<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> JUL-31-1996 <PERIOD-END> APR-30-1996 <CASH> 894<F1> <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 31,963 <CURRENT-ASSETS> 0 <PP&E> 24,554 <DEPRECIATION> 5,259 <TOTAL-ASSETS> 55,144 <CURRENT-LIABILITIES> 0 <BONDS> 47,126 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 24 <OTHER-SE> 1,636 <TOTAL-LIABILITY-AND-EQUITY> 55,144 <SALES> 22,547 <TOTAL-REVENUES> 31,384 <CGS> 19,765 <TOTAL-COSTS> 19,765 <OTHER-EXPENSES> 9,892 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,751 <INCOME-PRETAX> (979) <INCOME-TAX> (366) <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (613) <EPS-PRIMARY> (.26) <EPS-DILUTED> (.26) <FN> <F1>Includes $875 of restricted cash. </FN>