ex99.htm

EXHIBIT 99.1

		Monthly Operating Report

CASE NAME: The Bombay Company, Inc. (1)		ACCRUAL BASIS

CASE NUMBER: 07-44084-dml-11

JUDGE: D. Michael Lynn

UNITED STATES BANKRUPTCY COURT

NORTHERN DISTRICT OF TEXAS

DIVISION 6

MONTHLY OPERATING REPORT

MONTH ENDING: JANUARY 2008 (2)

IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE, I DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING REPORT (ACCRUAL BASIS-1 THROUGH ACCRUAL BASIS-7) AND THE ACCOMPANYING ATTACHMENTS AND, TO THE BEST OF MY KNOWLEDGE, THESE DOCUMENTS ARE TRUE, CORRECT AND COMPLETE. DECLARATION OF THE PREPARER (OTHER THAN RESPONSIBLE PARTY): IS BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE.

RESPONSIBLE PARTY:

/s/ Elaine D. Crowley		Senior Vice President, Chief Financial Officer and Treasurer
ORIGINAL SIGNATURE OF RESPONSIBLE PARTY		TITLE

Elaine D. Crowley		April 2, 2008
PRINTED NAME OF RESPONSIBLE PARTY		DATE

PREPARER:
/s/ Charlotte B. Stadler		Assistant Controller
ORIGINAL SIGNATURE OF PREPARER		TITLE

Charlotte B. Stadler		April 2, 2008
PRINTED NAME OF PREPARER		DATE

Notes:

[1]

A consolidated monthly operating report has been submitted for the following debtor entities: The Bombay Company, Inc. (Case No. 07-44084-dml-11), The Bombay Furniture Company, Inc. (Case No. 07-44085-dml-11), BBA Holdings, LLC (Case No.07-44086-dml-11), Bombay International, Inc. Case No. (07-44087-dml-11), Bailey Street Trading Company (Case No. 07-44088-dml-11), and BMAJ, Inc. (Case No. 07-44061-dml-11). Jointly Administered Under The Bombay Company, Inc. (Case No. 07-44084-dml-11), (collectively, the "Debtors").

[2]

The Debtors operate under a retail (52-53 week) fiscal year, which ends on the Saturday nearest January 31. For the purposes of the monthly operating reports, the following month-end dates have been reported: i) September 2007 ended on October 6, 2007; ii) October 2007 ended on November 3, 2007; iii) November 2007 ended on December 1, 2007; iv) December 2007 ended on January 5, 2008; and v) January 2008 ended on February 2, 2008.

		Monthly Operating Report

CASE NAME: The Bombay Company, Inc. (1)		ACCRUAL BASIS-1

CASE NUMBER: 07-44084-dml-11

COMPARATIVE BALANCE SHEET
		Petition Date			October 2007			November 2007			December 2007			January 2008
ASSETS		9/20/07
1.	CASH & CASH EQUIVALENTS (1)	$	3,145,672		$	23,792,779		$	34,674,271		$	29,646,525		$	13,881,119
2.	ACCOUNTS RECEIVABLE (NET)	$	220,767		$	218,889		$	218,889		$	270,903		$	30,000
3.	INVENTORY	$	104,233,126		$	90,873,577		$	65,838,471		$	15,142,324		$	0
4.	NOTES RECEIVABLE	$	573,167		$	582,539		$	586,953		$	586,953		$	0
5.	PREPAID EXPENSES	$	8,411,346		$	12,563,942		$	12,233,793		$	9,769,006		$	1,688,246
6.	OTHER CURRENT ASSETS	$	1,514,755		$	3,621,230		$	4,258,435		$	4,058,941		$	20,869,290
7.	TOTAL CURRENT ASSETS	$	114,953,161		$	107,860,177		$	83,136,541		$	29,828,127		$	22,587,536
8.	PROPERTY, PLANT & EQUIPMENT	$	157,137,582		$	156,962,933		$	150,580,070		$	145,303,849		$	2,667,296
9.	LESS: ACCUMULATED DEPRECIATION / DEPLETION	$	(102,575,667	)	$	(103,878,344	)	$	(101,978,290	)	$	(97,766,051	)	$	(2,328,239	)
10.	NET PROPERTY, PLANT & EQUIPMENT	$	54,561,915		$	53,084,589		$	48,601,780		$	47,537,798		$	339,057
11.	DUE FROM INSIDERS	$	(854,896	)	$	481,472		$	2,272,359		$	2,767,061		$	2,915,652
12.	OTHER ASSETS - NET OF AMORTIZATION (2)	$	2,024,046		$	1,970,145		$	1,711,275		$	1,632,093		$	216,163
13.	OTHER (ATTACH LIST)
14.	TOTAL ASSETS	$	173,829,898		$	187,189,162		$	170,396,226		$	111,411,604		$	39,939,527
POSTPETITION LIABILITIES
15.	ACCOUNTS PAYABLE				$	3,856,282		$	1,307,569		$	3,248,359		$	4,309,572
16.	TAXES PAYABLE				$	4,030,196		$	4,568,529		$	4,471,126		$	836,764
17.	PROFESSIONAL FEES				$	4,376,054		$	5,262,669		$	2,393,833		$	4,130,481
18.	DEFERRED REVENUE				$	85,513,615		$	61,734,178		$	18,041,877		$	0
19.	OTHER POST PETITION LIABILITIES				$	10,616,805		$	12,772,231		$	6,270,802		$	1,300,066
20.	TOTAL POSTPETITION LIABILITIES				$	108,392,952		$	85,645,176		$	34,425,997		$	10,576,883
PREPETITION LIABILITIES
21.	SECURED DEBT	$	71,824,592		$	0		$	0		$	0		$	0
22.	LIABILITIES SUBJECT TO COMPROMISE (4)	$	81,136,347		$	69,522,623		$	67,367,346		$	67,325,321		$	28,350,674
23.	TOTAL PREPETITION LIABILITIES	$	152,960,939		$	69,522,623		$	67,367,346		$	67,325,321		$	28,350,674
24.	TOTAL LIABILITIES	$	152,960,939		$	177,915,575		$	153,012,522		$	101,751,318		$	38,927,557
EQUITY
25.	PREPETITION OWNERS' EQUITY	$	20,868,959		$	20,868,959		$	20,868,959		$	20,868,959		$	20,868,959
26.	POSTPETITION CUMULATIVE PROFIT OR (LOSS)				$	(11,598,491	)	$	(3,492,625	)	$	(11,208,673	)	$	(19,856,989	)
27.	DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) (3)				$	3,119		$	7,370
28.	TOTAL EQUITY	$	20,868,959		$	9,273,587		$	17,383,704		$	9,660,286		$	1,011,970
29.	TOTAL LIABILITIES &OWNERS' EQUITY	$	173,829,898		$	187,189,162		$	170,396,226		$	111,411,604		$	39,939,527

