<PAGE>   1
                                    FORM 10-K

                UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
(Mark One)

[ X ]    ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
         EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED JANUARY 2, 1999

                                       OR

[   ]    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES 
         EXCHANGE ACT OF 1934
         FOR THE TRANSITION PERIOD FROM ________ TO

                           Commission File No. 0-21768

                           D.I.Y. HOME WAREHOUSE, INC.
             (Exact name of registrant as specified in its charter)

          STATE OF OHIO                          38-2560752
          (State of Incorporation)               (I.R.S. Employer I.D. No.)

                                 5811 CANAL ROAD
                             VALLEY VIEW, OHIO 44125
                                 (216) 328-5100
          (Address of principal executive offices and telephone number)

           Securities Registered Pursuant to Section 12(b) of the Act:
                                      NONE

           Securities Registered Pursuant to Section 12(g) of the Act:
                           COMMON STOCK, NO PAR VALUE

         Indicate by check mark if disclosure of delinquent filers pursuant to
Item 405 of Regulation S-K is not contained herein, and will not be contained,
to the best of Registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-K or any
amendment to this Form 10-K. Yes X  No
                                ---    ---

         Indicate by check mark whether the Registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities and Exchange Act
of 1934 during the preceding 12 months (or for such shorter period that the
Registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.

                            Yes  X  No
                                ---    ---

         As of February 26, 1999, the aggregate market value of the Registrant's
voting stock held by non-affiliates of the Registrant was $1,613,205 determined
in accordance with the highest price at which the stock was sold on such date as
reported by the OTC Bulletin Board.

         As of February 26, 1999, there were 7,276,059 shares of the
Registrant's common stock issued and outstanding.




                                       1
<PAGE>   2

DOCUMENTS INCORPORATED BY REFERENCE

         The registrant's Proxy Statement for its Annual Meeting of Shareholders
to be held on Wednesday, April 28, 1999, which will be filed with the Securities
and Exchange Commission pursuant to Regulation 14A within 120 days of the close
of the registrant's fiscal year, is incorporated by reference in answer to Part
III of this Annual Report on Form 10-K to the extent noted herein. In addition,
pages 2 through 12 of DIY Home Warehouse, Inc.'s 1998 Annual Report to
Shareholders is incorporated by reference in answer to Items 6, 7 and 8 of Part
II and Item 14(a)(1) of Part IV of this report.


                                     PART I

ITEM 1.  BUSINESS

GENERAL

         D.I.Y. Home Warehouse, Inc. ("DIY" or the "Company") operates fourteen
retail warehouse-format home improvement centers that sell products primarily to
do-it-yourself home repair and remodeling customers. The Company's "DIY Home
Warehouse" stores are located in Northeast Ohio and range in size from 66,000 to
109,000 square feet of enclosed selling space with an additional 12,000 to
20,000 square feet of outside selling space. Six of these retail centers are
located in the Cleveland metropolitan area, two are in the Youngstown
metropolitan area, four stores are in the Akron area, and one store each is
located in Mansfield and Ashtabula. DIY also offers a high level of customer
service, making shopping at its stores easy and convenient and, through its
displays and trained staff, enabling do-it-yourself shoppers to conceptualize,
design and complete their own home repair, maintenance and improvement projects.
The Company also offers kitchen, bath and other product installation for its
customers.

MERCHANDISING

         DIY offers a wide selection of home improvement products at everyday
low prices. Each store carries approximately 32,000 SKUs, including variations
in color and size. Brand name products are carried throughout each store. In
addition, the Company carries several private label products, including paints
and doors.

         The Company seeks to carry a broad and deep product selection in its
core product areas. Core product areas are characterized by a high need for
specialized customer service. The Company's four core product areas consist of
(a) Kitchen, Plumbing and Bath, (b) Paint, Home Decorating and Floorcoverings,
(c) Lawn and Garden, and (d) Lumber, Building Materials and Doors and Windows.
In its non-core product areas, DIY seeks to carry as deep a selection as its
competitors, but does not seek to carry a broad selection of products within the
same category. Non-core product areas are characterized by products which do not
require a high level of specialized service, but which are better stocked and
sold in traditional warehouse-format for customer convenience. The Company's
non-core product areas are Electrical, Lighting and Fans, and Hardware and
Tools.

         The following table depicts the percentage of total net sales data for
the periods indicated, by product area.



