<PAGE> 1
                            FORM 10-Q

               SECURITIES AND EXCHANGE COMMISSION
                     Washington, D.C.  20549
(Mark one)
     [ X ]    QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF
               THE SECURITIES EXCHANGE ACT OF 1934

           For the quarterly period ended May 5, 2001

                               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 Number 1-7288


                    THE BOMBAY COMPANY, INC.
     (Exact name of registrant as specified in its charter)

                      Delaware                  75-1475223
      (State or other jurisdiction of
       incorporation or organization)       (I.R.S. Employer
                                            Identification No.)

       550 Bailey Avenue, Fort Worth, Texas             76107
     (Address of principal executive offices)        (Zip Code)



                                   (817) 347-8200
              (Registrant's telephone number, including area code)


(Former name, former address and former fiscal year, if changed since
                          last report)

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  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______

Indicate the number of shares outstanding of each of the issuer's
classes of common stock as of the latest practicable date.

      Class                    Number of shares outstanding at May 5, 2001
 Common stock, $1 par value           32,729,781


                          Page 1 of 10

 <PAGE> 2

               THE BOMBAY COMPANY, INC. AND SUBSIDIARIES

                               Form 10-Q

                       Quarter Ended May 5, 2001



                           TABLE OF CONTENTS


                    PART I -- FINANCIAL INFORMATION
Item                                                           Page No.

1.Financial Statements                                         3-6

2.Management's Discussion and Analysis of Financial
    Condition and Results of Operations                        7-8



                     PART II -- OTHER INFORMATION



6.Exhibits and Reports on Form 8-K                               9

  Signatures                                                    10






















                                   2

<PAGE> 3

<TABLE>

                     THE BOMBAY COMPANY, INC. AND SUBSIDIARIES
                    Consolidated Statements of Operations
                     (In thousands, except per share amounts)
                                   (Unaudited)
<CAPTION>
                                              Three Months Ended
                                           May 5,         April 29,
                                           2001           2000
<S>                                        <C>            <C>
Net sales                                  $90,430        $85,288

Costs and expenses:
Cost of sales,
  buying and store occupancy costs          66,818          61,809
Selling, general and
  administrative expenses                   28,684          26,645
Interest income, net                       (54)           (397)

 Total costs and expenses                  95,448         88,057

Loss before income taxes                   (5,018)        (2,769)
Income tax benefit                         (1,982)        (1,094)


Net loss                                   ($3,036)       ($1,675)

Basic earnings per share                   ($0.09)        ($0.05)

Diluted earnings per share                 ($0.09)        ($0.05)

Average common shares outstanding and
dilutive potential common shares           32,715         34,878









<FN>

The accompanying notes are an integral part of these consolidated
financial statements.
</TABLE>
                                   3

<PAGE> 4
<TABLE>
                       THE BOMBAY COMPANY, INC. AND SUBSIDIARIES
                           Consolidated Balance Sheets

(Dollars in thousands)
<CAPTION>
                                  May 5,       February 3,        April 29,
                                   2001          2001               2000
ASSETS                          (Unaudited)                     (Unaudited)
<S>
Current assets:                 <C>            <C>                <C>
   Cash and cash equivalents      $6,522        $22,157            $26,982
   Inventories                   106,381        104,914             87,673
   Other current  assets          18,093         15,380             10,727
    Total current assets         130,996        142,451            125,382

Property and equipment, net       49,896         48,506             47,036
Goodwill, less amortization          450            457                478
Other assets                      14,755         15,237             15,616
    Total assets                $196,097       $206,651           $188,512

LIABILITIES AND
  STOCKHOLDERS' EQUITY

Current liabilities:
   Notes payable to bank          $9,130             $0                 $0
   Accounts payable and
     accrued expenses             21,019         28,445             23,156
   Income taxes payable              504          5,969              4,229
   Accrued payroll and bonuses     2,510          5,649              2,512
   Gift certificates redeemable    4,565          4,765              3,893
     Total current liabilities    37,728         44,828             33,790

