<ARTICLE> 5 <MULTIPLIER> 1000 <PERIOD-TYPE> 3-MOS <PERIOD-START> JAN-01-1995 <PERIOD-END> MAR-31-1995 <FISCAL-YEAR-END> DEC-31-1995 <CASH> 34,161 <SECURITIES> 0 <RECEIVABLES> 10,469 <ALLOWANCES> (1,390) <INVENTORY> 117,268 <CURRENT-ASSETS> 0 <PP&E> 14,824 <DEPRECIATION> (9,293) <TOTAL-ASSETS> 172,991 <CURRENT-LIABILITIES> 0 <BONDS> 119,776 <COMMON> 1,400 <PREFERRED-MANDATORY> 0 <PREFERRED> 89 <OTHER-SE> (71,580) <TOTAL-LIABILITY-AND-EQUITY> 172,991 <SALES> 5,778 <TOTAL-REVENUES> 6,522 <CGS> 5,442 <TOTAL-COSTS> 5,442 <OTHER-EXPENSES> 5,254 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 3,206 <INCOME-PRETAX> (7,380) <INCOME-TAX> 326 <INCOME-CONTINUING> (7,706) <DISCONTINUED> 0 <EXTRAORDINARY> 2,137 <CHANGES> 0 <NET-INCOME> (5,569) <EPS-PRIMARY> (.04) <EPS-DILUTED> (.04)