                                       2
<PAGE>   3

<TABLE>
<CAPTION>
                                                                   FISCAL YEAR ENDED
                                    --------------------------------------------------------------------------------
PRODUCT AREA                            JANUARY 2, 1999            JANUARY 3, 1998           DECEMBER 28, 1996
------------                            ---------------            ---------------           -----------------
<S>                                           <C>                       <C>                        <C>   
A.  Kitchen, Plumbing and Bath                 20.2%                     21.2%                      21.5%
B.  Paint, Home Decorating and
     Floorcoverings                            17.0                      17.0                       16.3
C.  Lawn and Garden                            18.0                      15.0                       14.6
D.  Lumber, Building Materials and
     Doors and Windows                         28.0                      29.2                       29.6
E.  Electrical, Lighting and Fans               9.0                       9.6                       10.3
F.  Hardware and Tools                          7.8                       8.0                        7.7
                                              -----                     -----                      -----
                                              100.0%                    100.0%                     100.0%
                                              =====                     =====                      =====
</TABLE>

         Kitchen, Plumbing and Bath. The Company carries a wide selection of
kitchen cabinets, sinks, toilets, bathtubs, faucets, showerheads, bathroom
vanities and cabinets, tub and shower surrounds and enclosures, and other items
used for kitchen and bathroom remodeling projects. DIY offers four complete
lines of kitchen cabinets for custom order and two lines which are stocked for
customer carryout. All products are offered over a broad range of price and
quality levels. Each store has vignette displays, showing depictions of
completed projects. Salespeople are available to assist customers in planning
and designing remodeling projects as well as assisting in product selection.
Salespeople use computers in planning projects, which provide a three
dimensional graphic depiction of the finished project, and generate a materials
list and cost estimate.

         Paint, Home Decorating and Floorcoverings. The Company offers a wide
assortment of interior and exterior paints, stains, varnishes and other surface
applications, as well as sundry related supplies such as paint brushes, sand
paper, paint thinner, glues and other similar items. Blinds and window
treatments, closet and storage materials, wall coverings, floorcoverings (rugs,
tiles and similar items), and other home decorating items are also featured in
this product area. In addition to budget priced DIY "house label" products, DIY
offers products from manufacturers such as Dutch Boy, Enterprise, Behr, Levolor
and Cuprinol. Salespeople are available to computer custom match and mix paint
colors, and otherwise assist customers in planning and selecting products for
their home decorating projects.

         Lawn and Garden. The Company carries a wide selection of seasonal items
relating to landscaping and yard beautification and maintenance, such as annual
flowers and other nursery stock, fertilizers, lawn mowers and garden tractors,
barbecues and grills, soils and mulches, lawn and garden maintenance tools, and
similar items. DIY seeks to provide a large selection of lawn and garden goods,
at high quality and low prices. This department provides both significant sales
primarily in the second and third quarters of the year and substantial traffic
of potential customers for other departments.

         Lumber, Building Materials and Doors and Windows. The Company carries a
broad selection of exterior and interior doors, storm windows and doors, steel
entry doors, pre-hung doors, window units, skylights, security doors and bars,
moldings, glass blocks and similar items. These items are displayed "as
installed". Such "as installed" presentations offer the customer the opportunity
to physically operate the door or window and to explore its features and
benefits. The Company's stores feature, on average, approximately 160 "as
installed" presentations. This product area also offers treated and dimensional
lumber, plywood, pine boards, particle board and other wood product items.
Salespeople will also custom cut most stock pieces.

         Electrical, Lighting and Fans and Hardware and Tools. The Company
offers a selection of heaters and fans, lights, lighting fixtures, switch
plates, light bulbs, outlets, switches, electrical wire and conduit, fuses and
circuit breakers, related electrical products, hand and power tools and
accessories, fasteners, chains, and other related tools and items. The Company
features a large attractive lighting display area with working samples. The
Company's Hardware and Tools product area provides all necessary equipment to
complete a do-it-yourself customer project.



                                       3
<PAGE>   4


CUSTOMER SERVICE

         DIY seeks to provide superior service for every customer by hiring
experienced personnel, including people with experience in the building trades
such as plumbers and electricians, and by providing these employees with
in-store and vendor-supported product training. Specially trained personnel are
available in every product area (or "department"), particularly in the core
departments, to help customers conceptualize and plan virtually any home
improvement project.

         Customer questions, problems, returns and exchanges are handled at a
convenient service desk near the main entrance to the store. Virtually all items
offered by the Company carry the manufacturers' full product warranties. The
Company has a "no-hassle" return policy for all of its products. If the customer
is not satisfied, the Company will have the product repaired, exchange the
product or refund the product purchase price.
The Company does not operate a repair department.

         The Company offers kitchen, bath and other product installation,
catering to customers who do not have the time or skills for home repair,
maintenance, or improvement projects.

         The Company offers DIY credit card programs to three purchaser classes:
consumer, professional and non-profit institutional, with modified terms and
benefits for each card and class. These programs are all owned and operated by a
third party. Customers can also pay by cash, check, Visa, MasterCard and
Discover. DIY home centers are open seven days a week, from 7:30 a.m. to 9:00
p.m. on weekdays and Saturdays and from 9:00 a.m. to 6:00 p.m. on Sundays.

PURCHASING AND DISTRIBUTION

         The Company purchases over 85% of its merchandise directly from
manufacturers. The balance, which are generally high turnover but long lead time
items, are purchased through and stocked by distributors. Product re-orders are
initiated at the store department level, after review of available stock and
applying local knowledge as to sales patterns for particular items. Merchandise
selection is centrally handled by buyers at the headquarters level to attain the
most attractive volume discounts and programs available. DIY has a staff of four
merchandisers, one of whom serves as the Company's Vice President-General
Merchandising Manager. Each merchandiser has responsibility for specified
product categories.

