<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-31-1997             SEP-01-1996
<PERIOD-START>                             SEP-02-1996             SEP-04-1995
<PERIOD-END>                               DEC-01-1996             DEC-03-1995
<EXCHANGE-RATE>                                      1                       1
<CASH>                                      12,819,001               2,175,902
<SECURITIES>                                         0                       0
<RECEIVABLES>                               21,616,295              26,759,881
<ALLOWANCES>                                         0                       0
<INVENTORY>                                 19,108,381              26,199,925
<CURRENT-ASSETS>                            57,344,201              60,833,263
<PP&E>                                       8,099,097              13,413,601
<DEPRECIATION>                                       0                       0
<TOTAL-ASSETS>                              71,844,716              76,389,892
<CURRENT-LIABILITIES>                        9,422,543              15,858,849
<BONDS>                                              0                       0
<PREFERRED-MANDATORY>                                0                       0
<PREFERRED>                                          0                       0
<COMMON>                                     1,828,179               1,812,554
<OTHER-SE>                                           0                       0
<TOTAL-LIABILITY-AND-EQUITY>                71,844,716              76,389,892
<SALES>                                     27,048,240              34,311,100
<TOTAL-REVENUES>                            27,048,240              34,311,100
<CGS>                                       18,949,596              25,215,137
<TOTAL-COSTS>                               26,116,441              34,040,604
<OTHER-EXPENSES>                                     0                       0
<LOSS-PROVISION>                                     0                       0
<INTEREST-EXPENSE>                             301,418                 473,536
<INCOME-PRETAX>                                931,799                 270,496
<INCOME-TAX>                                   389,000                 137,000
<INCOME-CONTINUING>                                  0                       0
<DISCONTINUED>                                       0                       0
<EXTRAORDINARY>                                      0                       0
<CHANGES>                                            0                       0
<NET-INCOME>                                   542,799                 133,496
<EPS-PRIMARY>                                      .15                     .04
<EPS-DILUTED>                                        0                       0
        

</TABLE>