10-Q/A

                                    FORM 10-Q/A

                        SECURITIES AND EXCHANGE COMMISSION

                             Washington, D. C.  20549
 
  (Mark One)

    (X)          QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
                      OF THE SECURITIES EXCHANGE ACT OF 1934


                   For the Quarterly Period Ended July 30, 1994

                                        OR

    ( )          TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
                      OF THE SECURITIES EXCHANGE ACT OF 1934 

                           Commission File Number 0-631


                                ROSE'S STORES, INC.


                      Incorporated Under the Laws of Delaware


                   I.R.S. Employer Identification No. 56-0382475

                                P. H. Rose Building
                             218 South Garnett Street
                         Henderson, North Carolina  27536
                            Telephone No. 919/430-2600

   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.   Yes  X   No    
   Indicate the number of shares outstanding of each of the issuer's classes
of common stock, as of the close of the period covered by this report.
                  Class                                Shares Outstanding
Voting common stock, no par value                           8,262,420   
Non-voting Class B stock, no par value                     10,495,586



ITEM 6:  Exhibits and Reports on Form 10-Q/A

         Exhibit 27 - FDS for 2nd Quarter Ended July 30, 1994   

 

   
                                    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.


                                                                            
ROSE'S STORES, INC.


Date                                By   /s/                              

                                                R. Edward Anderson 
                                                  President,
                                                  Chief Executive Officer





Date                                By      /s/                              

                                                  Jeanette R. Peters 
                                                  Vice President and Controller 
                                                  (Chief Accounting Officer)

EX-27

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

 

<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from Rose's
Stores, Inc. Form 10Q for the quarter ended July 30, 1994 and is qualified in
its entirety by reference to such financial statements.

<CIK> 0000085149
<NAME> ROSES STORES, INC
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   QTR-2
<FISCAL-YEAR-END>                          JAN-28-1995
<PERIOD-END>                               JUL-30-1994
<CASH>                                          11,009
<SECURITIES>                                         0
<RECEIVABLES>                                   14,895
<ALLOWANCES>                                         0
<INVENTORY>                                    144,302
<CURRENT-ASSETS>                               185,339
<PP&E>                                         126,760
<DEPRECIATION>                                (88,349)
<TOTAL-ASSETS>                                 230,794
<CURRENT-LIABILITIES>                           70,239
<BONDS>                                              0
<COMMON>                                        21,045
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                    (57,462)
<TOTAL-LIABILITY-AND-EQUITY>                   230,794
<SALES>                                        337,932
<TOTAL-REVENUES>                               340,382
<CGS>                                          254,231
<TOTAL-COSTS>                                  254,231
<OTHER-EXPENSES>                                84,449
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               3,405
<INCOME-PRETAX>                               (52,513)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                           (52,513)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                  (52,513)
<EPS-PRIMARY>                                   (2.80)
<EPS-DILUTED>                                   (2.80)

<F1>Includes reorganization expense of $50,810.