         During fiscal 1998, the Company's top 10 vendors accounted for
approximately 25% of its purchases, with no single supplier accounting for more
than 7% of Company purchases. The number of active vendors is approximately 600.
The Company is not dependent on any one vendor for any significant product. The
Company does not license or contract the operating of departments within its
stores to outside providers.

         The majority of the merchandise purchased by the Company is shipped by
the vendors directly to its stores. The Company thereby largely avoids the costs
associated with maintaining a distribution center or warehouse, and does not
incur costs of moving inventory from storage sites to the stores. However, a
warehouse is used for situations involving import and/or seasonal product
categories, for cross docking and/or temporary storage where a cost-benefit
advantage exists. All merchandise is displayed on the sales floor in the lower
levels of warehouse type racks, with stock stored in the upper racks. In this
way, on-site storeroom space requirements are minimized, and utilization of
available store space for sales is maximized.



                                       4
<PAGE>   5


         The Company stocks inventory at levels appropriate to support its
warehouse home center format and its wide product selection consisting of
approximately 32,000 SKUs. The Company generally experiences its highest working
capital requirements with respect to inventory during March and April when
inventory quantities are increased in anticipation of higher spring and summer
sales.

MANAGEMENT INFORMATION SYSTEMS

         The Company's information system strategy is to provide excellent
customer service and reliable, timely information to manage DIY. The
infrastructure for the Company's Local Area Network (LAN) and Wide Area Networks
(WAN) consists of the IBM AS/400 processor for its mission critical
applications, Microsoft NT and Novell for its networked servers and personal
computers. Margin, sales and inventory information is delivered through the DIY
Network and processed at headquarters daily. The Company's strategic IT
architecture is flexible enough to accommodate a mix of systems while retaining
the ability to centralize or delegate management and control of these systems.

MARKETING

         The Company's marketing program is designed to create an awareness of
DIY's comprehensive selection of brand name merchandise, superior customer
service and everyday low prices. The Company's primary advertising vehicle is
local newspaper advertising, which currently consists of circulars, tablets or
flyers included with the Sunday newspaper in its markets. In addition, the
circulars are supported by limited full or partial page advertisements in the
newspapers and local newspaper advertising. The Company also engages in
electronic advertising--both television and radio--in order to enhance consumer
recognition of the DIY Home Warehouse name and product assortment or to promote
a sense of urgency regarding the purchase of a particular product or group of
products.

COMPETITION

         The home improvement, hardware and garden businesses are all highly
competitive. The Company competes against traditional hardware, plumbing,
electrical and home supply retailers, as well as warehouse-format and discount
retail stores and many of the Company's competitors have substantially greater
resources than the Company. Builders Square and Lowe's Company have had stores
in the Company's markets since 1985 and 1994, respectively. However, Builders
Square announced in the first quarter of 1999 that it will exit the marketplace
in Northeastern Ohio. Lowe's continued to expand with additional locations in
1996, 1997 and 1998. Beginning in the fourth quarter of 1997 and in 1998, Home
Depot began operations in several of the Company's markets. Home Depot and
Lowe's have announced further expansion plans in 1999. In addition, there has
been increasing consolidation within the home improvement industry, which may
provide certain entities increased competitive advantages. Specifically,
increased competition including, but not limited to, additional competitors'
store locations, price reductions, and advertising and marketing campaigns could
have a material adverse effect on the Company's business, recoverability of
asset values, financial condition and operating results.

EMPLOYEES

         Each DIY home center employs approximately 50 to 100 employees,
supervised by a store manager, three assistant managers and 8 to 10 department
heads. As of January 2, 1999, the Company employed approximately 1,009 persons,
approximately 723 of whom were full-time employees. DIY is not a party to any
collective bargaining agreements. The Company considers its relations with its
employees to be excellent.



                                       5
<PAGE>   6



ITEM 2.  PROPERTIES

         Each DIY home center is individually designed based on the particular
characteristics of the property, with the overall goal of achieving a relatively
uniform "look" among all the stores, including the same product areas. All
stores are conveniently located near major roads and each provides parking for
customers. The following table sets forth the location, opening date and
approximate size of each of the Company's home centers.

