<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> JUL-31-1996 <PERIOD-END> OCT-31-1995 <CASH> 107,406 <SECURITIES> 0 <RECEIVABLES> 461,032 <ALLOWANCES> 0 <INVENTORY> 27,726,221 <CURRENT-ASSETS> 30,638,509 <PP&E> 26,709,335 <DEPRECIATION> (8,377,355) <TOTAL-ASSETS> 50,474,340 <CURRENT-LIABILITIES> 28,231,176 <BONDS> 11,826,272 <COMMON> 53,410 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 22,097,482 <TOTAL-LIABILITY-AND-EQUITY> 50,474,340 <SALES> 17,525,096 <TOTAL-REVENUES> 17,972,729 <CGS> 11,780,598 <TOTAL-COSTS> 11,971,326 <OTHER-EXPENSES> 7,416,071 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 204,940 <INCOME-PRETAX> (1,619,608) <INCOME-TAX> (615,000) <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,004,608) <EPS-PRIMARY> (0.19) <EPS-DILUTED> (0.19)