<TABLE> <S> <C>

<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FIRST QUARTER AND THIRTEEN WEEKS ENDED FORM 10-Q AND IS QUALIFIED IN
ITS ENTIRETY BY REFERENCE TO IT.
</LEGEND>
<RESTATED> 
<CIK> 0000023249
<NAME> CONCORD FABRICS INC.
<MULTIPLIER> 1
<CURRENCY> U. S. DOLLARS
       
<S>                             <C>                     <C>
<PERIOD-TYPE>                   3-MOS                   3-MOS
<FISCAL-YEAR-END>                          AUG-29-1999             AUG-30-1998
<PERIOD-START>                             AUG-31-1998             SEP-01-1997
<PERIOD-END>                               NOV-29-1998             NOV-30-1997
<EXCHANGE-RATE>                                      1                       1
<CASH>                                      11,574,993              11,734,313
<SECURITIES>                                         0                       0
<RECEIVABLES>                               18,032,087              18,605,931
<ALLOWANCES>                                         0                       0
<INVENTORY>                                 18,971,743              17,168,452
<CURRENT-ASSETS>                            61,568,957              61,309,935
<PP&E>                                       9,808,869               7,371,463
<DEPRECIATION>                                       0                       0
<TOTAL-ASSETS>                              77,272,328              75,387,061
<CURRENT-LIABILITIES>                       11,745,836               9,311,055
<BONDS>                                              0                       0
<PREFERRED-MANDATORY>                                0                       0
<PREFERRED>                                          0                       0
<COMMON>                                     1,842,554               1,832,554
<OTHER-SE>                                           0                       0
<TOTAL-LIABILITY-AND-EQUITY>                77,272,328              75,387,061
<SALES>                                     22,596,600              24,750,402
<TOTAL-REVENUES>                            22,596,600              24,750,402
<CGS>                                       15,473,097              17,081,341
<TOTAL-COSTS>                               21,699,545              23,419,808
<OTHER-EXPENSES>                                     0                       0
<LOSS-PROVISION>                                     0                       0
<INTEREST-EXPENSE>                             185,487                 174,041
<INCOME-PRETAX>                                897,055               1,330,594
<INCOME-TAX>                                   375,000                 535,000
<INCOME-CONTINUING>                                  0                       0
<DISCONTINUED>                                       0                       0
<EXTRAORDINARY>                                      0                       0
<CHANGES>                                            0                       0
<NET-INCOME>                                   522,055                 795,594
<EPS-PRIMARY>                                      .14                     .22
<EPS-DILUTED>                                      .14                     .21
        

</TABLE>