<TABLE>
<CAPTION>
                                                                  Leased                    Area in Square Feet
                                                                  ------                    -------------------
Store Location                      Opening Date                 or Owned               Interior Selling   Garden  Greenhouse
--------------                      ------------                 --------               ----------------   ------  ----------
<S>                                 <C>                          <C>                          <C>          <C>        <C>
Cleveland, Ohio..............       March 1985.............      Leased............           109,000      12,000      --
North Randall, Ohio..........       October 1985...........      Leased............            83,000      17,000      --
Eastlake, Ohio...............       August 1990............      Leased............            66,000      17,000      --
Elyria, Ohio.................       February 1992..........      Leased............            72,000      16,200      --
Brook Park, Ohio.............       March 1993.............      Leased............            93,000      18,000      --
Boardman, Ohio...............       September 1993.........      Leased............            81,900      18,000      --
Warren, Ohio.................       January 1994...........      Owned,Land Lease..            79,000      18,000      --
Mansfield, Ohio..............       March 1994.............      Owned.............            80,000      18,000      --
Akron, Ohio (Northeast)......       September 1994.........      Owned.............            89,800      18,000      --
Medina, Ohio.................       March 1995.............      Owned.............            83,200      20,000     3,200
Mentor, Ohio.................       April 1995.............      Leased............            86,100      15,000      --
Akron, Ohio (Northwest)......       May 1995...............      Leased............            96,800      16,500      --
Akron, Ohio (Southeast)......       June 1995..............      Owned.............            85,400      15,000     3,200
Ashtabula, Ohio..............       November 1995..........      Owned, Land Lease.            84,200      15,750     3,200

Held for Resale
---------------
North Canton, Ohio...........       May 1994...............      Owned.............            86,000      18,000      --
</TABLE>

         The Company's headquarters consist of approximately 12,100 square feet
of leased space in Valley View, Ohio, near Cleveland. The Company also leases
57,500 square feet of warehouse space near the Company's headquarters.

         The Company leases or subleases eight of its retail properties. In
addition, two of the Company's retail stores are subject to land leases. The
various lease terms expire between 1 and 10 years, and certain store leases have
renewal options ranging from 10 to 45 years. The leases generally provide for
additional rental payments based upon a percentage of gross or net store sales
above various levels. The Company subleases portions of premises not being used
by the Company to various third parties.

         The Company closed one of its owned stores in the fourth quarter of
1998. The Company is actively marketing this location and estimates the net
proceeds of the sale will approximate the property's net book value.

         The Company owns most of the equipment and trade fixtures throughout
its stores and headquarters and has made leasehold improvements at most
locations. Management believes all of the Company's facilities are in excellent
condition.


ITEM 3.  LEGAL PROCEEDINGS

         Not applicable.


ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

         No matters were submitted to a vote of the Company's security holders
during the fourth quarter of the fiscal year covered by this Annual Report on
Form 10-K.


                                       6
<PAGE>   7

                                     PART II

ITEM 5. MARKET FOR THE REGISTRANT'S COMMON STOCK AND RELATED SHAREHOLDER MATTERS

         From 1985 to May 18, 1993, the Company's stock was privately held. From
May 25, 1993, to December 2, 1998, the Company's Common Stock was traded on the
National Market of Nasdaq. From December 3, 1998 to present the Company Stock
has been traded on the OTC Bulletin Board under its symbol "DIYH."

         As of February 26, 1999, the closing price for the Company's Common
Stock on the OTC Bulletin Board was $0.69 and there were approximately 211
holders of record of Common Stock. Based on information provided to the Company
by certain holders of record, the Company estimates there are in excess of 1,500
beneficial shareholders. The Company has not paid any cash dividends on its
Common Stock in the past three fiscal years. Management intends to follow a
policy of retaining earnings in the foreseeable future in order to finance the
development and operations of its business. The declaration and payment of
dividends will be within the discretion of the Company's Board of Directors and
would depend, among other factors, on the Company's earnings, financial
condition, capital requirements, level of indebtedness and contractual
restrictions with respect to payment of dividends.

         The following table sets forth a quarterly summary, for the years ended
January 2, 1999, and December 28, 1996 of the high and low closing sales prices
as reported by Nasdaq NNM or, after December 2, 1998, the OTC Bulletin Board.

<TABLE>
<CAPTION>
                                 1998             1997            1996
                            -------------------------------------------------
FISCAL QUARTER                HIGH    LOW      HIGH    LOW     HIGH    LOW
--------------                ----    ---      ----    ---     ----    ---
<S>                          <C>     <C>      <C>     <C>     <C>     <C>  
      1st                    $3.25   $2.69    $4.63   $3.50   $5.00   $3.38
      2nd                     3.13    2.00     4.63    3.25    6.00    4.13
      3rd                     2.06    1.06     4.06    2.38    5.75    4.25
      4th                     1.25    0.25     4.56    2.50    5.63    4.00
</TABLE>

ITEM 6.  SELECTED FINANCIAL DATA

         The information for the fiscal years 1994-1998 under the heading
"Selected Financial Data and Operating Highlights" contained in the Company's
Annual Report to Shareholders for the fiscal year ended January 2, 1999, on page
12 of Exhibit 13.1 hereto, is incorporated herein by reference.

ITEM 7.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND
              FINANCIAL CONDITION

         The information under the heading "Management's Discussion and Analysis
of Financial Condition and Results of Operations" contained in the Company's
Annual Report to Shareholders for the fiscal year ended January 2, 1999, on
pages 2-4 of Exhibit 13.1 hereto, is incorporated herein by reference.

ITEM 8.  FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

         The information under the headings "Statement of Income, Statement of
Shareholders' Equity, Balance Sheet, Statement of Cash Flows, Notes to Financial
Statements and Report of Independent Accountants" contained in the Company's
Annual Report to Shareholders for the fiscal year ended January 2, 1999, on
pages 5-11 of Exhibit 13.1 hereto, is incorporated herein by reference.



