<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> JUN-30-1998 <PERIOD-START> JUL-01-1997 <PERIOD-END> SEP-30-1997 <CASH> 19,272 <SECURITIES> 0 <RECEIVABLES> 13,727 <ALLOWANCES> 0 <INVENTORY> 180,401 <CURRENT-ASSETS> 221,637 <PP&E> 27,850 <DEPRECIATION> 0 <TOTAL-ASSETS> 250,563 <CURRENT-LIABILITIES> 88,531 <BONDS> 54,156 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 12,009 <OTHER-SE> 89,647 <TOTAL-LIABILITY-AND-EQUITY> 250,563 <SALES> 121,709 <TOTAL-REVENUES> 121,801 <CGS> 67,819 <TOTAL-COSTS> 67,819 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,643 <INCOME-PRETAX> (860) <INCOME-TAX> 2,049 <INCOME-CONTINUING> (2,909) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (2,909) <EPS-PRIMARY> (0.24) <EPS-DILUTED> (0.24)