<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 November 3, 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)

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

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

                          (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
                                       November 3, 2001
  Common stock, $1 par                    32,810,711
         value



                           Page 1 of 12

<PAGE> 2

             THE BOMBAY COMPANY, INC. AND SUBSIDIARIES

                             Form 10-Q

                  Quarter Ended November 3, 2001



                         TABLE OF CONTENTS


                  PART I -- FINANCIAL INFORMATION
Item                                                           Page No.

1.Financial Statements                                         3-7

2.Management's Discussion and Analysis of Financial
    Condition and Results of Operations                        8-10



                   PART II -- OTHER INFORMATION


6.Exhibits and Reports on Form 8-K                              11

  Signatures                                                    12





















                                 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         Nine Months Ended
                                        November 3,  October 28,   November 3,  October 28,
                                           2001         2000         2001          2000
<S>                                     <C>          <C>           <C>          <C>
Net revenue                              $96,945      $90,855      $284,951     $266,174

Costs and expenses:
    Cost of sales, buying and store
      occupancy costs                     71,789       65,076       212,128      193,031
    Selling, general and administrative
      expenses                            28,312       28,286        85,422       80,838
    Interest (income) expense, net           324          199           329        (511)

       Total costs and expenses          100,425       93,561       297,879      273,358

Loss before income taxes                 (3,480)      (2,706)       (12,928)     (7,184)
Income tax benefit                       (1,247)      (1,069)        (4,979)     (2,838)

     Net loss                           ($2,233)     ($1,637)       ($7,949)    ($4,346)

Basic earnings per share                 ($0.07)      ($0.05)        ($0.24)     ($0.13)

Diluted earnings per share               ($0.07)      ($0.05)        ($0.24)     ($0.13)

Average common shares outstanding         32,799       32,631         32,755      33,477

Average common shares outstanding and
  dilutive potential common shares        32,799       32,631         32,755      33,477




<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>
                                               November 3,        February 3,      October 28,
                                                  2001               2001             2000
 ASSETS:                                      (Unaudited)                          (Unaudited)
<S>                                            <C>                <C>              <C>
  Current assets:
     Cash and cash equivalents                   $5,022            $22,157           $6,283
     Inventories                                129,881            104,914          119,242
     Other current assets                        22,412             15,380           13,662

       Total current assets                     157,315            142,451          139,187

 Property and equipment, net                     52,259             48,506           48,731
 Goodwill, less amortization                        437                457              464
 Other assets                                    13,843             15,237           15,540

        Total assets                           $223,854           $206,651         $203,922

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:
   Notes payable to banks                       $28,000           $   --            $24,785
   Vendor payables and accrued expenses          35,033             28,445           24,519
   Income taxes payable                              --              5,969               --
   Accrued payroll and bonuses                    2,313              5,649            2,189
   Gift certificates redeemable                   4,651              4,765            4,005

     Total current liabilities                   69,997             44,828           55,498

Accrued rent and other liabilities                7,247              7,096            6,997

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                    75,636              75,735           75,875
   Retained earnings                             57,471              65,420           52,429
   Accumulated other comprehensive income        (1,792)             (1,267)          (1,493)
   Common shares in treasury, at cost,
     5,338,935; 5,455,919 and 5,510,015
       shares, respectively                     (21,823)            (22,320)         (22,558)
   Stock purchase loans                          (1,032)               (991)            (976)

      Total stockholders' equity                146,610              154,727         141,427

Total liabilities and stockholders' equity     $223,854             $206,651        $203,922

<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>
                                                                   Nine Months Ended

                                                              November 3,    October 28,
                                                                 2001           2000
<S>                                                          <C>             <C>
Cash flows from operating activities:
   Net loss                                                   ($7,949)        ($4,346)
   Adjustments to reconcile net loss to net cash
     from operations:
       Depreciation and amortization                           11,837          10,740
       Deferred taxes and other                                 (416)               4
   Change in assets and liabilities:
       Increase in inventories                               (26,065)         (29,382)
       Increase in other current assets                       (5,789)          (4,135)
       Decrease in current liabilities                        (4,077)          (7,694)
       Decrease in noncurrent assets                              31               53
       Decrease in noncurrent liabilities                       (254)             (95)

