SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 10-Q


                   Quarterly Report Under Section 13 or 15(d)
                     of the Securities Exchange Act of 1934

For Quarter Ended:                                        Commission File No.:
  August 31, 1998                                                  0-16442

                             FIRST TEAM SPORTS, INC.
             (Exact name of Registrant as specified in its charter)

    Minnesota                                                    41-1545748
(State or other jurisdiction                                   (I.R.S. Employer
of incorporation or organization)                            Identification No.)

                               1201 Lund Boulevard
                             Anoka, Minnesota 55303
                         (Address of principal executive
                         offices) Registrant's telephone
                          number, including area code:

                                 (612) 576-3500

                     --------------------------------------

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: 5,792,240 shares of Common
Stock, $.01 par value per share, outstanding as of October 12, 1998.


<PAGE>


                                     PART I
                              FINANCIAL INFORMATION


Item 1.  Financial Statements


                             FIRST TEAM SPORTS, INC.
                           CONSOLIDATED BALANCE SHEETS
                      August 31, 1998 and February 28, 1998
<TABLE>
<CAPTION>

                                                            August 31,              February 28,
                    ASSETS                                     1998                     1998
                                                        --------------------    ---------------------
                                                            (Unaudited)
<S>                                                              <C>                      <C>       
CURRENT ASSETS
  Cash and cash equivalents                                      $2,076,327               $1,869,545
  Receivables:
    Trade, less allowance for
      doubtful accounts of $688,000 at
      August 31, 1998 and $565,000 at
      February 28, 1998                                          11,452,340               11,417,176
  Refundable income taxes                                         3,823,067                1,678,405
  Inventories                                                    10,735,484               22,709,519
  Prepaid expenses                                                  827,253                  957,903
  Deferred income taxes                                             896,000                  896,000
                                                        --------------------    ---------------------

    Total current assets                                         29,810,471               39,528,548
                                                        --------------------    ---------------------

PROPERTY AND EQUIPMENT,
  Land                                                              600,000                  600,000
  Building                                                        4,988,680                4,988,680
  Production equipment                                            2,106,376                2,132,156
  Office furniture and equipment                                  1,813,460                1,766,911
  Warehouse equipment                                               939,277                  820,626
  Vehicles                                                          104,614                  102,906
                                                        --------------------    ---------------------
                                                                 10,552,407               10,411,279
  Less accumulated depreciation                                   2,619,474                1,993,004
                                                        --------------------    ---------------------

                                                                  7,932,933                8,418,275
                                                        --------------------    ---------------------

OTHER ASSETS
  License agreements, less accumulated
    amortization of $3,213,000 at August
    31, 1998 and $3,039,000 at February
    28, 1998                                                      1,854,684                1,766,584
  Goodwill, less accummulated amortization
    of $254,000 at August 31, 1998 and
    $64,000 at February 28, 1998.                                 1,139,299                1,462,291
  Other                                                             768,611                  986,030
                                                        --------------------    ---------------------

                                                                  3,762,594                4,214,905
                                                        --------------------    ---------------------

                                                                $41,505,998              $52,161,728
                                                        ====================    =====================
</TABLE>

See Notes to Consolidated Financial Statements


<PAGE>






                             FIRST TEAM SPORTS, INC.
                     CONSOLIDATED BALANCE SHEETS (CONTINUED)
                      August 31, 1998 and February 28, 1998
<TABLE>
<CAPTION>

                                                         August 31,              February 28,
            LIABILITIES AND SHAREHOLDERS' EQUITY            1998                     1998
                                                     --------------------    ---------------------
                                                         (Unaudited)
<S>                                                           <C>                      <C>       
CURRENT LIABILITIES
  Notes payable to bank                                       $5,055,000               $8,685,000
  Current maturities of
    long-term debt                                             1,134,308                  978,965
  Accounts payable, trade                                      1,868,542                2,697,675
  Accrued expenses                                             1,983,292                2,115,728
                                                     --------------------    ---------------------

    Total current liabilities                                 10,041,142               14,477,368
                                                     --------------------    ---------------------