Accrued rent and
  other liabilities                6,726          7,096              7,055
Stockholders' equity:
   Preferred stock, $1 par value,
    1,000,000 shares authorized       --             --                 --
Common stock, $1 par value,
  50,000,000 shares authorized,
  38,149,646 shares issued        38,150         38,150              38,150
Additional paid-in capital        75,792         75,735              76,067
Retained earnings                 62,384         65,420              55,100
Accumulated other
  comprehensive loss              (1,505)        (1,267)             (1,244)
Common shares in treasury,
   at cost, 5,419,865;
   5,455,919 and 4,595,157
   shares, respectively          (22,173)       (22,320)            (19,712)
Stock purchase loans              (1,005)          (991)               (694)
   Total stockholders' equity    151,643        154,727             147,667

Total liabilities and
   stockholders' equity         $196,097       $206,651            $188,512

<FN>
The accompanying notes are an integral part of these consolidated
financial statements.
</TABLE>                                   4


<PAGE> 5

<TABLE>
                           THE BOMBAY COMPANY, INC. AND SUBSIDIARIES
                              Consolidated Statements of Cash Flows

                                    (Dollars in thousands)

                                           (Unaudited)
<CAPTION>
                                                Three Months Ended
                                             May 5,            April 29,
                                              2001               2000
<S>                                         <C>                <C>
Cash flows from operating activities:
   Net loss                                 ($3,036)           ($1,675)
   Adjustments to reconcile net loss
     to net cash from operations:
       Depreciation and amortization          3,905              3,439
       Deferred taxes and other                 (57)                (9)
Change in assets and liabilities:
   (Increase) decrease in inventories        (1,787)             2,605
   Increase in other current assets          (2,751)            (1,194)
   Decrease in current liabilities          (16,045)            (4,668)
   (Increase) decrease in noncurrent assets      35                (13)
   Decrease in noncurrent liabilities          (147)               (59)

   Net cash used by operations              (19,883)            (1,574)
Cash flows from investing activities:
   Purchases of property and equipment       (5,071)            (3,987)
   Sales of property and equipment              146                 68
   Net cash used by investing activities     (4,925)            (3,919)
Cash flows from financing activities:
   Net bank borrowings                        9,130                --
   Purchases of treasury stock                   --             (6,869)
   Sale of stock to employee benefit plans        7                 58

   Net cash used by financing activities      9,137             (6,811)

Effect of exchange rate change on cash          36                 112
Net decrease in cash and cash equivalents   (15,635)           (12,192)
Cash and cash equivalents at
  beginning of period                        22,157             39,174
Cash and cash equivalents at end of period   $6,522            $26,982

<CAPTION>
Supplemental disclosure of
  cash flow information:
     <S>                                      <C>                  <C>
     Interest paid                              $29                 $0
     Income taxes paid                        4,470                 24
     Non-cash financing activities:
         Issuance of restricted stock           215                136
         Loans issued to purchase Company stock --                  77

<FN>
The accompanying notes are an integral part of these consolidated
financial statements.
</TABLE>                                   5

<PAGE> 6
               THE BOMBAY COMPANY, INC. AND SUBSIDIARIES

              Notes to Consolidated Financial Statements


(1) Accounting Principles

       In  the  opinion  of the Company, the accompanying  consolidated
financial statements contain all adjustments (consisting of only normal
recurring  adjustments)  necessary  to  present  fairly  the  financial
position  as  of  May 5, 2001 and April 29, 2000, and  the  results  of
operations and cash flows for the three months then ended.  The results
of  operations for the three month periods ended May 5, 2001 and  April
29,  2000  are not necessarily indicative of the results to be expected
for the full fiscal year.  The consolidated financial statements should
be  read  in  conjunction  with  the  financial  statement  disclosures
contained in the Company's 2000 Annual Report on Form 10-K.


(2)  Financing Arrangements

   Effective  June 6, 2001, the Company entered into a  new  unsecured,
revolving  credit  agreement with a group of banks, with  an  aggregate
commitment  of up to $50,000,000.  The facility replaced the  Company's
$30,000,000  committed  and  $15,000,000 uncommitted  facilities  which
expired  coincident with the closing of the new facility.   At  May  5,
2001,  letters  of  credit  totaling  $12,271,000  and  borrowings   of
$9,130,000 were outstanding under the previous facility.

