<PAGE>   1
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D. C. 20549
                                    FORM 10-Q

(Mark One)

(X)      QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES
         EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 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 1-8769
                                                 ------

                             R. G. BARRY CORPORATION
                             ------------------------
             (Exact name of registrant as specified in its charter)

                       OHIO                               31-4362899
--------------------------------------------------------------------------------
        (State or other jurisdiction                     (IRS Employer
        of incorporation or organization)            Identification Number)

   13405 Yarmouth Road NW, Pickerington, Ohio                 43147
--------------------------------------------------------------------------------
    (Address of principal executive offices)                (Zip Code)

                                  614-864-6400
                                  ------------
              (Registrant's telephone number, including area code)

                                 NOT APPLICABLE
                                 --------------
   (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 _________

    Common Shares, $1 Par Value, Outstanding as of June 30, 2001 - 9,372,907
                                                   -------------------------



                                     Page 1

<PAGE>   2

                         PART I - FINANCIAL INFORMATION
                          ITEM 1 - FINANCIAL STATEMENTS
                    R. G. BARRY CORPORATION AND SUBSIDIARIES
                           CONSOLIDATED BALANCE SHEETS

<TABLE>
<CAPTION>
                                                             June 30, 2001      December 30, 2000
                                                             -------------      -----------------
                                                                         (in thousands)
<S>                                                            <C>                     <C>
ASSETS:
   Cash and cash equivalents                                   $  3,327                6,930
   Accounts receivable, less allowances                           9,597               21,595
   Inventory                                                     46,449               32,796
   Deferred and recoverable income taxes                          9,436                7,221
   Prepaid expenses                                               1,290                1,726
                                                               --------             --------
         Total current assets                                    70,099               70,268
                                                               --------             --------

   Property, plant and equipment, at cost                        40,128               40,187
      Less accumulated depreciation & amortization               28,868               28,446
                                                               --------             --------
         Net property, plant and equipment                       11,260               11,741
                                                               --------             --------

   Goodwill, net of amortization                                  1,985                2,266
   Other assets                                                   5,326                5,274
                                                               --------             --------
                                                               $ 88,670               89,549
                                                               ========             ========

LIABILITIES AND SHAREHOLDERS' EQUITY:
   Current installments of long-term debt                         2,432                2,432
   Short-term notes payable                                       4,000                 --
   Accounts payable                                               8,860                6,206
   Accrued expenses                                               3,447                6,077
                                                               --------             --------
         Total current liabilities                               18,739               14,715
                                                               --------             --------

   Accrued retirement costs and other, net                        7,819                7,451

   Long-term debt, excluding current installments                 7,409                7,637
                                                               --------             --------
         Total liabilities                                       33,967               29,803
                                                               --------             --------

   Minority interest                                                325                  294

   Shareholders' equity:
      Preferred shares, $1 par value
         Authorized 3,775 Class A shares,
         225 Series I Junior Participating
         Class A shares,
         and 1,000 Class B shares, none issued                     --                   --
      Common shares, $1 par value
         Authorized 22,500 shares
         (excluding treasury shares of 979 and 980)               9,373                9,371
      Additional capital in excess of par value                  12,089               12,069
      Deferred compensation                                        (397)                (461)
      Accumulated other comprehensive loss                         (605)                (337)
      Retained earnings                                          33,918               38,810
                                                               --------             --------
           Net shareholders' equity                              54,378               59,452
                                                               --------             --------
                                                               $ 88,670               89,549
                                                               ========             ========
</TABLE>

