<ARTICLE> 5
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          FEB-28-1997
<PERIOD-END>                               MAY-31-1997
<CASH>                                             701
<SECURITIES>                                         0
<RECEIVABLES>                                    6,708
<ALLOWANCES>                                       646
<INVENTORY>                                     50,431
<CURRENT-ASSETS>                                     0
<PP&E>                                          10,884
<DEPRECIATION>                                   4,383
<TOTAL-ASSETS>                                  78,562
<CURRENT-LIABILITIES>                                0
<BONDS>                                              0
<PREFERRED-MANDATORY>                           19,883
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                           0
<TOTAL-LIABILITY-AND-EQUITY>                    78,562
<SALES>                                          3,800
<TOTAL-REVENUES>                                22,192
<CGS>                                            2,415
<TOTAL-COSTS>                                   19,639
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                 601
<INCOME-PRETAX>                                  1,906
<INCOME-TAX>                                       744
<INCOME-CONTINUING>                              1,162
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     1,162
<EPS-PRIMARY>                                      .26
<EPS-DILUTED>                                      .26