Notes:

[1]

As historically reported on the Debtors' SEC filings, cash and cash equivalents includes cash in the operating accounts, credit card receivables, store depository accounts, and foreign office accounts. In addition, cash and cash equivalents for the months ended after September 2007 include cash collateralized letters of credit.

[2]	Balance includes capitalized software and other intangibles.

Item 6: Other Current Assets	Petition Date			October 2007			November 2007			December 2007			January 2008
Employee Receivables	$	(3,176	)	$	(3,630	)	$	114,192		$	9,150		$	5,994
Miscellaneous Receivables		1,188,193			1,572,576			1,562,710			1,303,630			1,309,976
DOM In transit - Non Merchandise		3,666			108			0			0			0
Deposits		311,825			2,037,929			2,567,286			2,731,914			2,237,963
Treasury Bond		37,922			37,922			37,922			37,922			37,922
Due from JV		0			0			0			0			17,277,435
Intl Claim Receivable		(23,675	)		(23,675	)		(23,675	)		(23,675	)		0
	$	1,514,755		$	3,621,230		$	4,258,435		$	4,058,941		$	20,869,290

Item 19: Other Post Petition Liabilities
Accrued Expenses/Inventory				$	5,249,931		$	7,348,201		$	4,116,402		$	769,029
Customer Prepayments					2,972,676			2,630,428			(16,724	)		0
Accrued Salaries					2,394,198			2,793,602			2,171,124			531,037
				$	10,616,805		$	12,772,231		$	6,270,802		$	1,300,066

[3]	Represents FAS 123R stock compensation expense adjustment.

[4]	During January 2008, the Debtors eliminated certain reserves and accruals as part of the Debtors' efforts to wind down the operations and financial records. The decrease of liabilities subject to compromise, at the end of January 2008, does not signify payments being made on such liabilities.

