EXHIBIT 11.1
                             BROADWAY STORES, INC.
 
                       COMPUTATION OF EARNINGS PER SHARE
                     (In thousands, except per share data)







                                                THIRTEEN WEEKS ENDED
                                                ---------------------
                                                April 29,    April 30,
                                                  1995         1994
                                                --------     --------
                                                       
Net loss used to compute earnings
  per common share.........................     $(43,298)    $(17,960)
                                                ========     ========

Weighted average number of common shares
  outstanding during this period /(1)/.....       46,941       46,826
                                                ========     ========

Loss per common share......................     $   (.92)    $   (.38)
                                                ========     ========


(1) The weighted average number of shares outstanding reflects all shares of
    Common Stock expected to be issued in accordance with the POR as if they had
    been issued on the Emergence Date.