LONG-TERM DEBT,
    less current maturities                                    6,342,177                6,774,496
                                                     --------------------    ---------------------


DEFERRED INCOME TAXES                                             69,000                   69,000
                                                     --------------------    ---------------------


DEFERRED REVENUE                                                 600,000                  600,000
                                                     --------------------    ---------------------


SHAREHOLDERS' EQUITY
  Common Stock, par value $.01 per
    share; authorized 10,000,000
    shares; issued and outstanding
    5,792,240 shares at August 31, 1998,
    and February 28, 1998                                         57,923                   57,923
  Additional paid-in capital                                   9,806,341                9,806,341
  Retained earnings                                           15,190,665               20,492,860
  Accumulated other comprehensive income (loss)                 (601,250)                (116,260)
                                                     --------------------    ---------------------

                                                              24,453,679               30,240,864
                                                     --------------------    ---------------------

                                                             $41,505,998              $52,161,728
                                                     ====================    =====================

</TABLE>

See Notes to Consolidated Financial Statements

<PAGE>


                             FIRST TEAM SPORTS, INC.
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (Unaudited)
<TABLE>
<CAPTION>


                                           Three months ended             Six months ended
                                               August  31,                    August  31,
                                          1998            1997            1998            1997
                                      ----------------------------    ----------------------------


<S>                                   <C>             <C>             <C>             <C>
    Net sales                         $  9,239,152    $ 10,101,611    $ 24,354,248    $ 36,108,873

    Cost of goods sold                  14,126,388       7,944,438      24,906,990      26,994,488
                                      ------------    ------------    ------------    ------------

        Gross profit                    (4,887,236)      2,157,173        (552,742)      9,114,385
                                      ------------    ------------    ------------    ------------

    Operating expenses:
      Selling                            1,379,795       1,214,086       2,780,156       3,255,917
      General and
        administrative                   2,223,080       1,954,404       3,972,650       3,761,558
                                      ------------    ------------    ------------    ------------

                                         3,602,875       3,168,490       6,752,806       7,017,475
                                      ------------    ------------    ------------    ------------

        Operating income/(loss)         (8,490,111)     (1,011,317)     (7,305,548)      2,096,910

      Interest expense                    (321,769)       (272,748)       (680,950)       (523,290)
                                      ------------    ------------    ------------    ------------

        Income/(loss) before
          income taxes                  (8,811,880)     (1,284,065)     (7,986,498)      1,573,620

    Income tax
         benefit/(expense)               2,966,856         450,000       2,684,303        (546,000)
                                      ------------    ------------    ------------    ------------

        Net income/(loss) for
          the period                  ($ 5,845,024)   ($   834,065)   ($ 5,302,195)   $  1,027,620
                                      ============    ============    ============    ============



    Net income/(loss) per share:
       Basic                          ($      1.01)   ($      0.14)   ($      0.92)   $       0.18
       Diluted                        ($      1.01)   ($      0.14)   ($      0.92)   $       0.18

    Shares used in computation of
       net income/(loss) per share:
       Basic                             5,792,240       5,760,008       5,792,240       5,755,664
       Diluted                           5,792,240       5,760,008       5,792,240       5,819,933
</TABLE>


    See Notes to Consolidated Financial Statements


<PAGE>




                             FIRST TEAM SPORTS, INC.
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                  For Six Months Ended August 31, 1998 and 1997
                                   (Unaudited)
<TABLE>
<CAPTION>


                                                             August 31,             August 31,
                                                                1998                   1997
                                                         -------------------    --------------------
<S>                                                             <C>                      <C>       
CASH FLOWS FROM OPERATING ACTIVITIES
   Net Income/(Loss)                                            ($5,302,195)             $1,027,620
   Adjustments required to reconcile net
     income/(loss) to net cash provided by
     operating activities:
      Depreciation                                                  627,722                 897,900
      Amortization                                                  580,844                 181,269
      Inventory writedown                                         6,000,000                   -
     Change in assets and liabilities:
       Receivables                                                 (304,290)              2,706,234
       Inventories                                                5,839,980                (375,704)
       Prepaid expenses                                             128,997                  24,137
       Accounts payable                                            (774,523)             (3,068,795)
       Accrued expenses                                            (118,734)                (97,454)
       Income taxes                                              (2,152,891)                144,817
                                                         -------------------    --------------------