   The  new credit facility, which expires June 5, 2002, is for working
capital  and letter of credit purposes.  Borrowings under the  facility
bear interest, at the Company's option, at either the lead bank's prime
lending rate plus a margin of 0% to .5% or the LIBOR rate plus a margin
of  1.0%  to 2.0%, with the margin depending on the Company's  leverage
ratio.   Under  terms  of  the agreement, the Company  is  required  to
maintain certain financial ratios and other financial conditions.   The
agreement  prohibits  the  Company  from  making  certain  investments,
advances   or   loans  and  limits  the  dollar  amounts   of   capital
expenditures,  purchases of treasury shares, cash dividends  and  asset
sales.   In  the  event  that  the Company is  in  default  of  certain
provisions  of  the agreement, the lenders would be permitted  to  file
liens against the Company's inventory located in the United States  and
perfect  the  pledge  of  65% of the stock of  the  Company's  Canadian
subsidiary, thereby securing the indebtedness.


(3)  Comprehensive Income/Loss

   Comprehensive loss for the three months ended May 5, 2001 and  April
29,  2000  was  $3,274,000  and $1,906,000, respectively.   Accumulated
other comprehensive income consists of the cumulative effect of foreign
currency translation adjustments.










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<PAGE> 7

               THE BOMBAY COMPANY, INC. AND SUBSIDIARIES

Item 2. Management's Discussion and Analysis of Financial Condition and
Results of Operations
Special Note Regarding Forward-Looking Statements
  Certain  statements in this Form 10-Q under "Management's  Discussion
and   Analysis  of  Financial  Condition  and  Results  of  Operations"
constitute  "forward-looking statements"  within  the  meaning  of  the
Private Securities Litigation Reform Act of 1995.  Such forward-looking
statements  involve  known and unknown risks, uncertainties  and  other
factors which may cause the actual results, performance or achievements
of The Bombay Company, Inc. ("Company") to be materially different from
any future results, performance or achievements expressed or implied by
such  forward-looking statements.  Such factors include, among  others,
the   following:   competition;  seasonality;  success   of   operating
initiatives;  new  product  development  and  introduction   schedules;
acceptance  of  new  product  offerings;  advertising  and  promotional
efforts; adverse publicity; expansion of the store chain; availability,
locations and terms of sites for store development; changes in business
strategy or development plans; availability and terms of capital; labor
and  employee  benefit costs; changes in government regulations;  risks
associated  with  international business; regional weather  conditions;
and  other  factors referenced in the Company's 2000 Annual  Report  on
Form 10-K.

General
  The  Bombay  Company,  Inc.  is  a specialty  retailer  that  markets
timeless and classic furniture, accessories and wall decor through  412
retail  locations in 43 states in the United States and  nine  Canadian
provinces.    In  addition,  the  Company  markets  through  additional
channels such as mail order and the internet at www.bombaycompany.com.

  The largest percentage of the Company's sales and operating income is
realized  in  the  fiscal  quarter that  includes  December  (Christmas
season).  Merchandise is manufactured to Company specification  through
a worldwide network of contract manufacturers.  Because the majority of
the  Company's  products are proprietary, the impact  of  inflation  on
operating  results is typically not significant.  The Company  attempts
to  alleviate  inflationary  pressures  by  increasing  selling  prices
(subject  to  competitive conditions), improving  designs  and  finding
alternative production sources in lower cost countries.

Results of Operations
Quarters Ended May 5, 2001 and April 29, 2000

  Net sales were $90,430,000 for the quarter ended May 5, 2001 compared
to $85,288,000 for the quarter ended April 29, 2000, an increase of 6%.
Same  store sales on a comparable thirteen week basis increased 2% over
the  prior year.  On a regional basis, sales performance was  within  a
fairly tight range with the West Coast having the strongest performance
and  the Northeast reflecting same store sales slightly lower than last
year.   Outlets  continued to perform well, posting  same  store  sales
gains  in the mid single digits.  From a product mix standpoint,  sales
increases  were primarily attributable to accessories and  wall  decor.
These increases were partially offset by flat sales in furniture.   The
sales  mix  for  the  first quarter of Fiscal 2001 consisted  of  47.5%
furniture,  35.4% accessories, and 17.1% wall decor.  During  the  same
period  of  last  year,  the  sales  mix  was  50.4%  furniture,  32.8%
accessories,  and 16.8% wall decor.  During the quarter  ended  May  5,
2001,  the  transaction count increased by approximately  1%  over  the
first  fiscal  quarter  of  last year, while  the  average  transaction
increased from $94 to $99 during the applicable periods.  The  increase
in  the  average transaction is reflective of an increase in the  units
purchased  per transaction as well as an increase in the overall  price
points within the merchandise assortment.

