<ARTICLE> 5
   
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM LOT$OFF
CORPORATION F/K/A 50-OFF STORES, INC.'S FINANCIAL STATEMENTS AS OF AND FOR THE 
THIRTEEN WEEKS ENDED MAY 2, 1997, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
    
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          MAY-02-1997
<PERIOD-END>                               MAY-02-1997
<CASH>                                             591
<SECURITIES>                                         0
<RECEIVABLES>                                      207
<ALLOWANCES>                                         0
<INVENTORY>                                     14,050
<CURRENT-ASSETS>                                15,249
<PP&E>                                           7,405
<DEPRECIATION>                                   3,465
<TOTAL-ASSETS>                                  19,647
<CURRENT-LIABILITIES>                           13,511
<BONDS>                                         16,756
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                           122
<OTHER-SE>                                    (24,179)
<TOTAL-LIABILITY-AND-EQUITY>                    19,647
<SALES>                                         11,919
<TOTAL-REVENUES>                                11,919
<CGS>                                            7,721
<TOTAL-COSTS>                                    7,721
<OTHER-EXPENSES>                                 6,283
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                 142
<INCOME-PRETAX>                                (2,226)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                            (2,226)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   (2,226)
<EPS-PRIMARY>                                    (.18)
<EPS-DILUTED>                                    (.18)