                                       7
<PAGE>   8



ITEM 9.  CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
         FINANCIAL DISCLOSURE

         Not applicable.


                                    PART III

ITEMS 10, 11, 12, 13.

         The information required by ITEMS 10, 11, 12 AND 13 will be included in
the Company's Proxy Statement for its 1999 Annual Meeting of Shareholders to be
held on April 28, 1999, and is incorporated herein by reference.


                                     PART IV

ITEM 14.  EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON FORM 8-K

(a) The following documents are filed as part of this Annual Report on Form
10-K:

                  (1)      Financial Statements:

                           The following financial statements of D.I.Y. Home
                           Warehouse, Inc. are filed herewith by incorporation
                           by reference from pages 5 through 11 of the
                           Registrant's Annual Report to Shareholders for the
                           fiscal year ended January 2, 1999, as provided in
                           Item 8 hereof:

                           Statement of Income for the Years Ended January 2,
                           1999, January 3, 1998 and December 28, 1996;

                           Statement of Shareholders' Equity for the Years Ended
                           January 2, 1999, January 3, 1998 and December 28,
                           1996;

                           Balance Sheet as of January 2, 1999 and January 3, 
                           1998;

                           Statement of Cash Flows for the Years Ended January
                           2, 1999, January 3, 1998 and December 28, 1996.

                           Notes to Financial Statements;

                           Report of Independent Accountants.

                  (2)      Financial Statement Schedules:

                           Financial Statement Schedules have been omitted
                           because they are not required, are not applicable, or
                           the required information is included in the financial
                           statements or the notes thereto.

                  (3)      A list of the exhibits required by Item 601 of
                           Regulation S-K to be filed as a part of this Form
                           10-K is shown on the "Exhibit Index" filed herewith.

(b)      Reports on Form 8-K

         The Company filed one report on Form 8-K regarding events that occurred
         during the months included in the fourth quarter of the Company's 1998
         fiscal year.


                                       8
<PAGE>   9


                                   SIGNATURES
                                   ----------


         Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.


Date:  March 22, 1999                       D.I.Y. HOME WAREHOUSE, INC.

                                            By:  /s/ FRED A. ERB
                                                -------------------------------
                                            Fred A. Erb,
                                            Chairman of the Board of Directors


         Pursuant to the requirements of the Securities Exchange Act of 1934,
this Annual Report on Form 10-K has been signed by the following persons on
behalf of the registrant and in the capacities and on the dates indicated.


<TABLE>
<S>                                                  <C>
  /s/ FRED A. ERB                                     /s/ GREGORY K. JONES
--------------------------                           ---------------------------
Fred A. Erb                                          Gregory K. Jones
Chairman of the Board of Directors                   Director
Dated:  March 22, 1999                               Dated:  March 22, 1999


  /s/ CLIFFORD L. REYNOLDS                             /s/ JOHN A. SHIELDS
--------------------------                           ---------------------------
Clifford L. Reynolds                                 John A. Shields
Director and President                               Director
(principal executive officer)                        Dated:  March 22, 1999
Dated:  March 22, 1999


  /s/ R. SCOTT EYNON                                   /s/ MARK A. TIMMERMAN
--------------------------                           ---------------------------
R. Scott Eynon                                       Mark A. Timmerman
Vice President-Operations and Director               Director
Dated:  March 22, 1999                               Dated:  March 22, 1999


  /s/ JOHN M. ERB                                    /s/ ERIC I. GLASSMAN
--------------------------                           ---------------------------
John M. Erb                                          Eric I. Glassman
Secretary and Director                               Vice President-Chief Financial Officer
Dated:  March 22, 1999                               Dated:  March 22, 1999


                                                      /s/ DENNIS C. HOFF
                                                     ---------------------------
                                                     Dennis C. Hoff
                                                     Vice President-General Merchandising
                                                     Manager
                                                     Dated:  March 22, 1999
</TABLE>





                                       9
<PAGE>   10



                                  EXHIBIT INDEX


Exhibit
Number            Description of Exhibit
------            ----------------------


 3                Articles of Incorporation and By-Laws:
                  --------------------------------------

 3.1              Articles of Incorporation of D.I.Y. Home Warehouse, Inc. as
                  amended (A)

 3.2              Amended and Restated Code of Regulations of D.I.Y. Home
                  Warehouse, Inc. (A)


10                Material Contracts:
                  -------------------

10.1              Sublease between D.I.Y. Ohio Real Estate Associates Limited
                  Partnership and D.I.Y. Home Warehouse, Inc., dated August 1,
                  1992 (A)

10.2              Indenture of Lease between Smith - D.I.Y. Center Limited
                  Partnership and D.I.Y. Home Warehouse, Inc., dated December
                  27, 1985 (A)

10.3              Amendment to Lease between D.I.Y. Center Associates (successor
                  in interest to Smith - D.I.Y. Center Limited Partnership) and
                  D.I.Y. Home Warehouse, Inc., dated July 2, 1991 (A)