       Net cash provided by
         operating activities                                     4,524,910               1,440,024
                                                         -------------------    --------------------


CASH FLOWS FROM INVESTING ACTIVITIES
   Purchases of property and equipment                             (141,739)               (712,487)
   Other                                                           (261,673)                (16,080)
                                                         -------------------    --------------------

       Net cash used in investing activities                       (403,412)               (728,567)
                                                         -------------------    --------------------

CASH FLOWS USED IN FINANCING ACTIVITIES
   Net payments on short-term borrowings                         (3,630,000)             (1,025,000)
   Proceeds on long-term borrowings                                 262,760               1,000,000
   Principal payments on long-term
     borrowings                                                    (540,276)               (438,469)
   Net proceeds from exercise of stock options                        -                      56,683
                                                         -------------------    --------------------

       Net cash used in financing activities                     (3,907,516)               (406,786)
                                                         -------------------    --------------------

       Increase in cash and
         cash equvalents                                            213,982                 304,671

       Effect of foreign currency translation                        (7,200)                  -

Cash and cash equivalents:
   Beginning                                                      1,869,545                 381,427
                                                         -------------------    --------------------

   Ending                                                        $2,076,327                $686,098
                                                         ===================    ====================
</TABLE>


See Notes to Consolidated Financial Statements


<PAGE>


                             FIRST TEAM SPORTS, INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)


NOTE 1.

          The consolidated condensed balance sheet as of August 31, 1998, and
the consolidated statements of operations for the three-month and six-month
periods ended August 31, 1998 and August 31, 1997 and the consolidated
statements of cash flows for the six-month periods then ended have been prepared
by the Company without audit. In the opinion of management, all adjustments
(consisting only of normal recurring accruals) necessary to present fairly the
consolidated financial position, results of operations and cash flows at August
31, 1998 and August 31, 1997 and for all periods presented have been made. The
operating results for the period ended August 31, 1998 are not necessarily
indicative of the operating results to be expected for the full fiscal year.

          Certain information and footnote disclosures normally included in
consolidated financial statements in accordance with generally accepted
accounting principles have been condensed or omitted.

NOTE 2.

         As of March 1, 1998, the Company adopted Financial Accounting Standards
Board Statement No. 130 Report Comprehensive Income ("Statement 130"). Statement
130 establishes new rules for the reporting and display of comprehensive income
and its components; however, the adoption of this statement had no impact on the
Company's net income or shareholders' equity. Statement 130 requires the
Company's foreign currency translation, which prior to adoption was reported
separately in shareholders' equity, to be included in other comprehensive
income. Prior year financial statements have been reclassified to comform to the
requirements of Statement 130.

         During the quarters ended August 31, 1998 and 1997, total comprehensive
income/(loss) amounted to ($6,239,933) and ($834,065), respectively. During the
six-month period ended August 31, 1998 and 1997, total comprehensive
income/(loss) amounted to (($5,903,447) and $1,027,620, respectively.




<PAGE>


NOTE 3.
<TABLE>
<CAPTION>


                                        Basic EPS          Diluted EPS
                                  ------------------    ------------------
                                    1998       1997      1998       1997
                                  -------    -------    -------    -------
                                     (in thousands, except per share data)

THREE MONTHS ENDED AUGUST 31

<S>                               <C>        <C>        <C>        <C>
Net Income/(Loss)                 ($5,845)   ($  834)   ($5,845)   ($  834)
                                  =======    =======    =======    =======

Weighted average common
     shares outstanding             5,792      5,760      5,792      5,760

Stock Options                        --         --         --         --
                                  -------    -------    -------    -------

Total common equivalent
     shares outstanding             5,792      5,760      5,792      5,760
                                  =======    =======    =======    =======