                                     Page 2
<PAGE>   3


                    R. G. BARRY CORPORATION AND SUBSIDIARIES

                      CONSOLIDATED STATEMENTS OF OPERATIONS

<TABLE>
<CAPTION>
                                            Thirteen weeks ended           Twenty-six weeks ended
                                            --------------------           ----------------------
                                       June 30, 2001   July 1, 2000     June 30, 2001    July 1, 2000
                                       -------------   ------------     -------------    ------------
                                                   (in thousands, except per share amounts)
<S>                                     <C>                <C>              <C>              <C>
Net sales                               $ 16,958           22,241           42,505           46,479
Cost of sales                             11,257           16,380           27,515           31,971
                                        --------         --------         --------         --------
   Gross profit                            5,701            5,861           14,990           14,508
Selling, general and
   administrative expense                 11,374           11,401           22,616           23,427
                                        --------         --------         --------         --------
Operating loss                            (5,673)          (5,540)          (7,626)          (8,919)

Other income                                 200              179              400              386
Proceeds from litigation, net of
   expenses incurred                        --               --               --              4,476

Interest expense                            (230)            (317)            (424)            (597)
Interest income                               61               33              197              107
                                        --------         --------         --------         --------
   Net interest expense                     (169)            (284)            (227)            (490)

Loss before income
   tax benefit                            (5,642)          (5,645)          (7,453)          (4,547)
Income tax benefit                         2,059            2,073            2,592            1,662
Minority interest, net of tax                  4              (16)             (31)             (50)
                                        --------         --------         --------         --------
   Net loss                             ($ 3,579)          (3,588)          (4,892)          (2,935)
                                        ========         ========         ========         ========

Net loss
  per common share
      Basic                             ( $0.38)            (0.38)           (0.52)           (0.31)
                                        ========         ========         ========         ========
      Diluted                           ( $0.38)            (0.38)           (0.52)           (0.31)
                                        ========         ========         ========         ========

Average number of common
   shares outstanding
      Basic                                9,379            9,384            9,379            9,375
                                        ========         ========         ========         ========
      Diluted                              9,379            9,384            9,379            9,375
                                        ========         ========         ========         ========
</TABLE>

                                     Page 3

<PAGE>   4

                    R. G. BARRY CORPORATION AND SUBSIDIARIES

                 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

<TABLE>
<CAPTION>
                                                             Twenty-six weeks ended
                                                          June 30, 2001    July 1, 2000
                                                          -------------    ------------
                                                                 (in thousands)
<S>                                                         <C>              <C>
Cash flows from operating activities:
   Net loss                                                 ($ 4,892)        ($ 2,935)
   Adjustments to reconcile net loss to net cash
      provided by (used in) operating activities:
         Depreciation and amortization of
            property, plant and equipment                        909            1,114
         Amortization of goodwill                                 68               67
         Amortization of deferred compensation                    66               87
         Minority interest                                        31               50
         Changes in:
            Accounts receivable, net                          11,904           (2,088)
            Inventory                                        (13,783)          (9,769)
            Prepaid expenses                                     383              376
            Deferred and recoverable income taxes             (2,215)          (1,498)
            Other                                                 11              (44)
            Accounts payable                                   2,760           (1,219)
            Accrued expenses                                  (2,586)          (1,634)
            Accrued retirement costs and other                   367              849
                                                            --------         --------
               Net cash used in operating activities          (6,977)         (16,644)
                                                            --------         --------

Cash flows from investing activities:
   Additions to property, plant and equipment, net              (496)            (250)
                                                            --------         --------

Cash flows from financing activities:
   Proceeds from (repayments of) long-term debt, net             (86)           1,348
   Proceeds from short-term notes, net                         4,000            8,318
   Other                                                          21             --
                                                            --------         --------
         Net cash provided by financing activities             3,935            9,666
                                                            --------         --------

Effect of exchange rates on cash                                 (65)              85
                                                            --------         --------

Net decrease in cash                                          (3,603)          (7,143)
Cash at the beginning of the period                            6,930           10,006
                                                            --------         --------
Cash at the end of the period                               $  3,327            2,863
                                                            ========         ========

Supplemental cash flow disclosures:
   Interest paid                                            $    452              584
                                                            ========         ========
   Income taxes paid                                        $    119              854
                                                            ========         ========
</TABLE>



                                     Page 4
<PAGE>   5


                    R. G. BARRY CORPORATION AND SUBSIDIARIES
        Notes to Financial Statements Under Item 1 of Part I of Form 10-Q
              for the periods ended June 30, 2001 and July 1, 2000

1.   These interim financial statements are unaudited. All adjustments
     (consisting solely of normal recurring adjustments) have been made which,
     in the opinion of management, are necessary to fairly present the results
     of operations.

