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                                                             Exhibit 10.47




June 9, 1997

Mr. Stan Latacha
16511 Marcy Street
Omaha, NE 68118

Dear Stan:

         It is with pleasure that I extend an offer of employment to join 
Goody's Family Clothing, Inc. as Senior Vice President, Marketing & Advertising.

         As discussed, your base salary will be $200,000, expressed annually and
paid on a bi-weekly basis. Your next financial review  consideration  will be in
July, 1998 and will be subject to the approval of the Compensation  Committee of
the Board of Directors.

         Upon reporting to work, you will receive a $25,000 signing bonus.

         As an officer of the Company,  you will be eligible to  participate  in
the fiscal 1997  Executive  Bonus Plan.  Your targeted bonus will be 40% of your
base pay earned in fiscal 1997. We will guarantee you a minimum bonus for fiscal
1997 of $50,000. Distribution of fiscal 1997 bonus awards will be in late March,
1998 and you  must be  actively  employed  by  Goody's  on that  date for  award
consideration.

         You will be awarded  30,000 option shares of Goody's  Family  Clothing,
Inc.  stock.  All awards of stock  options must be approved by the  Compensation
Committee  of the Board of  Directors,  which  generally  is a formality  in new
employee situations.  The effective date of the stock options will be the latter
of the day the Compensation  Committee approves the award or your hire date. The
strike  price  shall  equal  the  share  price of the last  trade on the  NASDAQ
Exchange  at the  close of  business  on the last  day of  trading  prior to the
effective date of the award.  Vesting of the option shares shall be 20% per year
on the anniversary of the effective date.

         Eligibility  for  insurance  coverage  -  medical,   dental,  life  and
disability;  begins  on the  thirty  first  day of  employment.  The cost to you
depends on the  programs  you select.  An  overview  of the benefit  coverage is
enclosed.

         During your first year of service,  you will have available three weeks
of unearned  vacation.  After your first anniversary of employment you will have
three weeks of vacation per year.

         Goody's Family Clothing will provide you with a Company  automobile for
business  use.  Goody's  will  credit  your W-2  earnings  for  personal  use in
accordance with Internal Revenue Service regulations.

         Goody's will reimburse usual and customary closing costs on the sale of
your home in Nebraska,  including  up to 6% Realtor fee. We will also  reimburse
usual and  customary  closing  costs for the purchase of a home in the Knoxville
area,  including up to one point for  origination  fee. We do not cover discount
points for purposes of reducing mortgage interest rates.

         We will make all  arrangements for the movement of your household goods
from  Nebraska to  Knoxville.  Goody's  will pay the cost of packing,  insuring,
transporting  and  unpacking  (unpacking  is only for furniture set up and items
needed for the first nights stay). The total cost of your home sale and movement
of your household goods cannot exceed $40,000.

         Goody's will  arrange for and pay the cost of  temporary  lodging for a
period of up to six months. We will reimburse you a maximum of three round trips
from  Knoxville  to Nebraska  for  purposes of  arranging  and  finalizing  your
relocation to the Knoxville area.


         In the event your  employment  with Goody's  Family  Clothing,  Inc. is
terminated  for  reasons  other  than poor  performance,  as  determined  by the
non-employee members of the Board of Directors, or cause during your first three
years of  employment,  Goody's Family  Clothing,  Inc. will provide you with six
months salary continuation as severance pay.

         Stan, this offer is contingent upon your formal acceptance on or before
Monday,  June 16,  1997 and your  availability  for work no later  than July 14,
1997. As  acknowledgment  of your  acceptance,  please return one signed copy of
this letter in the enclosed envelope as soon as possible.

         On a personal note,  Stan, I am very excited about you becoming part of
the executive team here at Goody's.  I feel strongly that your contribution will
be a significant  factor in the  development  and  achievement  of our strategic
plans. Please call me if you have any questions.


                                          With kind regards,



                                          /s/  Harry M. Call
                                          ----------------------------------
                                          Harry M. Call
                                          President and Chief Operating Officer



Accepted by:



/s/ Stanley B. Latacha
----------------------
Stan Latacha


June 14, 1997
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Date






Enclosures