Net Income/(Loss) per share       ($ 1.01)   ($  .14)   ($ 1.01)   ($  .14)




SIX MONTHS ENDED AUGUST 31

Net Income/(Loss)                ($5,302)   $ 1,028    ($5,302)   $ 1,028
                                  =======    =======    =======    =======

Weighted average common
     shares outstanding             5,792      5,756      5,792      5,756

Stock Options                        --         --         --           64
                                  -------    -------    -------    -------

Total common equivalent
     shares outstanding             5,792      5,756      5,792      5,820
                                  =======    =======    =======    =======

Net Income/(Loss) per share       ($  .92)   $   .18    ($  .92)   $   .18
</TABLE>

<PAGE>


Item 2. Management's Discussion and Analysis of Financial Condition and Results
of Operations

RESULTS OF OPERATIONS

         The Company's product groups consist of in-line skates, in-line
accessories and parts (primarily protective wear and replacement wheels and
bearings), roller hockey products, ice hockey sticks and ice hockey protective
wear and accessories. Within the product groups, the Company maintains
UltraWheels, Skate Attack, Heavy and Third World in-line product lines and a
Hespeler ice hockey line. The UltraWheels, Heavy and Third World lines consist
of higher quality and higher priced products that are targeted for the specialty
and sporting goods chain store customers. The Skate Attack line consists of
lower priced products for the mass merchant customers. The Hespeler ice hockey
line consists of high quality products that are targeted primarily at the
specialty and sporting goods chain stores.

         Net Sales. Net sales were $9.2 million in the second quarter of fiscal
1999, a decrease of 9% over the comparable quarter of fiscal 1998 when sales
were $10.1 million. Net sales for the first six months of fiscal 1999 were $24.4
million, compared to $36.1 million for the first six months of fiscal 1998, a
decrease of 32%. In-line skate sales volume decreases, combined with a decrease
in the average selling price of both the Company's Skate Attack and UltraWheels
lines, were the principal factors in the Company's net sales decline in the
second quarter and six-month period of fiscal 1999. The Company experienced
continued pricing pressures from all areas of the market place due primarily to
excess inventory levels and competitive price cutting in the in-line skate
industry.

         In-line skate and in-line accessory and part sales decreased 31% and
25%, respectively, from the second quarter of fiscal 1998 to fiscal 1999, and
have decreased 42% and 39%, respectively from the six-month period of fiscal
1998 to fiscal 1999. Sales of in-line skates accounted for approximately 64% and
74%, respectively, of total sales in the second quarter and for the six-month
period of fiscal 1999, compared to 82% and 85%, respectively, in the second
quarter and for the six-month period of fiscal 1998. Sales of in-line
accessories and parts accounted for approximately 15% and 13%, respectively, of
total sales in the second quarter and for the six-month period of fiscal 1999,
compared to 18% and 15%, respectively, in the second quarter and for the
six-month period of fiscal 1998. Sales of ice hockey sticks and ice hockey
protective wear and accessories accounted for approximately 8% and 13%,
respectively, of total sales in the second quarter and 6% and 7%, respectively,
for the six-month period of fiscal 1999. The Company purchased Hespeler Hockey
Company in September 1997, therefore there were no ice hockey product sales
during the first six months of fiscal 1998.

         The Company currently distributes products to numerous countries
worldwide. Domestic sales were $5.0 million, or 55% of total sales, in the
second quarter and $13.8 million, or 58% of total sales, for the first six
months of fiscal 1999, compared to $7.0 million or 69% in the second quarter and
$23.9 million or 67% for the six-month period of fiscal 1998. Sales in Canada

<PAGE>

were $3.2 million or 35%, and $7.4 million or 30%, of total sales in the second
quarter and for the six-month period of fiscal 1999, respectively, compared to
$1.2 million or 12%, and $5.5 million or 15%, respectively in fiscal 1998. Sales
in Europe were $500,000 or 5%, and $2.6 million or 11%, respectively, of total
sales in the second quarter and for the six-month period of fiscal 1999 compared
to $1.0 million or 10%, and $5.2 million or 14%, respectively, in fiscal 1998.
Other international sales were $500,000 or 5%, and $500,000 or 1%, respectively,
of total sales in the second quarter and for the six-month period of fiscal 1999
compared to $900,000 or 9% and $1.5 million or 4%, respectively, in fiscal 1998.