2 of 11

		Monthly Operating Report

CASE NAME: The Bombay Company, Inc. (1)		ACCRUAL BASIS-2

CASE NUMBER: 07-44084-dml-11

INCOME STATEMENT
		9/20/07 to 12/31/07			January 2008			February 2008		March 2008		QUARTER
REVENUES		TOTAL										TOTAL
1.	GROSS REVENUES	$	201,870,774		$	14,363,269						$	14,363,269
2.	LESS: RETURNS & DISCOUNTS	$	(3,318,383	)	$	(239,828	)					$	(239,828	)
3.	NET SALES	$	198,552,391		$	14,123,441						$	14,123,441
4.	DELIVERY INCOME	$	318,482		$	4,569						$	4,569
5.	NET REVENUE	$	198,870,873		$	14,128,010		$	0	$	0	$	14,128,010
COST OF GOODS SOLD
6.	STORE COGS	$	94,281,406		$	13,906,150						$	13,906,150
7.	SHRINK	$	1,783,774		$	1,297,376						$	1,297,376
8.	DC EXPENSE	$	5,604,388		$	1,060,770						$	1,060,770
9.	DC FRIEGHT TO STORES	$	5,304,558		$	43,165						$	43,165
10.	HOME OFFICE ADJUSTMENTS	$	4,743,215		$	(114,160	)					$	(114,160	)
11.	TOTAL COST OF GOODS SOLD	$	111,717,341		$	16,193,301		$	0	$	0	$	16,193,301
12.	GROSS PROFIT	$	87,153,532		$	(2,065,291	)	$	0	$	0	$	(2,065,291	)
OPERATING EXPENSES
13.	BUYING AND OCCUPANCY COSTS	$	6,764,276		$	(31,727,473	)					$	(31,727,473	)
14.	PAYROLL	$	5,433,907		$	(986,386	)					$	(986,386	)
15.	HOME OFFICE OCCUPANCY	$	1,257,963		$	148,103						$	148,103
16.	CREDIT AND COLLECTIONS	$	335,680		$	759,729						$	759,729
17.	GENERAL	$	(4,289,795	)	$	41,255,424						$	41,255,424
18.	INSURANCE AND TAXES	$	2,971,891		$	(1,250,135	)					$	(1,250,135	)
19.	PROFESSIONAL SERVICES	$	168,457		$	(35,565	)					$	(35,565	)
20.	JV EXPENSE, NET	$	86,257,567		$	(1,928,374	)					$	(1,928,374	)
21.	OTHER (Training, travel, public company exp.)	$	222,067		$	31,792						$	31,792
22.	TOTAL OPERATING EXPENSES	$	99,122,014		$	6,267,115		$	0	$	0	$	6,267,115
23.	INCOME BEFORE NON-OPERATING
24.	INCOME & EXPENSE	$	(11,968,482	)	$	(8,332,406	)	$	0	$	0	$	(8,332,406	)
OTHER INCOME & EXPENSES
25.	NON-OPERATING INCOME (ATT. LIST)	$	12,996,875		$	18,408						$	18,408
26.	NON-OPERATING EXPENSE (ATT. LIST)	$	4,270									$	0
27.	INTEREST EXPENSE	$	543,587									$	0
28.	DEPRECIATION / DEPLETION	$	0									$	0
29.	AMORTIZATION	$	0									$	0
30.	ROYALTY FEE	$	910,617									$	0
31.	NET OTHER INCOME & EXPENSES	$	(11,538,401	)	$	(18,408	)	$	0	$	0	$	(18,408	)
REORGANIZATION EXPENSES
32.	PROFESSIONAL FEES	$	7,044,676		$	24,779						$	24,779
33.	U.S. TRUSTEE FEES	$	1,500									$	0
34.	OTHER	$	3,732,844									$	0
35.	TOTAL REORGANIZATION EXPENSES	$	10,779,020		$	24,779		$	0	$	0	$	24,779
36.	INCOME TAX	$	(428	)	$	39,539						$	39,539
37.	NET PROFIT (LOSS)	$	(11,208,673	)	$	(8,378,316	)	$	0	$	0	$	(8,378,316	)

3 of 11

		Monthly Operating Report

CASE NAME: The Bombay Company, Inc. (1)		ACCRUAL BASIS-3

CASE NUMBER: 07-44084-dml-11

CASH RECEIPTS AND		9/20 to 12/31/07			January 2008			February 2008		March 2008		QUARTER
DISBURSEMENTS		TOTAL										TOTAL
1.	CASH - BEGINNING OF MONTH	$	881,175		$	10,543,219		$	0	$	0	$	10,543,219
RECEIPTS FROM OPERATIONS
2	TOTAL OPERATING RECEIPTS	$	189,541,305		$	21,752,078		$	0	$	0	$	21,752,078
	NON - OPERATING RECEIPTS
3	LOANS & ADVANCES (REPAYMENT)	$	5,998,804									$	0
4	SALE OF ASSETS	$	37,122,607		$	1,074,026		$	0	$	0	$	1,074,026
5	REIMBURSEMENT (TO)/FROM LIQUIDATORS	$	(130,545,563	)	$	(13,340,195	)	$	0	$	0	$	(13,340,195	)
6	OTHER (ATTACH LIST)	$	0		$	285,554		$	0	$	0	$	285,554
7	TOTAL NON-OPERATING RECEIPTS	$	(87,424,152	)	$	(11,980,615	)	$	0	$	0	$	(11,980,615	)
8	TOTAL RECEIPTS	$	102,117,153		$	9,771,463		$	0	$	0	$	9,771,463
9	TOTAL CASH AVAILABLE	$	102,998,328		$	20,314,681		$	0	$	0	$	20,314,681
OPERATING DISBURSEMENTS
10	PAYROLL, PAYROLL TAXES, BENEFITS	$	23,395,881		$	8,229,902		$	0	$	0	$	8,229,902
11	SALES, USE & OTHER TAXES PAID	$	10,365,311		$	5,698,707		$	0	$	0	$	5,698,707
12	MERCHANDISE	$	11,828,206		$	63,986		$	0	$	0	$	63,986
13	GENERAL AP	$	3,471,309		$	93,074		$	0	$	0	$	93,074
14	RENT & OCCUPANCY	$	26,016,571		$	920,263		$	0	$	0	$	920,263
15	FREIGHT	$	5,714,718		$	216,980		$	0	$	0	$	216,980
16	CRITICAL VENDOR PAYMENTS	$	2,838,397		$	0		$	0	$	0	$	0
17	OTHER (ATTACH LIST)	$	4,030,155		$	730,129		$	0	$	0	$	730,129
18	TOTAL OPERATING DISBURSEMENTS	$	87,660,548		$	15,953,041		$	0	$	0	$	15,953,041
REORGANIZATION EXPENSES
19	PROFESSIONAL FEES	$	3,194,296		$	8,785		$	0	$	0	$	8,785
20	U.S. TRUSTEE FEES	$	1,500									$	0
21	OTHER (ATTACH LIST)	$	1,598,766		$	157,365		$	0	$	0	$	157,365
22	TOTAL REORGANIZATION EXPENSES	$	4,794,562		$	166,150		$	0	$	0	$	166,150
23	TOTAL DISBURSEMENTS (1)	$	92,455,110		$	16,119,191		$	0	$	0	$	16,119,191
24	NET CASH FLOW	$	9,662,044		$	(6,347,728	)	$	0	$	0	$	(6,347,728	)
25	CASH - END OF MONTH (2)	$	10,543,219		$	4,195,490		$	0	$	0	$	4,195,490