10.4              Amendment to Lease between D.I.Y. Center Associates, L.P. and
                  D.I.Y. Home Warehouse, Inc. dated March 21, 1995 (C)

10.5              Lease between Fred A. Erb and D.I.Y. Home Warehouse, Inc.,
                  dated March 1, 1993 (A)

10.6              Lease Agreement between West Park Limited, Inc. and D.I.Y.
                  Home Warehouse, Inc. dated August 2, 1991 (A)

10.7              Addendum #1 to Lease Agreement between West Park Limited, Inc.
                  and D.I.Y. Home Warehouse, Inc., dated September 2, 1991 (A)

10.8              Addendum #2 to Lease Agreement between West Park Limited, Inc.
                  and D.I.Y. Home Warehouse, Inc., dated September 16, 1991 (A)

10.9              Sublease between The Wholesale Club, Inc. and D.I.Y. Home
                  Warehouse, Inc., dated May 14, 1992 (A)

10.10             Sublease between The Wholesale Club, Inc. and D.I.Y. Home
                  Warehouse, Inc., dated November 25, 1992 (A)

10.11             Lease between Myron S. Viny, dba Central Valley Properties,
                  and D.I.Y. Home Warehouse, Inc., dated February 26, 1993, but
                  effective beginning May 1, 1993 (A)

10.12             Modification and Supplement to lease between the Estate of
                  Myron S. Viny (formerly DBA Central Valley Properties) and
                  D.I.Y. Home Warehouse, Inc. dated November 27, 1995 (G)



                                       10
<PAGE>   11


Exhibit
Number            Description of Exhibit
------            ----------------------


10.13             D.I.Y. Home Warehouse, Inc. 1993 Long Term Incentive Plan as
                  Amended February 23, 1994 and Approved by Stockholders May 25,
                  1994# (A)

10.14             Form of Non-Qualified Stock Option Agreement under the D.I.Y.
                  Home Warehouse, Inc. 1993 Long Term Incentive Plan as Amended#
                  (G)

10.15             Indemnification Agreement between D.I.Y. Home Warehouse, Inc.
                  and Clifford L. Reynolds (A)

10.16             Indemnification Agreement between D.I.Y. Home Warehouse, Inc.
                  and R. Scott Eynon (A)

10.17             Indemnification Agreement between D.I.Y. Home Warehouse, Inc.
                  and Dennis C. Hoff (A)

10.18             Indemnification Agreement between D.I.Y. Home Warehouse, Inc.
                  and John M. Erb (A)

10.19             Indemnification Agreement between D.I.Y. Home Warehouse, Inc.
                  and Fred A. Erb (A)

10.20             Tax Indemnification Agreement among D.I.Y. Home Warehouse,
                  Inc. and Fred A. Erb, Clifford L. Reynolds, R. Scott Eynon,
                  Dennis C. Hoff and John M. Erb (A)

10.21             D.I.Y. Home Warehouse, Inc.'s 401K Plan# (A)

10.22             $1,250,000 Promissory Note from D.I.Y. Home Warehouse, Inc. to
                  Edgemere, Inc. f/k/a Erb Lumber Co., dated July 1, 1991 (A)

10.23             Security Agreement between D.I.Y. Home Warehouse and Erb
                  Lumber Co., dated November 14, 1985 (A)

10.24             Agreement of Lease (Boardman Facility) between DIY Ohio Real
                  Estate Associates Limited Partnership and D.I.Y. Home
                  Warehouse, Inc. dated as of October 1, 1993 (B)

10.25             Second Amendment to Agreement Lease (Boardman facility)
                  between D.I.Y. Home Warehouse, Inc. and D.I.Y. Ohio Real
                  Estate Associated Limited Partnership (the Landlord) and
                  assignment of the lease to V&V 224, Limited by the Landlord
                  dated October 22, 1998 (L)

10.26             Lease between Elmhurst Properties, Inc. and D.I.Y. Home
                  Warehouse, Inc., dated May 26, 1993 (B)

10.27             Real Estate Purchase Agreement (Mansfield) between DIY Ohio
                  Real Estate Associates Limited Partnership and D.I.Y. Home
                  Warehouse, Inc. dated as of March 1, 1994 (B)

10.28             Assignment and Assumption of Lease and Sublease between Kmart
                  Corporation and D.I.Y. Home Warehouse, Inc. dated December 22,
                  1994 (C)

10.29             Shopping Center Lease between KCHGC, Inc. and D.I.Y. Home
                  Warehouse, Inc. dated January 12, 1995 (C)



                                       11
<PAGE>   12


Exhibit
Number            Description of Exhibit
------            ----------------------


10.30             Revolving Credit Agreement and Security Agreement dated
                  December 7, 1994 between D.I.Y. Home Warehouse, Inc. and
                  National City Bank, Columbus, and Old Kent Bank and Trust
                  Company (C)

