UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

       Date of Report (Date of earliest event reported): April 8, 2005

                             REX STORES CORPORATION
             (Exact name of registrant as specified in its charter)

                                                      
          Delaware                    001-09097                        31-1095548
(State or other jurisdiction     (Commission File No.)      (IRS Employer Identification No.)
     of incorporation)




         2875 Needmore Road, Dayton, Ohio                        45414
     (Address of principal executive offices)                  (Zip Code)

      Registrant's telephone number, including area code: (937) 276-3931


Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
    230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
    240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
    Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
    Act (17 CFR 240.13e-4(c))








Item 1.01.  Entry into a Material Definitive Agreement.

         On April 8, 2005, the Compensation Committee of the Board of Directors
of REX Stores Corporation (the "Company") awarded cash bonuses to the Company's
senior executives for the fiscal year ended January 31, 2005 (fiscal 2004). The
Committee established the amount of the Company's after-tax earnings as a
percentage of sales as the performance measure for determining senior
executives' bonuses.

         Cash bonuses awarded to the Company's senior executives for fiscal 2004
were as follows: Stuart A. Rose, Chairman and Chief Executive Officer $821,689,
Lawrence Tomchin, Director, $192,070 and Douglas L. Bruggeman, Vice
President-Finance and Chief Financial Officer $42,917.









                                   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 hereunto duly authorized.

                                          REX STORES CORPORATION


Date: April 13, 2005                      By: /s/ DOUGLAS L. BRUGGEMAN
                                              --------------------------------
                                              Name:  Douglas L. Bruggeman
                                              Title: Vice President - Finance,
                                                     Chief Financial Officer
                                                     and Treasurer