                                   7
<PAGE> 8

  Cost  of sales, including buying and occupancy costs, was $66,818,000
for  the  first  fiscal quarter compared to $61,809,000  for  the  same
period last year.  As a percentage of sales, cost of sales increased to
73.9%  for  the  quarter compared to 72.5% for the prior  year  period.
Product  margins declined by 100 points, reflecting higher  promotional
selling  across  the entire product assortment.  The  Company  promoted
more  aggressively  during  the  period  and  customer  purchases  were
concentrated in sale merchandise and promotional items resulting in the
overall  lower margins.   Buying and occupancy costs increased by  $1.7
million,  from  23.3% of sales to 23.7% in the current fiscal  quarter.
Increased  costs are due, in part, to a 5% increase in  square  footage
due to the opening of new stores and conversions over the past year.

  Selling,  general  and administrative expenses  were  $28,684,000  or
31.7%  of  sales for the quarter compared to $26,645,000  or  31.2%  of
sales  for the comparable prior year period.  Sales promotions expenses
increased  both in dollars and as a percentage of sales as a result  of
the  timing  of  certain  promotional activity.   Payroll  and  payroll
related costs remained flat as a percentage of sales, reflecting higher
rates  and  cost associated with retail expansion.  Amortization  costs
resulting  from  investments made in technology  and  higher  insurance
costs  in  the  tightening  insurance market also  contributed  to  the
increase as a percentage of sales.

Liquidity and Capital Resources

  The primary sources of liquidity and capital resources are cash flows
from  operations  and  bank  lines  of  credit.   Bank  borrowings  are
available to fund working capital needs.  In addition, the bank  credit
lines, which were renewed effective June 6, 2001, are used for overseas
merchandise purchases under letters of credit.  Bank lines aggregate  a
commitment  of  up  to $50 million under a revolving  credit  agreement
expiring  June  5,  2002.  Letters of credit totaling  $12,271,000  and
borrowings  of $9,130,000 were outstanding under the previous  facility
at May 5, 2001.

    The  store  expansion plan for the remainder  of  the  fiscal  year
anticipates  approximately 17 new stores, four new outlets  and  eleven
conversions to the large format.  Capital expenditures for the  quarter
included   four  new  store  openings,  four  new  outlets  and   seven
conversions  as well as routine purchases of furniture,  equipment  and
software.  The total estimated capital expenditures for Fiscal 2001 are
approximately $19 million.

  The  Company has in place a stock repurchase program approved by  the
Board of Directors of up to $30 million.  During the quarter ended  May
5,  2001,  no shares were acquired.  From the inception of the  program
through  May  5,  2001,  $25.0 million has  been  spent  to  repurchase
approximately 6.0 million shares.  The Company does not currently  have
plans to purchase additional shares during Fiscal 2001.

  As  of  the  end  of the quarter, inventory levels were  higher  than
planned.   Management expects to reduce levels bringing  them  more  in
line  with plans by the end of the second quarter.  We anticipate  that
inventory  levels will be slightly higher than prior year  quarter  end
balances  as the Company funds its growth initiatives.  Management  has
intentionally  chosen not to aggressively liquidate the  inventory  but
rather to move through the product over a longer period of time without
negatively impacting the gross margin.
  The  Company believes that its current cash position, cash flows from
operations  and credit line facilities will be sufficient to  fund  its
current operations, capital expenditures and stock repurchase programs.


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<PAGE> 9
               THE BOMBAY COMPANY, INC. AND SUBSIDIARIES
                      PART II - OTHER INFORMATION



Item 6.  Exhibits and Reports on Form 8-K

No reports on Form 8-K have been filed during the quarter ended May 5,
2001.  No exhibits have been filed as a part of this report.








































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<PAGE> 10
               THE BOMBAY COMPANY, INC. AND SUBSIDIARIES

                              SIGNATURES

   Pursuant to the requirements 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.

                                   THE BOMBAY COMPANY, INC.
                                   (Registrant)



                                     /s/  Carmie Mehrlander
                                   Carmie Mehrlander
                                   Chairman of the Board, President
                                   and Chief Executive Officer





                                     /s/  Elaine D. Crowley
                                   Elaine D. Crowley
                                   Vice President, Chief Financial
                                   Officer and Treasurer


Date:                                   June 15, 2001




















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