10.31             Loan and Co-lender Agreement and Open-End Mortgage, Assignment
                  of Rents and Security Agreement dated December 23, 1994
                  between D.I.Y. Home Warehouse, Inc. and National City Bank,
                  Columbus, and Old Kent Bank and Trust Company (C)

10.32             First Amendment to Loan and Co-Lender Agreement dated December
                  22, 1995 between D.I.Y. Home Warehouse, National City Bank,
                  Columbus, and Old Kent Bank (G)

10.33             Second Amendment to Loan and Co-Lender Agreement dated
                  December 23, 1996 between D.I.Y. Home Warehouse, Inc.,
                  National City Bank of Columbus and Old Kent Bank (I)

10.34             Third Amendment to Loan and Co-Lender Agreement dated October
                  24, 1997 between D.I.Y. Home Warehouse, Inc., National City
                  Bank of Columbus and Old Kent Bank (J)

10.35             Fourth Amendment to Loan and Co-Lender Agreement dated April
                  4, 1998 between D.I.Y. Home Warehouse, Inc., National City
                  Bank of Columbus and Old Kent Bank (K)

10.36             Fifth Amendment to Loan and Co-Lender Agreement dated October
                  28, 1998 between D.I.Y. Home Warehouse, Inc., National City
                  Bank of Columbus and Old Kent Bank (L)

10.37             Line of Credit Agreement for Real Estate Loans, Open-end
                  Mortgage, Assignment of Rents and Security Agreement, and
                  Mortgage Notes between D.I.Y. Home Warehouse, Inc. and
                  National City Bank, Columbus and Old Kent Bank dated April 28,
                  1995 (D)

10.38             First Amendment to Line of Credit Agreement; Open-end
                  Mortgage, Assignment of Rents and Security Agreement
                  (Leasehold) for Trumbull County; Open-end Mortgage, Assignment
                  of Rents and Security Agreement for Summit County; Mortgage
                  Note to National City Bank, Columbus dated September 15, 1995;
                  Mortgage Note to Old Kent Bank dated September 15, 1995 (F)

10.39             Second Amendment to Line of Credit Agreement dated December
                  22, 1995 between D.I.Y. Home Warehouse, National City Bank,
                  Columbus, and Old Kent Bank (G)

10.40             Third Amendment to Line of Credit Agreement Dated December 23,
                  1996 between D.I.Y. Home Warehouse, Inc., National City Bank
                  of Columbus and Old Kent Bank (I)

10.41             Fourth Amendment to Line of Credit Agreement dated October 24,
                  1997 between D.I.Y. Home Warehouse, Inc., National City Bank
                  of Columbus and Old Kent Bank (J)

10.42             Fifth Amendment to Line of Credit Agreement dated April 4,
                  1998 between D.I.Y. Home Warehouse, Inc., National City Bank
                  of Columbus and Old Kent Bank (K)

10.43             Sixth Amendment to Line of Credit Agreement dated October 28,
                  1998 between D.I.Y. Home Warehouse, Inc., National City Bank
                  of Columbus and Old Kent Bank (L)

10.44             Partial Release of Mortgage to Open-End Mortgage Assignment of
                  Rents and Security Agreement for Richland County, Stark
                  County, Summit County, Trumball County and Medina County by
                  Old Kent Bank dated October 28, 1998 (L)


                                       12
<PAGE>   13


Exhibit
Number            Description of Exhibit
------            ----------------------


10.45             Amendment No. 1 to Open-End Mortgage, Assignment of Rents and
                  Security Agreement for Richland County, Stark County, Summit
                  County, Trumball County and Medina County between D.I.Y. Home
                  Warehouse, Inc., National City Bank and Old Kent Bank dated
                  October 28, 1998 (L)

10.46             First Amendment to Mortgage Note between D.I.Y. Home
                  Warehouse, Inc. and National City Bank dated October 28, 1998
                  (L)

10.47             First Amendment to Security Agreement dated December 22, 1995
                  between D.I.Y. Home Warehouse, National City Bank, Columbus,
                  and Old Kent Bank (G)

10.48             Second Amendment to Security Agreement dated October 28, 1998
                  between D.I.Y. Home Warehouse, Inc., National City Bank and
                  Old Kent Bank (L)

10.49             First Amendment to Subordination Agreement dated December 22,
                  1995 between D.I.Y. Home Warehouse, National City Bank,
                  Columbus, and Old Kent Bank, and Edgemere Enterprises, Inc.
                  (G)

10.50             Second Amendment to Subordination Agreement dated October 28,
                  1998 between D.I.Y. Home Warehouse, Inc., National City Bank
                  and Old Kent Bank (L)

10.51             Modification to Revolving Credit Agreement, Line of Credit
                  Agreement, and Loan and Co-lender Agreement between D.I.Y.
                  Home Warehouse, Inc., National City Bank, Columbus, and Old
                  Kent Bank dated February 20, 1996 (G)

10.52             1994 D.I.Y. Home Warehouse, Inc. Employee Bonus Plan dated May
                  25, 1994# (C)

10.53             1995 D.I.Y. Home Warehouse, Inc. Employee Bonus Plan dated May
                  24, 1995# (G)

