<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFOMRATION EXTRACTED FROM THE YEAR ENDED AUGUST 30, 1998 FORM 10-K AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO IT </LEGEND> <CIK> 0000023249 <NAME> Concord Fabrics Inc. <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> AUG-30-1998 <PERIOD-START> SEP-01-1997 <PERIOD-END> AUG-30-1998 <CASH> 8,678,053 <SECURITIES> 0 <RECEIVABLES> 18,003,495 <ALLOWANCES> 0 <INVENTORY> 16,015,819 <CURRENT-ASSETS> 60,515,431 <PP&E> 9,159,596 <DEPRECIATION> 0 <TOTAL-ASSETS> 75,884,130 <CURRENT-LIABILITIES> 10,816,390 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 1,842,554 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 75,884,130 <SALES> 101,296,721 <TOTAL-REVENUES> 101,296,721 <CGS> 70,644,721 <TOTAL-COSTS> 96,513,893 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 777,133 <INCOME-PRETAX> 4,782,828 <INCOME-TAX> 2,030,000 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,752,828 <EPS-PRIMARY> 0.75 <EPS-DILUTED> 0.72