    Net cash used by operations                              (32,682)         (34,855)

Cash flows from investing activities:
       Purchases of property and equipment                   (13,535)         (13,220)
       Sales of property and equipment                           604              149

    Net cash used by investing activities                    (12,931)         (13,071)

Cash flows from financing activities:
       Net proceeds from bank borrowings                       28,000          24,785
       Purchases of treasury stock                                 --         (10,281)
       Sale of stock to employee benefit plans                    111             195

     Net cash provided by financing activities                 28,111          14,699

Effect of exchange rate change on cash                            367             336

Net decrease in cash and cash equivalents                     (17,135)        (32,891)

Cash and cash equivalents at beginning of period               22,157          39,174

Cash and cash equivalents at end of period                     $5,022          $6,283


<CAPTION>
Supplemental disclosure of cash flow information:
<S>                                                            <C>             <C>
   Interest paid                                                 $368            $248
   Income taxes paid                                           $6,081          $4,333
   Non-cash financing activities:
     Issuance of restricted stock                                 215             153
     Loans issued to purchase Company stock                        --             314



<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 November 3, 2001 and October 28, 2000, the
results of operations for the three and nine months then ended, and
cash  flows  for  the nine months then ended.  Certain  prior  year
amounts   have  been  reclassified  to  conform  to  current   year
classification.  The results of operations for the three  and  nine
month  periods ended November 3, 2001 and October 28, 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  November  3,  2001,  letters  of  credit   totaling
$5,996,000 and borrowings of $28,000,000 were outstanding under the
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 income or loss represents the change in equity (net
assets)  of a business enterprise during a period from transactions
and  other  events  and circumstances from non-owner  sources.   It
includes  all  changes  in  equity during  a  period  except  those
resulting from investments by owners and distributions to owners.

   Comprehensive loss for the three months ended November  3,  2001
and  October  28, 2000 was $2,522,000 and $1,894,000, respectively.
Comprehensive loss for the nine months ended November 3,  2001  and
October  28,  2000  was  $8,474,000 and  $4,826,000,  respectively.
Other  comprehensive  income  or loss consists  of  the  cumulative
effect of foreign currency translation adjustments.
                                 6

<PAGE> 7

             THE BOMBAY COMPANY, INC. AND SUBSIDIARIES

         Notes to Consolidated Financial Statements (cont'd)


(4)   Store Closing Liability

   The  Company  has established a liability for real estate  costs
associated  with closing underperforming stores.  Activity  through
the  account through the third fiscal quarter of this  year  is  as
follows:

    Balance as of February 3, 2001     $715,000
    Activity                           (373,000)

    Balance as of November 3, 2001     $342,000


(5)   New Accounting Standards

   In  June  2001, the Financial Accounting Standards Board  issued
Statement  of  Financial  Accounting Standards  No.  141,  Business
Combinations  ("FAS  141") and Statement  of  Financial  Accounting
Standards  No.  142,  Goodwill and Other  Intangible  Assets  ("FAS
142").   FAS  141 addresses the initial recognition and measurement
of  goodwill  and other intangible assets acquired  in  a  business
combination.   FAS  142  addresses  the  initial  recognition   and
measurement   of intangible assets acquired outside of  a  business
combination, whether acquired individually or with a group of other
assets,  and  the accounting and reporting for goodwill  and  other
intangibles  subsequent  to  their  acquisition.   These  standards
require all future business combinations to be accounted for  using
the  purchase  method of accounting.  Goodwill will  no  longer  be
amortized, but instead will be subject to an impairment  test  each
reporting period.  The Company is required to adopt FAS 141 and FAS
142  on  a prospective basis as of February 3, 2002.  However,  the
adoption  of  these standards is not expected to have a significant
impact  on the Company's consolidated financial position or results
of operations.