Note:

[1]	All of the Debtors' disbursements are made from The Bombay Company, Inc. (Case No. 07-44084-dml-11) and The Bombay Furniture Company, Inc. (Case No. 07-44085-dml-11). Disbursements by Debtor have been are as follows:

Total Disbursements	January 2008		February 2008		March 2008		Total Disbursements
The Bombay Company, Inc. (07-44084-dml-11)	$	16,115,091	$	-	$	-	$	16,115,091
The Bombay Furniture Company, Inc. (07-44085-dml-11)	$	4,100	$	-	$	-	$	4,100
	$	16,119,191	$	-	$	-	$	16,119,191

	January 2008		February 2008		March 2008		Total
Item 17: Other Operating Disbursements
Insurance	$	-	$	-	$	-	$	-
Leasehold Improvements		-		-		-		0
Interest and Bank Fees		-		-		-		0
Transfers to/(from) Bombay Canada		-		-		-		0
International Offices		4,100		-		-		4,100
Other Corporate Expense		726,029		-		-		726,029
Inventory Taking								-
Total	$	730,129	$	-	$	-	$	730,129

Item 21: Other Reorganization Expenses
GB Legal Fees		-		-		-		-
Tiger Break Up Fee		-		-		-		-
Foreign Office Severance		-		-		-		-
Completion Bonus		157,365						157,365
Total	$	157,365	$	-	$	-	$	157,365

4 of 11

		Monthly Operating Report

CASE NAME: The Bombay Company, Inc. (1)		ACCRUAL BASIS-4

CASE NUMBER: 07-44084-dml-11

		SCHEDULE		MONTH			MONTH			MONTH			MONTH
ACCOUNTS RECEIVABLE AGING		AMOUNT		Oct-07			Nov-07			Dec-07			Jan-08
1.	0-30
2.	31-60
3.	61-90
4.	91+			$	987,208		$	987,208		$	987,208		$	74,509
5.	TOTAL ACCOUNTS RECEIVABLE	$	0	$	987,208		$	987,208		$	987,208		$	74,509
6.	AMOUNT CONSIDERED UNCOLLECTIBLE			$	(768,319	)	$	(768,319	)	$	(768,319	)	$	(22,509	)
7.	ACCOUNTS RECEIVABLE (NET)	$	0	$	218,889		$	218,889		$	218,889		$	52,000

AGING OF POSTPETITION TAXES AND PAYABLES						MONTH:		January 2008

		0-30		31-60		61-90		91+
TAXES PAYABLE		DAYS		DAYS		DAYS		DAYS		TOTAL
1.	FEDERAL	$	0
2.	STATE	$	0
3.	LOCAL	$	0
4.	SALES TAX	$	614,706							$	614,706
5.	TOTAL TAXES PAYABLE	$	614,706	$	0	$	0	$	0	$	614,706