         Several factors contributed to the Company's reduced sales in the
second quarter and the six-month period of fiscal 1999. The decrease in domestic
sales is the result of continued excess inventory levels in the market place and
competitive price cutting which has continued to plague the in-line skate
industry, as well as certain large mass merchant customers buying in-line
products direct from Pacific Rim manufacturers. The increased sales in Canada
were primarily the result of Hespeler ice hockey product sales and the continued
strong acceptance of the Company's in-line products in Canada. The decrease in
European sales is primarily the result of excess inventory levels in the
European market and an increase in the number of customers buying direct from
Pacific Rim manufacturers. The decrease in other international sales is
primarily the result of continued excess inventory levels in both the Pacific
Rim and South American marketplaces.

         Gross Margin As a percentage of net sales, the gross margin was (53%)
in the second quarter of fiscal 1999 compared to 21% in the second quarter of
fiscal 1998. The gross margin as a percentage of net sales for the six-month
period of fiscal 1999 was (2%), compared to 25 % for fiscal 1998.

         The negative gross margin in the second quarter and for the six-month
period is primarily due to the Company's decision to write-down questionable
inventory as part of a change in the Company's production philosophy for the
future. In an effort to reduce future product costs, the Company expects to
shift the majority of its in-line skate production to offshore sources. This
decision rendered certain inventory, predominately unfinished goods and
component parts inventories located in the United States, of questionable value.
The total amount of the inventory write-down was approximately $6 million, which
was recorded in cost of goods sold in the second quarter Statement of
Operations.

         The Company's UltraWheels brand of in-line skates accounted for
approximately 57% and 62%, respectively, of total in-line skate sales in the
second quarter and for the six-month period of fiscal 1999, compared to 39% and
59% ,respectively in fiscal 1998, while the Company's Skate Attack brand
accounted for 43% and 38%, respectively, of total in-line skate sales in the
second quarter and for the six-month period of fiscal 1999 compared to 61% and
41%, respectively in fiscal 1998.

         Operating Expenses. Selling expenses were $1.4 million or 14.9% of
total net sales in the second quarter and $2.8 million or 11.4% of total net
sales for the six-month period of fiscal 1999, compared to $1.2 million or 12.0%
in the second quarter and $3.3 million or 9.0% for the six-month period of
fiscal 1998. The increase in selling expenses for the second quarter and the
increase in the selling expenses as a percentage of net sales in both the second

<PAGE>

quarter and six-month period was primarily due to the Company's continued
efforts to advertise and market the Company's two new subsidiaries Hespeler
Hockey and Mothership Distribution and the Company's new products. The decrease
in the absolute dollar amount of selling expenses for the six-month period in
fiscal 1999 is primarily the result of a reduction in commissions, royalties and
co-op advertising costs associated with the decreased sales volume and
management's efforts to closely monitor and control its expenditures.

         General and administrative expenses were $2.2 million or 24.1% of total
net sales in the second quarter and $4.0 million or 16.3% of total net sales for
the six-month period of fiscal 1999 compared to $2.0 million or 19.3 % in the
second quarter and $3.8 million or 10.4% for the six-month period of fiscal
1998. The increase in general and administrative expenses in the second quarter
and in the six-month period of fiscal 1999 was primarily due to the
administrative costs associated with the Company's new offices for its
subsidiaries Hespeler and Mothership, which were purchased in September 1997 and
the administrative costs associated with the Company's European subsidiary which
was opened in August 1997.

