<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE SERVICE
MERCHANDISE COMPANY, INC. FORM 10-Q FOR QUARTERLY PERIOD ENDED OCTOBER 3, 1999
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS
DETAILED IN PART I OF THE FORM 10-Q.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> JAN-02-2000
<PERIOD-START> JAN-04-1999
<PERIOD-END> OCT-03-1999
<CASH> 36,923
<SECURITIES> 0
<RECEIVABLES> 24,363
<ALLOWANCES> 17,752
<INVENTORY> 780,203
<CURRENT-ASSETS> 902,403
<PP&E> 833,470
<DEPRECIATION> 460,401
<TOTAL-ASSETS> 1,337,753
<CURRENT-LIABILITIES> 502,398
<BONDS> 538,058
0
0
<COMMON> 100,022<F1>
<OTHER-SE> (97,527)
<TOTAL-LIABILITY-AND-EQUITY> 1,337,753
<SALES> 1,394,837
<TOTAL-REVENUES> 1,394,837
<CGS> 1,130,599
<TOTAL-COSTS> 1,130,599
<OTHER-EXPENSES> 471,114<F2>
<LOSS-PROVISION> 16,901
<INTEREST-EXPENSE> 50,419
<INCOME-PRETAX> (257,295)
<INCOME-TAX> 0
<INCOME-CONTINUING> (257,295)
<DISCONTINUED> 0
<EXTRAORDINARY> (7,851)
<CHANGES> (6,566)
<NET-INCOME> (271,712)
<EPS-BASIC> (2.73)
<EPS-DILUTED> (2.73)
<FN>
<F1>AMOUNT REPRESENTS THE NUMBER OF SHARES OF $0.50 PAR VALUE COMMON STOCK AND
OUTSTANDING.
<F2>AMOUNT INCLUDES (I) DEPRECIATION AND AMORTIZATION (II) SELLING, GENERAL AND
ADMINISTRATIVE EXPENSES (III) OTHER INCOME, NET (IV) RESTRUCTURING CHARGE AND
(V) REORGANIZATION ITEMS.
</FN>
</TABLE>
