WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE. <ARTICLE>5 <LEGEND> THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMAITON EXTRACTED FROM WILLCOX & GIBBS, INC. FORM 10-K FOR THE PERIOD ENDED DECEMBER 31, 1997 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> DEC-31-1997 <CASH> 1,325 <SECURITIES> 0 <RECEIVABLES> 38,466 <ALLOWANCES> 4,315 <INVENTORY> 48,735 <CURRENT-ASSETS> 93,424 <PP&E> 5,595 <DEPRECIATION> 2,670 <TOTAL-ASSETS> 140,501 <CURRENT-LIABILITIES> 45,083 <BONDS> 84,742 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 9,013 <OTHER-SE> (3,926) <TOTAL-LIABILITY-AND-EQUITY> 140,501 <SALES> 180,332 <TOTAL-REVENUES> 180,332 <CGS> 125,573 <TOTAL-COSTS> 125,573 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 1,120 <INTEREST-EXPENSE> 12,142 <INCOME-PRETAX> (4,705) <INCOME-TAX> (1,434) <INCOME-CONTINUING> (3,271) <DISCONTINUED> 0 <EXTRAORDINARY> (1,557) <CHANGES> 0 <NET-INCOME> (4,827) <EPS-BASIC> (4.98) <EPS-DILUTED> (4.98)