         In fiscal 1997 the Company purchased a new software system and
appropriate computer hardware. As part of the Company's selection process the
ability to recognize the year 2000 was a major requirement and thus the Company
believes it is prepared for the change. The Company is currently working to
resolve the potential impact of the year 2000 on the processing of date
sensitive information by the Company's computerized information systems, which
might occur due to vendors and/or customers not being ready. Based on
preliminary information, costs of addressing potential problems are currently
not expected to have a material adverse impact on the Company's financial
position, results of operations or cash flows in future periods.

         Other Income and Expense. Interest expense was $322,000 in the second
quarter and $681,000 for the six-month period of fiscal 1999 compared to
$273,000 in the second quarter and $523,000 for the six-month period of fiscal
1998. The increase in interest expense for the both the second quarter and the
six-month period is primarily due to an increase in the interest expense related
to the Company's line of credit facility. This interest expense increase is the
result of additional cash required to manage and operate the day to day
activities of the Company's subsidiaries, which has resulted in an increase in
the average outstanding balance on the Company's line of credit facility during
the second quarter and for the six-month period of fiscal 1999 as compared to
the same periods of fiscal 1998.

         Provision for Income Taxes. The Company's effective tax rate was 33.7%
and 33.6%, respectively, in the second quarter and the six-month period of
fiscal 1999 compared 35% and 34.7%, respectively, in the second quarter and
six-month period of fiscal 1998. The slight decrease in 1999 is primarily due to
the lower effective state and foreign tax rates and the related percentage of
state and foreign revenues.


<PAGE>

         Net Income/(Loss). The Company had a net loss of ($5.8) million or
($1.01) per share in the second quarter of fiscal 1999 compared to a net loss of
($834,000) or ($.14) per share in fiscal 1998. The Company had a net loss of
($5.3) million or ($.92) per share for the six-month period of fiscal 1999
compared to net income of $1 million or $.18 per share in fiscal 1998. The
increase in losses for the both the second quarter and the six-month period can
be attributed to the significant decrease in both the sales volume and the gross
margins, the large write down of inventory, along with the increase in operating
expenses as discussed above.


LIQUIDITY AND CAPITAL RESOURCES

         In the six-month period of fiscal 1999, the Company's operations
provided $4.5 million of cash compared to $1.4 million in the six-month period
of fiscal 1998. The increase in the net cash provided by operations is primarily
the result of the Company reducing its inventory balances. While the Company's
inventories have been reduced by approximately 52% since February 1998,
management believes that its inventories need to be controlled and is continuing
its efforts for effectively reducing unneeded inventory.

         Net cash used in investing activities was $403,000 in the six-month
period of fiscal 1999 compared to $729,000 in the six-month period of fiscal
1998. The use of cash for this activity was primarily attributable to
expenditures relating to new licensing arrangements and new production tools in
1999.

         Net cash used in financing activities was $3.9 million in the six-month
period of fiscal 1999 compared to $407,000 in the six-month period of fiscal
1998. The use of cash for this activity was primarily for paying down the
Company's line of credit facility and long term debt obligations.

         The Company's debt to worth ratio was .7 to 1 as of August 31, 1998,
compared to .7 to 1 as of February 28, 1998 and .5 to 1 as of August 31, 1997.
The Company's long-term debt, which consists primarily of a mortgage note on the
Company's facility and obligations under endorsement license agreements, less
current maturities, was $6.3 million as of August 31, 1998. The Company has a
revolving line of credit with a bank that provides for borrowings of up to $15
million, of which $5.1 million was outstanding at August 31, 1998 and $4.5
million at October 6, 1998. In addition, the Company has a line of credit
established with the bank providing for borrowings of up to $1 million for the
purchase of equipment and improvements. As of August 31, 1998 there was a
$583,000 balance outstanding on this credit facility.

         In connection with these credit facilities, the Company agreed, among
other things, to maintain certain minimum financial ratios and income levels.
Due primarily to the Company's writedown of inventory, the Company is not in
compliance with certain of these credit facility covenants. The Company is
currently negotiating an amendment to its current credit facility.

         The Company believes its current cash position, funds available under
existing and amended bank arrangements and cash generated from operations will
be sufficient to finance the Company's operating requirements through fiscal
1999.