2.   The Company operates on a fifty-two or fifty-three week annual fiscal year,
     ending annually on the Saturday nearest December 31. Fiscal 2001 and 2000
     are both fifty-two week years.

3.   Income tax benefit for the periods ended June 30, 2001 and July 1, 2000,
     consists of:

<TABLE>
<CAPTION>
                                                                 2001                  2000
                                                                 ----                  ----
                                                                       (in thousands)
<S>                                                                   <C>                  <C>
                   Current and deferred:
                        U. S. Federal                             ($ 2,391)              (1,522)
                        State & Local                                 (201)                (140)
                                                                 ---------            ---------
                             Total                                ($ 2,592)              (1,662)
                                                                 =========            =========
</TABLE>


     The income tax benefit reflects a combined federal, foreign, state and
     local effective rate of approximately 34.8 percent and 36.6 percent for the
     first half of 2001 and 2000, respectively, as compared to the statutory U.
     S. federal rate of 34.0 percent in both years.

     Income tax benefit for the periods ended June 30, 2001 and July 1, 2000
     differed from the amounts computed by applying the U. S. federal income tax
     rate of 34.0 percent to pretax loss, as a result of the following:

<TABLE>
<CAPTION>
                                                                    2001                 2000
                                                                    ----                 ----
                                                                         (in thousands)
<S>                                                                <C>                   <C>
                   Computed "expected"  tax (benefit):
                        U. S. Federal benefit                      ($ 2,534)             (1,546)
                        Foreign and other, net                           75                 (25)
                        State & Local benefit, net of
                          federal income taxes                         (133)                 (91)
                                                                  ---------             --------
                             Total                                 ($ 2,592)              (1,662)
                                                                  =========             ========
</TABLE>


4.   Basic loss per common share has been computed based on the weighted average
     number of common shares outstanding during each period. Diluted loss per
     common share is based on the weighted average number of outstanding common
     shares during the period, plus, when their effect is dilutive, potential
     common shares consisting of certain common shares subject to stock options
     and the stock purchase plan.

5.   Effective in 2000, the Company changed its inventory costing method for its
     domestic inventories of company-manufactured soft washable slippers from
     the Last-In, First-Out (LIFO) method to the First-In, First-Out (FIFO)
     method. Certain financial information in prior periods has been
     retroactively restated to reflect the change in method of accounting for
     inventory costs from LIFO to FIFO.

     Inventory by category for the Company consists of the following:

<TABLE>
<CAPTION>
                                                                   June 30,         December 30,
                                                                     2001               2000
                                                                     ----               ----
                                                                           ( in thousands)
<S>                                                               <C>                   <C>
                   Raw materials                                  $ 12,253              $ 7,739
                   Work in process                                   2,879                1,708
                   Finished goods                                   31,317               23,349
                                                                    ------               ------
                        Total inventory                             46,449               32,796
                                                                    ======               ======
</TABLE>


                                     Page 5

<PAGE>   6

                    R. G. BARRY CORPORATION AND SUBSIDIARIES
                          Notes to Financial Statements
                     Under Item 1 of Part I of Form 10-Q for
          the periods ended June 30, 2001 and July 1, 2000 - continued

6.   Segment Information - The Company manufactures and markets comfort footwear
     for at- and around-the-home and supplies thermal retention technology
     products. The Company considers its "Barry Comfort" at- and around-the-home
     comfort footwear groups in North America and in Europe, and the thermal
     retention technology group, "Thermal", as its three operating segments. The
     accounting policies of the operating segments are substantially similar,
     except that the disaggregated information has been prepared using certain
     management reports, which by their very nature require estimates. In
     addition, certain items from these management reports have not been
     allocated among the operating segments, including such items as a) costs of
     certain administrative functions, b) current and deferred income tax
     expense (benefit) and deferred tax assets (liabilities), and c) in some
     periods, certain other operating provisions.