STATUS OF POSTPETITION TAXES				MONTH:		January 2008

FEDERAL		BEGINNING TAX LIABILITY*		AMOUNT WITHHELD AND/ OR ACCRUED		AMOUNT PAID		ENDING TAX LIABILITY
1.	WITHHOLDING	$	0	$	1,196,079	$	1,196,079	$	0
2.	FICA-EMPLOYEE	$	0	$	447,104	$	447,104	$	0
3.	FICA-EMPLOYER	$	136,126	$	324,933	$	447,104	$	13,955
4.	UNEMPLOYMENT	$	16,461	$	24,222	$	40,322	$	362
5.	INCOME	$	0	$	0	$	0	$	0
6.	OTHER PAYROLL TAXES	$	31,836	$	180,339	$	208,912	$	3,264
7.	TOTAL FEDERAL TAXES	$	184,424	$	2,172,678	$	2,339,522	$	17,580
STATE AND LOCAL
8.	WITHHOLDING	$	0	$	220,412	$	220,412	$	0
9.	SALES	$	3,610,497	$	1,082,295	$	4,078,086	$	614,706
10.	EXCISE	$	0	$	0	$	0	$	0
11.	UNEMPLOYMENT	$	52,216	$	110,504	$	160,642	$	2,078
12.	OTHER PAYROLL TAXES	$	474	$	30,903	$	31,349	$	27
13.	REAL PROPERTY	$	59,846	$	17,776	$	0	$	77,622
14	PERSONAL PROPERTY	$	361,239	$	115,826	$	0	$	477,065
15	FRANCHISE	$	110,000	$	27,500	$	0	$	137,500
16	BUSINESS LICENSE TAX	$	60,120	$	22,000	$	9,491	$	72,629
17	TOTAL STATE & LOCAL	$	4,254,392	$	1,627,217	$	4,499,981	$	1,381,628
18	TOTAL TAXES	$	4,438,816	$	3,799,895	$	6,839,502	$	1,399,209

*	The beginning tax liability should represent the liability from the prior month or, if this is the first operating report, the amount should be zero.

5 of 11

		Monthly Operating Report

CASE NAME: The Bombay Company, Inc. (1)		ACCRUAL BASIS-5

CASE NUMBER: 07-44084-dml-11

The debtor in possession must complete the reconciliation below for each bank account, including all general, payroll and tax accounts, as well as all savings and investment accounts, money market accounts, certificates of deposit, government obligations, etc. Accounts with restricted funds should be identified by placing an asterisk next to the account number. Attach additional sheets if necessary.

		MONTH:				January 2008
BANK RECONCILIATIONS
		Account #1		Account #2		Account #3
A.	BANK:
B.	ACCOUNT NUMBER:							TOTAL
C.	PURPOSE (TYPE):
1.	BALANCE PER BANK STATEMENT	SEE MOR 5 ATTACHMENT (1)
2.	ADD: TOTAL DEPOSITS NOT CREDITED
3.	SUBTRACT: OUTSTANDING CHECKS
4.	OTHER RECONCILING ITEMS
5.	MONTH END BALANCE PER BOOKS	$	0	$	0	$	0	$	0
6.	NUMBER OF LAST CHECK WRITTEN


INVESTMENT ACCOUNTS

		DATE OF		TYPE OF		PURCHASE		CURRENT
BANK, ACCOUNT NAME & NUMBER		PURCHASE		INSTRUMENT		PRICE		VALUE
7.	NONE
8.
9.
10.
11.	TOTAL INVESTMENTS					$	0	$	0

CASH

12.	CURRENCY ON HAND							$	0

13.	TOTAL CASH - END OF MONTH							$	0

	Note:
[1]	Due to the large number of bank accounts held by the Debtors, bank account reconciliations have not been completed through the end of December2007. The Debtors will report December bank reconciliation data in the following monthly operating reporting period.

6 of 11

The Bombay Company, Inc.

MOR 5 Attachment - Bank Reconciliations

MONTH: January 2008 (February 2, 2008)

Operating Accounts
BANK RECONCILIATIONS	ACCOUNT # 1			ACCOUNT # 2		ACCOUNT # 3			ACCOUNT # 4			STORES			CONSOLIDATED
A. BANK:	Wells Fargo			Wells Fargo		Wells Fargo			Wells Fargo			Various			Various
B. ACCOUNT NUMBER:		412-1166318			412-1166300		960-0058583			960-0058598		various			Various
C. PURPOSE (TYPE):	Concentrator			Blocked		Accounts Payable			Payroll			Store Deposits			Store deposits
1. Balance per bank statement	$	-		$	18,431.00	$	-		$	-		$	97,086.30		$	26,687.73
2. Add: Total deposits not credited	$	(191,956.26	)	$	860,155.28	$	94,452.86		$	(126,352.07	)	$	(3,857.02	)	$	-
3. Subtract: Outstanding checks						$	(896,112.82	)	$	(537,360.59	)	$	-		$	2,471.56
4. Other reconciling items	$	5,112,937.77				$	708,505.03		$	2,548.76		$	56,279.52		$	31,183.52
5. Month end balance per books	$	4,920,981.51		$	878,586.28	$	(93,154.93	)	$	(661,163.90	)	$	149,508.80		$	60,342.81
6. Number of last check written							1177704			510056

Store Accounts	STORES
BANK RECONCILIATIONS	Store 161		Store 162		Store 164		Store 166		Store 167		Store 168			Store 175		Store 188
A. BANK:	FROST		UNITED CO.		NAT. CITY		FIDELITY		CITIZENS		WRENTHAM			SECURITY		JOHNSON
B. ACCOUNT NUMBER:		420000221		2036105957		389048570		168400657		6100151980		16004061			906336		1000431649
C. PURPOSE (TYPE):
1. Balance per bank statement	$	3,943.56	$	3,442.52	$	8,641.04	$	4,257.51	$	-	$	3,775.66		$	-	$	4,059.82
2. Add: Total deposits not credited	$	-	$	-					$	-	$	-		$	-	$	-
3. Subtract: Outstanding checks
4. Other reconciling items	$	182.53	$	13.37					$	2,357.71	$	(146.66	)	$	3,684.39	$	160.49
5. Month end balance per books	$	4,126.09	$	3,455.89	$	8,641.04	$	4,257.51	$	2,357.71	$	3,629.00		$	3,684.39	$	4,220.31
6. Number of last check written