10.54             D.I.Y. Home Warehouse, Inc. 1996 Retainer Stock Plan for
                  Non-Employee Directors (G)

10.55             Amended and Restated Employment Agreement between Clifford L.
                  Reynolds and D.I.Y. Home Warehouse, Inc.# (E)

10.56             Amended and Restated Employment Agreement between R. Scott
                  Eynon and D.I.Y. Home Warehouse, Inc.# (E)

10.57             Amended and Restated Employment Agreement between Dennis C.
                  Hoff and D.I.Y. Home Warehouse, Inc.# (E)

10.58             Amended and Restated Employment Agreement between Clifford L.
                  Reynolds and D.I.Y. Home Warehouse, Inc. (K)

10.59             Amended and Restated Employment Agreement between R. Scott
                  Eynon and D.I.Y. Home Warehouse, Inc. (K)

10.60             Amended and Restated Employment Agreement between Dennis C.
                  Hoff and D.I.Y. Home Warehouse, Inc. (K)

10.61             Employment Agreement between Eric I. Glassman and D.I.Y. Home
                  Warehouse, Inc. (K)



                                       13
<PAGE>   14


Exhibit
Number            Description of Exhibit
------            ----------------------


10.62             Transaction Bonus Agreement between Clifford L. Reynolds and
                  D.I.Y. Home Warehouse, Inc. (K)

10.63             Transaction Bonus Agreement between R. Scott Eynon and D.I.Y.
                  Home Warehouse, Inc. (K)

10.64             Transaction Bonus Agreement between Dennis C. Hoff and D.I.Y.
                  Home Warehouse, Inc. (K)

10.65             Transaction Bonus Agreement between Eric I. Glassman and
                  D.I.Y. Home Warehouse, Inc. (K)

10.66             General Business Lease Agreement with IBM Credit Corporation
                  dated May 30, 1996 (H)

10.67             Amended and Restated Employment Agreement between Clifford L.
                  Reynolds and D.I.Y. Home Warehouse, Inc. dated November 21,
                  1996# (I)

10.68             Credit and Security Agreement dated October 27, 1998 among
                  D.I.Y. Home Warehouse, Inc. and the Lenders which are
                  signatures hereto and National City Commercial Finance, Inc,
                  as agent and National City Bank as Letter of Credit Bank (L)

10.69             Amendment No. 3 to Amended and Restated Employment Agreement
                  between Clifford L. Reynolds and D.I.Y. Home Warehouse, Inc.

10.70             Amendment No. 2 to Amended and Restated Employment Agreement
                  between R. Scott Eynon and D.I.Y. Home Warehouse, Inc.

10.71             Amendment No. 1 to Amended and Restated Employment Agreement
                  between Eric I. Glassman and D.I.Y. Home Warehouse, Inc.


13                Annual Report:
                  --------------

13.1              Annual Report to Shareholders of D.I.Y. Home Warehouse, Inc.
                  for the fiscal year ended January 2, 1999, certain portions of
                  which are incorporated by reference herein.


23                Consents:
                  ---------

23.1              Consent of Independent Accountants

27                Financial Data Schedule
                  -----------------------

27.1              Financial Data Schedule for the year ended January 2, 1999

-------------


                                       14
<PAGE>   15


#                 Management contract or compensatory plan or arrangement
                  required to be identified by Form 10-K Item 14.

(A)               Incorporated by reference to Exhibits to the Registrant's
                  Registration Statement No. 33-60012 on Form S-1 filed May 18,
                  1993.

(B)               Incorporated by reference to Exhibits to the Registrant's
                  Report on Form 10-K for the fiscal year ended January 1, 1994.

(C)               Incorporated by reference to Exhibits to the Registrant's
                  Report on Form 10-K for the fiscal year ended December 31,
                  1994.

(D)               Incorporated by reference to Exhibits to the Registrant's
                  Report on Form 10-Q for the quarter ended April 1, 1995.

(E)               Incorporated by reference to Exhibits to the Registrant's
                  Report on Form 10-Q for the quarter ended July 1, 1995.

(F)               Incorporated by reference to Exhibits to the Registrant's
                  Report on Form 10-Q for the quarter ended September 30, 1995.

(G)               Incorporated by reference to Exhibits to the Registrant's
                  Report on Form 10-K for the fiscal year ended December 30,
                  1995.

(H)               Incorporated by reference to Exhibits to the Registrant's
                  Report on Form 10-Q for the quarter ended June 29, 1996.

(I)               Incorporated by reference to Exhibits to the Registrant's
                  Report on Form 10-K for the fiscal year ended December 28,
                  1996.

(J)               Incorporated by reference to Exhibits to the Registrant's
                  Report on Form 10-Q for the quarter ended September 27, 1997.

(K)               Incorporated by reference to Exhibits to the Registrant's
                  Report on Form 10-Q for the quarter ended July 4, 1998.

(L)               Incorporated by reference to Exhibits to the Registrant's
                  Report on Form 10-Q for the quarter ended October 3, 1998.



                                       15