<PAGE>


                                     PART II
                                OTHER INFORMATION



Item 4.  Submission of Matters to a Vote of Security Holders.

         (a)      The Company held its Annual Meeting on July 8, 1998.

         (b)      Proxies for the Annual Meeting were solicited pursuant to
                  Regulation 14 under the Securities Exchange Act of 1934. There
                  was no solicitation in opposition to management's nominees as
                  listed in the proxy statement, and all of such nominees were
                  elected.

                  The shareholders set the number of directors at six (6) by a
                  vote of 4,949,515 shares in favor, 126,223 shares against and
                  29,043 shares abstaining. The following persons were elected
                  to serve as directors of the Company until the next annual
                  meeting of shareholders with the following votes:

                                            Number of           Number of
                  Nominee                   Votes For        Votes Withheld
                  -------                   ---------        --------------
                  John J. Egart             4,945,285           130,453
                  David G. Soderquist       4,944,465           131,273
                  Joe Mendelsohn            4,945,215           130,523
                  Timothy G. Rath           4,943,335           132,403
                  Stanley E. Hubbard        4,926,935           148,803
                  William J. McMahon        4,936,215           139,523

                  The shareholders approved an increase in the number of shares
                  reserved under the Company's 1994 stock option and incentive
                  compensation from 925,000 to 1,325,000 by a vote of 1,751,171
                  shares in favor, 552,457 shares against and 34,916 shares
                  abstaining, which votes excluded 2,766,237 shares ("broker
                  non-votes").


Item 6.  Exhibits and Reports on Form 8-K

         (a)      Exhibits. See Exhibit Index immediately following the
                  signature page of this Form 10-Q.

         (b)      Reports on Form 8-K. No reports on Form 8-K were filed by the
                  Registrant during the quarter to which this Form 10-Q relates.


<PAGE>


                                   SIGNATURES

          Pursuant to the requirements of Section 13 or 15(d) 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.



                                            FIRST TEAM SPORTS, INC.


                                            By: /s/ John J. Egart
                                            John J. Egart
                                            President and CEO



                                        and By: /s/ Kent A. Brunner
                                            Kent A. Brunner
                                            Vice President and CFO




Dated:   October 12, 1998


<PAGE>


                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                           EXHIBIT INDEX TO FORM 10-Q

For Quarter Ended:                                 Commission File No.:  0-16422
August 31, 1998
       -------------------------------------------------------------------

                             FIRST TEAM SPORTS, INC.
      -------------------------------------------------------------------

Exhibit 
Number    Description

3.1      Restated Articles of Incorporation -- incorporated by reference to
         Exhibit 3.1 to the Company's Form 10-K for the year ended February 28,
         1998

3.2      Bylaws -- incorporated by reference to Exhibit 3.2 to the Company's
         Registration Statement on Form S-18 Reg. No. 33-16345C

4.1      Specimen of Common Stock Certificate--incorporated by reference to 4.1
         to the Registrant's Annual Report on Form 10-K for the fiscal year
         ended February 28, 1991

4.2      Certificate of Designations of Series A Preferred Stock (included in
         Restated Articles of Incorporation -- see Exhibit 3.1)

4.3      Rights Agreement dated as of March 15, 1996 between the Company and
         Norwest Bank Minnesota, N.A. as Rights Agent -- incorporated by
         reference to Exhibit 2.1 to the Company's Registration Statement on
         Form 8-A, Reg. No. 0-16422

4.4      Form of Right Certificate -- incorporated by reference to Exhibit 2.2
         to the Company's Registration Statement on Form 8-A, Reg. No. 0-16422

4.5      Summary of Rights to Purchase Share of Series A Preferred Stock-
         incorporated by reference to Exhibit 2.3 to the Company's Registration
         Statement of Form 8-A, Reg. No. 0-16422

10.1*    1994 Stock Option and Incentive Compensation Plan, as amended through
         May 27, 1998**

27*      Financial Data Schedule (included in electronic version only)


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*Filed herewith
** Management contract or compensatory plan or arrangement