Store Accounts
BANK RECONCILIATIONS	Store 189		Store 195		Store 198			Store 223		Store 224		Store 265		Store 286		Store 289
A. BANK:	REGIONS		REGIONS		NORTHWAY			CHASE		IBC		Amsouth Bank		Chase		Fifth Third Bank
B. ACCOUNT NUMBER:		6454025679		6454025679		49505			576500454165		5558337101		18570909	Cons.			7690895029
C. PURPOSE (TYPE):
1. Balance per bank statement	$	4,025.32	$	3,625.55	$	2,256.88		$	9,023.81	$	4,721.37	$	3,924.02	$	-	$	865.93
2. Add: Total deposits not credited	$	-	$	-	$	-		$	-			$	-	$	-	$	-
3. Subtract: Outstanding checks
4. Other reconciling items	$	71.29	$	-	$	(194.16	)	$	382.86			$	116.45	$	-	$	107.24
5. Month end balance per books	$	4,096.61	$	3,625.55	$	2,062.72		$	9,406.67	$	4,721.37	$	4,040.47	$	-	$	973.17
6. Number of last check written

Store Accounts
BANK RECONCILIATIONS	Store 298		Store 441		Store 457		Store 488		Store 513		Store 519		Store 520		Store 525
A. BANK:	Chase		Chase		West Suburban Bank		National City		US Bank		Security Service Fedeal		Bridgehampton National		National City
B. ACCOUNT NUMBER:		780501387565		6106305992		2100037129		585187138		152302951180		4317030071		100193291		705800110
C. PURPOSE (TYPE):													CLOSED 9/4/07
1. Balance per bank statement	$	-	$	2,238.73	$	3,792.77	$	-	$	4,157.23	$	-	$	4,555.84	$	2,340.22
2. Add: Total deposits not credited	$	-	$	198.79	$	-	$	-	$	-	$	-			$	-
3. Subtract: Outstanding checks
4. Other reconciling items	$	2,094.06	$	4,054.62	$	145.09	$	3,045.06	$	114.03	$	4,623.93			$	10.25
5. Month end balance per books	$	2,094.06	$	6,492.14	$	3,937.86	$	3,045.06	$	4,271.26	$	4,623.93	$	4,555.84	$	2,350.47
6. Number of last check written

Store Accounts
BANK RECONCILIATIONS	Store 528		Store 696		Store 701		Store 704		Store 825		Store 861		Store 893		Store 896
A. BANK:	Canadaigua National		CHASE		FIFTH THIRD		FIFTH THIRD		FIFTH THIRD		CITIZENS		CITIZENS		CITIZENS
B. ACCOUNT NUMBER:		950000601		995010543265		83567335		7340323653		7020840364		6101383222		3308589437		6101636988
C. PURPOSE (TYPE):
1. Balance per bank statement	$	9,630.87	$	5,133.70	$	-	$	-	$	-	$	1,513.16	$	3,494.18	$	3,666.61
2. Add: Total deposits not credited	$	-			$	-	$	-	$	-	$	-	$	-	$	-
3. Subtract: Outstanding checks
4. Other reconciling items	$	33.66			$	2,028.82	$	3,660.08	$	3,613.14	$	623.61	$	30.37	$	398.38
5. Month end balance per books	$	9,664.53	$	5,133.70	$	2,028.82	$	3,660.08	$	3,613.14	$	2,136.77	$	3,524.55	$	4,064.99
6. Number of last check written

Store Accounts
BANK RECONCILIATIONS	DC 901			DC 903		DC 905		DC 907			DC 909
A. BANK:	STATE NATIONAL			MANUFACTURER'S TRUST		BOA		CITIZEN'S NATIONAL			FIFTH THIRD BANK
B. ACCOUNT NUMBER:		101932200			78070511		3256672959		243133165			7651702099
C. PURPOSE (TYPE):
1. Balance per bank statement	$	-		$	-	$	-	$	-		$	-
2. Add: Total deposits not credited	$	(533.01	)	$	-	$	-	$	(1,930.80	)	$	(1,592.00	)
3. Subtract: Outstanding checks
4. Other reconciling items	$	5,747.10		$	1,308.06	$	1,937.16	$	13,340.52		$	2,736.07
5. Month end balance per books	$	5,214.09		$	1,308.06	$	1,937.16	$	11,409.72		$	1,144.07
6. Number of last check written

7 of 11

The Bombay Company, Inc.

