1996
TOPS APPLIANCE CITY, INC.
BY: /s/ Thomas L. Zambelli
__________________________
Thomas L. Zambelli
Senior Vice President and
Chief Financial Officer
<TABLE> <S> <C>
<ARTICLE> 5
<S> <C> <C>
<PERIOD-TYPE> 9-MOS 3-MOS
<FISCAL-YEAR-END> DEC-31-1996
DEC-31-1996
<PERIOD-END> SEP-24-1996
SEP-24-1996
<CASH> 3,951
3,951
<SECURITIES> 0
0
<RECEIVABLES> 1,346
1,346
<ALLOWANCES> 0
0
<INVENTORY> 52,172
52,172
<CURRENT-ASSETS> 59,302
59,302
<PP&E> 32,796
32,796
<DEPRECIATION> 0
0
<TOTAL-ASSETS> 98,338
98,338
<CURRENT-LIABILITIES> 34,617
34,617
<BONDS> 48,966
48,966
0
0
0
0
<COMMON> 0
0
<OTHER-SE> 10,621
10,621
<TOTAL-LIABILITY-AND-EQUITY> 98,338
98,338
<SALES> 226,398
75,804
<TOTAL-REVENUES> 226,396
75,804
<CGS> 178,081
60,492
<TOTAL-COSTS> 178,081
60,492
<OTHER-EXPENSES> 60,567
19,979
<LOSS-PROVISION> 0
0
<INTEREST-EXPENSE> 4,254
1,929
<INCOME-PRETAX> (15,833)
(6,409)
<INCOME-TAX> (6,332)
(2,562)
<INCOME-CONTINUING> (9,501)
(3,847)
<DISCONTINUED> 0
0
<EXTRAORDINARY> 0
0
<CHANGES> 0
0
<NET-INCOME> (9,501)
(3,847)
<EPS-PRIMARY> (1.31)
(0.53)
<EPS-DILUTED> 0
0
</TABLE>