  In  October 2001, the Financial Accounting Standards Board issued
Statement of Financial Accounting Standards No. 144, Accounting for
the  Impairment of Long-Lived Assets ("FAS 144"), which establishes
accounting  and reporting standards for impairment and  disposition
of  long-lived assets, excluding goodwill.  The Company is required
to  adopt  FAS 144 on a prospective basis as of February  3,  2002.
The  impact,  if  any,  of the adoption of FAS  144  has  not  been
determined at this time.











                                 7

<PAGE> 8

             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:
the  impact on consumer spending generally, and on the Company,  in
particular, in light of the events of September 11, 2001;  downward
pressure   in   retail   due  to  continuing  economic   pessimism;
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 risks and uncertainties contained  in
the Company's 2000 Annual Report on Form 10-K and other SEC filings
as they occur.

General

  The  Bombay Company, Inc. designs, sources and markets  a  unique
line  of  home  accessories, wall decor and furniture  through  427
retail  locations  in  43  states in the  United  States  and  nine
Canadian provinces, through specialty catalogs and the internet  in
the  U.S. and internationally.  As of November 3, 2001, the Company
has  one  licensed international store operating in  the  Dominican
Republic.

  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 adjusting selling  prices  (subject  to
competitive  conditions), improving designs and finding alternative
production sources in lower cost countries.

Results of Operations

Quarters Ended November 3, 2001 and October 28, 2000

   Net  revenue was $96,945,000 for the quarter ended  November  3,
2001  compared  to  $90,855,000 for the quarter ended  October  28,
2000,  an  increase  of 7%.  Overall, sales from  stores  increased
approximately  4%  as a result of new store growth  and  converting
regular  stores to the large format.   The remainder of the  growth
came from the internet, international and Bailey Street operations.

                                 8

<PAGE> 9

Same  store sales on a comparable thirteen week basis decreased  3%
from  the  prior  year.   While the Company had  same  store  sales
increases  in August and early September, the terrorism attacks  on
September 11 negatively impacted both sales and margins during  the
remainder  of  the quarter.  On a geographical basis,  all  regions
reported  same store sales declines during the third  quarter  with
the  Northeast  being  the  hardest hit.  Outlet  stores,  however,
reported  low  single-digit same store sales increases,  driven  by
outlet-only   special  purchases.   For  the  quarter,   furniture,
accessories and wall decor sales represented 47%, 39%  and  14%  of
the  business, respectively, compared to last year's third  quarter
product  mix of 50% furniture, 34% accessories and 16% wall  decor.
Consistent  with the shift to accessories, the average  transaction
decreased  from $96 in the third quarter of Fiscal 2000 to  $92  in
the  current  period,  while the number of  transactions  increased
almost 10%.

    Cost  of  sales,  including buying  and  occupancy  costs,  was
$71,789,000  for the third fiscal quarter compared  to  $65,076,000
for the same period last year.  As a percentage of revenue, cost of
sales increased to 74.1% for the quarter compared to 71.6% for  the
prior  year  period.  Gross margins continued to be under  pressure
this quarter, declining 250 basis points.  Product margins declined
240  basis  points  as  a result of customers buying  promotionally
priced  merchandise  and,  to a lesser extent,  cost  increases  in
freight and distribution.  Buying and occupancy costs increased  to
23.1%  of revenue from 23.0% reflecting negative leverage from  the
decline in same store sales.

  Selling, general and administrative expenses were $28,312,000  or
29.2%  of revenue for the quarter compared to $28,286,000 or  31.1%
of  revenue  for  the comparable period of the prior  year.   Tight
controls  over expenditures allowed the Company to manage  selling,
general  and  administrative expenses to prior year  levels,  while
leveraging them on a higher revenue base.

  For  the quarter ended November 3, 2001, net interest expense was
$324,000 compared to  $199,000 in the third quarter of Fiscal 2000.
This  change  is  due to overall lower levels of cash  and  greater
utilization   of   seasonal  borrowings  in   the   current   year,
attributable  largely to the use of funds for capital  expenditures
and higher inventory levels.