MOR 5 Attachment - Bank Reconciliations

MONTH: January 2008 (February 2, 2008)

	Consolidated Stores
BANK RECONCILIATIONS	ACCOUNT # 1			ACCOUNT # 2		ACCOUNT # 3			ACCOUNT # 4		ACCOUNT # 5		ACCOUNT #6
A. BANK:	Wells Fargo			PNC		Wachovia			Chase		Suntrust		Bank of America
B. ACCOUNT NUMBER:		4944050095			3095429814		2000013850397			1596058972		7020723321
C. PURPOSE (TYPE):	store deposits			store deposits		store deposits			Store deposits		Store deposts		Store Deposits
1. Balance per bank statement	$	-		$	-	$	(7,742.56	)	$	28,715.32	$	5,714.97
2. Add: Total deposits not credited	$	-		$	-	$	-		$	-
3. Subtract: Outstanding checks	$	-		$	2,471.56	$	-		$	-
4. Other reconciling items	$	(4,987.25	)	$	412.81	$	13,954.79		$	19,153.59	$	2,649.58
5. Month end balance per books	$	(4,987.25	)	$	2,884.37	$	6,212.23		$	47,868.91	$	8,364.55
6. Number of last check written

8 of 11

		Monthly Operating Report

CASE NAME: The Bombay Company, Inc. (1)		ACCRUAL BASIS-6

CASE NUMBER: 07-44084-dml-11

	MONTH:		January 2008
PAYMENTS TO INSIDERS AND PROFESSIONALS

OF THE TOTAL DISBURSEMENTS SHOWN FOR THE MONTH, LIST THE AMOUNT PAID TO INSIDERS (AS DEFINED IN SECTION 101 (31) (A)-(F) OF THE U.S. BANKRUPTCY CODE) AND TO PROFESSIONALS. ALSO, FOR PAYMENTS TO INSIDERS, IDENTIFY THE TYPE OF COMPENSATION PAID (e.g. SALARY, BONUS, COMMISSIONS, INSURANCE, HOUSING ALLOWANCE,TRAVEL, CAR ALLOWANCE, ETC.). ATTACH ADDITIONAL SHEETS IF NECESSARY.

INSIDER
NAME		TYPE OF PAYMENT	AMOUNT PAID (1)		TOTAL PAID TO DATE
1.	Elaine D. Crowley	Salary	$	23,345	$	116,599
2.	Don Roach	Salary	$	20,637	$	103,185
3.	Dave Stewart	Salary	$	0	$	88,758
4.	Steve Woodward	Salary	$	0	$	18,339
5.	Mike Veitenheimer	Salary	$	5,100	$	87,710
6	Linda Stephenson	Salary	$	0	$	85,596
7	Elaine D. Crowley	Expense Reimbursement	$	1,080

9.	TOTAL PAYMENTS
	TO INSIDERS		$	50,162	$	500,187

PROFESSIONALS
NAME		DATE OF COURT ORDER AUTHORIZING PAYMENT (2)		AMOUNT APPROVED (2)		AMOUNT PAID		TOTAL PAID TO DATE		TOTAL INCURRED & UNPAID *
1.	Asset Disposition Advisors (1)		N/A		-		-		544,008		1,303,901
2.	Baker McKenzie		N/A		-		-		66,808		153,100
3.	Haynes and Boone		N/A		115,279		115,279		762,606		1,113,616
4.	FTI Consulting, Inc. (1)		N/A		-		-		142,985		2,396,022
5.	Mesirow Financial		N/A		10,666		10,666		133,759		174,181
6	Cooley Godward Kronish		N/A		124,334		124,334		647,429		915,403
7	Forshey and Prostok		N/A		7,228		7,228		111,227		151,722
8	Financial Dynamics		N/A		-		-		936		59,761
9	Lang Mitchner		N/A		280		280		52,990		63,800
10	Alix Partners				0		0	$	662,210		1,169,000
11	TOTAL PAYMENTS
	TO PROFESSIONALS			$	257,787	$	257,787	$	3,124,957	$	7,500,506

* INCLUDE ALL FEES INCURRED, BOTH APPROVED AND UNAPPROVED

POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE PROTECTION PAYMENTS

		SCHEDULED		AMOUNTS
		MONTHLY		PAID		TOTAL
		PAYMENTS		DURING		UNPAID
NAME OF CREDITOR		DUE		MONTH		POSTPETITION
1.	Service Deposits		-		40,210		-
2	TOTAL	$	-	$	40,210		-

Note:

[1]	Professional fees include accrued and unpaid success fees for FTI Consulting, Inc. and Asset Disposition Advisors of $1 million and $500,000, respectively.

[2]

Per the administrative Order Establishing Procedures for Interim Compensation and Reimbursement of Expenses of Professionals and Committee Members (the “Administrative Order”), entered October 17, 2007, professionals may be paid eighty percent (80%) of the fees and one hundred percent (100%) of the out-of-pocket expenses as set forth in the applicable monthly fee statement if no objections are made within ten (10) days after submission. On March 6 , 2008, an order was entered to approve interim professional fees for the period of September 20, 2008 through December 31, 2008.

