Amendment No. 7
Rex Stores Corporation
Common Stock, $.01 par value
CUSIP Number  761624105


CUSIP NO. 761624105
Item 1:   Reporting Person -  Stuart A. Rose  
Item 4:   United States of America
Item 5:   2,341,772
Item 6:   None
Item 7:   2,341,722
Item 8:   None
Item 9:   2,341,772
Item 11:  28.9%
Item 12:  IN

Item 4.  Ownership

          The following information concerning ownership of Common
          Stock is given as of December 31, 1998:

     (a)  Amount Beneficially Owned

          2,341,772 Shares of Common Stock, 914,531 of which
          represents the right to acquire stock within 60 days.

     (b)  Percent of Class
          
          28.9%
     
     (c)  Number of Shares as to which the Person has:

          (i)   Sole power to vote or to direct the vote

                2,341,772 Shares of Common Stock
               
          (ii)  Shared power to vote or to direct the vote

                None   

          (iii) Sole power to dispose or to direct the disposition 
                of 
               
                2,341,772 Shares of Common Stock

          (iv)  Shared power to dispose or to direct the
                disposition of

                None


          
                           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.


                              
                              STUART A. ROSE
                              Stuart A. Rose

Date: February 11, 1999