Nine Months Ended November 3, 2001 and October 28, 2000

   Net  revenue was $284,951,000 for the nine months ended November
3,  2001 compared to $266,174,000 for the same period last year, an
increase  of  7%.  Sales from stores represented 6% of the  growth,
with  the  remainder  coming from the internet,  international  and
Bailey Street operations.  Same store sales on a comparable thirty-
nine  week  basis  were flat compared to the  prior  year  to  date
period.   On  a  regional basis, the Northeast and Canada  reported
negative  same  store sales while the rest of the U.S.  experienced
low  single-digit same store sales increases.  For the nine  months
ended  November  3,  2001, furniture, accessories  and  wall  decor
represented  48%, 37% and 15% of the business, respectively.   This
compares  to  the  nine  months ended October  28,  2000  with  50%
furniture,  34% accessories and 16% wall decor.  In  spite  of  the
shift  toward more accessory sales, the average transaction  during
these  year-to-date periods increased from $94 to  $96,  while  the
number of transactions increased by approximately 5%.

  Cost  of  sales,  including  buying  and  occupancy  costs,   was
$212,128,000 for the nine months ended November 3, 2001 compared to
$193,031,000 for the comparable period last year.  As a  percentage
of  revenue, cost of sales increased to 74.4% for the year to  date
period  compared  to  72.5%  in the prior  year.   Product  margins
declined  170  basis  points  as  a  result  of  customers   buying
promotionally  priced  merchandise.   Buying  and  occupancy  costs
increased $5 million to 23.1% of revenue from 22.9% last year.

                                 9

<PAGE> 10

  Selling, general and administrative expenses were $85,422,000  or
30.0%  of  revenues for the nine months compared to $80,838,000  or
30.4%  of  revenues for the prior year comparable period.  Although
these  expenses  were  $4.6 million higher than  last  year,  tight
controls  enabled the Company to leverage them on a higher  revenue
base.


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
$5,996,000 and borrowings of $28,000,000 were outstanding under the
facility  at  November 3, 2001.  Management currently expects  that
the  amount  of  outstanding borrowings will be repaid  during  the
fourth  fiscal quarter as a result of anticipated higher sales  and
the  liquidation of seasonal inventory buildup during the Christmas
season.

  The  Company  did  not  incur any direct losses  or  expenses  in
connection  with  the terrorism events of September  11.   However,
sales  and margins were negatively impacted as a result of consumer
caution  and  the  general decline in economic circumstances.   The
Company  remains  cautious on its outlook  for  the  fourth  fiscal
quarter.

  As of November 3, 2001, inventory levels are more in line with plan
than they were at the end of the second quarter primarily as a result
of reduced merchandise purchases during the period.  The Company
expects inventory levels at year end to be lower than the prior
fiscal year end.

  As part of the Company's stated strategy of increasing its retail
square footage, the Company opened 11 large format stores and  four
outlets  during  the  third  quarter.   Two  regular  stores   were
converted  to the large format and three stores were closed  during
the  period.   As of the end of the third quarter, the Company  had
321  large  format stores, 72 regular stores and 34 outlets  for  a
total  of  427 stores compared to 413 stores as of the end  of  the
third quarter of Fiscal 2000.  During the fourth fiscal quarter the
Company expects to open two additional stores and two outlets,  and
to convert three regular stores to the large format.  Approximately
seven stores are expected to close before the end of the year.

  The  Company has in place a stock repurchase program approved  by
the  Board  of  Directors of up to $30 million.   During  the  nine
months  ended November 3, 2001, no shares were acquired.  From  the
inception  of  the program through November 3, 2001, $25.0  million
has been spent to repurchase approximately 6.0 million shares.  The
Company  does not currently plan to make any significant  purchases
of additional shares during the remainder of Fiscal 2001.

  The  Company believes that its current cash position, cash  flows
from  operations and credit lines will be sufficient  to  fund  its
current operations and capital expenditure programs.




                                10

<PAGE> 11

             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
November 3, 2001.  No exhibits have been filed as a part of this
report.








































                                11


<PAGE> 12

             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, President and
                                   Chief Executive Officer





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


Date:  December 13, 2001





















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