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		Monthly Operating Report

CASE NAME: The Bombay Company, Inc. (1)		ACCRUAL BASIS-7

CASE NUMBER: 07-44084-dml-11

MONTH:

January 2008

QUESTIONNAIRE
		YES	NO
1.	HAVE ANY ASSETS BEEN SOLD OR TRANSFERRED OUTSIDE THE NORMAL COURSE OF BUSINESS THIS REPORTING PERIOD?	X [1]
2.	HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT OTHER THAN A DEBTOR IN POSSESSION ACCOUNT?		X
3.	ARE ANY POSTPETITION RECEIVABLES (ACCOUNTS, NOTES, OR LOANS) DUE FROM RELATED PARTIES?	X [2]
4.	HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIABILITIES THIS REPORTING PERIOD?	X [3]
5.	HAVE ANY POSTPETITION LOANS BEEN RECEIVED BY THE DEBTOR FROM ANY PARTY?		X
6.	ARE ANY POSTPETITION PAYROLL TAXES PAST DUE?		X
7.	ARE ANY POSTPETITION STATE OR FEDERAL INCOME TAXES PAST DUE?		X
8.	ARE ANY POSTPETITION REAL ESTATE TAXES PAST DUE?		X
9.	ARE ANY OTHER POSTPETITION TAXES PAST DUE?		X
10.	ARE ANY AMOUNTS OWED TO POSTPETITION CREDITORS DELINQUENT?		X
11.	HAVE ANY PREPETITION TAXES BEEN PAID DURING THE REPORTING PERIOD?		X
12.	ARE ANY WAGE PAYMENTS PAST DUE?		X

IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "YES," PROVIDE A DETAILED EXPLANATION OF EACH ITEM. ATTACH ADDITIONAL SHEETS IF NECESSARY.

[1]	During the reporting period, the Debtors have continued to sell the furniture, fixtures, machinery and equipment as part of the Debtors' liquidation process approved by the Bankruptcy Court.

[2]	As of the end of the reporting period, intercompany receivables exist with The Bombay Furniture Company of Canada, Inc.

[3]	As authorized by certain first day orders entered by the Bankruptcy Court, the Debtors have made certain permitted payments on pre-petition claims.

10 of 11

		Monthly Operating Report

CASE NAME: The Bombay Company, Inc. (1)		ACCRUAL BASIS-7

CASE NUMBER: 07-44084-dml-11

MONTH:

January 2008

QUESTIONNAIRE
INSURANCE
		YES	NO
1.	ARE WORKER'S COMPENSATION, GENERAL LIABILITY AND OTHER NECESSARY INSURANCE COVERAGES IN EFFECT?	X
2.	ARE ALL PREMIUM PAYMENTS PAID CURRENT?	X
3.	PLEASE ITEMIZE POLICIES BELOW.

IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "NO," OR IF ANY POLICIES HAVE BEEN CANCELLED OR NOT RENEWED DURING THIS REPORTING PERIOD, PROVIDE AN EXPLANATION BELOW. ATTACH ADDITIONAL SHEETS IF NECESSARY.

INSTALLMENT PAYMENTS
TYPE OF			PAYMENT AMOUNT
POLICY	CARRIER	PERIOD COVERED	& FREQUENCY
General Liability	Federal (Chubb)/ Liberty Mutual	Feb 1,2007 through January 31, 2008	Annual premium paid to date
Auto Liability & Physical Damage	Federal (Chubb)/ Liberty Mutual	Feb 1,2007 through January 31, 2008	Annual premium paid to date
Workers Compensation	Federal (Chubb)/ Liberty Mutual	Feb 1,2007 through January 31, 2008	Annual premium paid to date
Liability Umbrella	Firemen's Fund	Feb 1,2007 through January 31, 2008	Annual premium paid to date
Foreign Liability	Great Northern (Chubb)	Feb 1,2007 through January 31, 2008	Annual premium paid to date
Property, Boiler & Machinery	Lexington	Feb 1,2007 through January 31, 2008	Annual premium paid to date
XS Earthquake	Essex/ACE	Feb 1,2007 through January 31, 2008	Annual premium paid to date
Directors & Officers Liability	National Union (AIG)	July 1,2007 through June 30, 2008	Annual premium paid to date
Fiduciary Liability	National Union (AIG)	July 1,2007 through June 30, 2008	Annual premium paid to date
Employee Dishonesty	National Union (AIG)	July 1,2007 through June 30, 2008	Annual premium paid to date
Travel & Accident	Federal (Chubb)	July 1,2007 through June 30, 2008	Annual premium paid to date
Other Crime (K&R)	National Union (AIG)	July 1,2007 through June 30, 2008	Annual premium paid to date
Internet Liability	Axis Specialty Insurance Company	June 1,2007 through May 31, 2008	Annual premium paid to date
Ocean Marine	Indem Ins Co of N.A.	Feb 1,2007 through January 31, 2008	Annual premium paid to date

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