<TABLE>
<CAPTION>
                                            Barry Comfort
                                            -------------
              2001                     North                                       Intersegment
         (in thousands)               America         Europe         Thermal        Eliminations      Total
                                      -------        ------          -------        ------------      -----
<S>                                 <C>              <C>             <C>                              <C>
Net sales                           $ 34,899         $ 5,176         $ 2,430                         $ 42,505
Depreciation and
      Amortization                       717             103              89                              909
Interest income                          128                              20               49             197
Interest expense                         410              14             (49)              49             424
Pre tax earnings (loss)               (5,939)           (532)           (982)                          (7,453)
Additions to property, plant
     And equipment, net                  351             145            --                                496
Total assets devoted                $ 78,003         $ 7,880         $ 5,548         ($ 2,761)        $88,670
                                    ========         =======         =======         ========         =======
</TABLE>


<TABLE>
<CAPTION>
                                           Barry Comfort
                                           -------------
              2000                   North                                      Intersegment
         (in thousands)             America           Europe         Thermal    Eliminations         Total
                                    -------           ------         -------    ------------         -----
<S>                                 <C>              <C>             <C>              <C>          <C>
Net sales                           $ 37,850         $ 6,722         $1,960           ($53)        $ 46,479
Depreciation and
      Amortization                       873             128            113                           1,114
Interest income                          218            --             --             (111)             107
Interest expense                         580              17            111           (111)             597
Litigation proceeds, net                                              4,476                           4,476
Pre tax earnings (loss)               (6,112)           (877)         2,392             50           (4,547)
Additions to property, plant
     And equipment, net                  164              86           --                               250
Total assets devoted                $ 88,429         $ 7,633         $2,497        ($2,040)        $ 96,519
                                    ========         =======         ======        =======         ========
</TABLE>


7.   Restructuring Charges - Previously, the Company announced plans to reduce
     costs and improve operating efficiencies, and recorded restructuring
     charges as a component of operating expense. The following schedule
     highlights actual activities through June 30, 2001.

<TABLE>
<CAPTION>
                                           As of                                                                 As of
                                         Dec. 30,           Charges        Estimate                            June 30,
                                           2000             In 2001       Adjustments     Paid in 2001           2001
                                           ----             -------       -----------     ------------           ----
                                                                         (in thousands)
<S>                                       <C>                <C>              <C>                <C>             <C>
Employee separations                       $  527                 -                -               254              273
Noncancelable lease costs                     499                40            ( 282)               89              168
                                          -------            ------           -------            -----           ------
Restructuring costs                       $ 1,026            $   40           $( 282)            $ 343           $  441
                                          =======            ======           =======            =====           ======
</TABLE>



                                     Page 6

<PAGE>   7

                    R. G. BARRY CORPORATION AND SUBSIDIARIES
      ITEM 2 - Management's Discussion and Analysis of Financial Condition
                            and Results of Operations

Liquidity and Capital Resources
-------------------------------
We ended the second quarter of 2001 with $51.4 million in net working capital.
This compares with $53.9 million at the end of the same quarter in 2000, and
$55.2 million at the end of fiscal 2000.

Our capital expenditures during the first half of 2001, amounted to $496
thousand, compared with $250 thousand during the same period of 2000. Capital
expenditures during the first half of both 2001 and 2000 represent usual
patterns of replacement of capital equipment. Capital expenditures in both
periods have been funded out of working capital.

The decrease in net working capital from the end of the second quarter of 2000
to the end of the second quarter of 2001 is primarily the result of the loss we
incurred in the first half of 2001.

Highlights of the significant changes in the components of net working capital
are:
-    We ended the second quarter of 2001, with $3.3 million in cash and $4
     million in short-term bank loans. This compares with the second quarter of
     2000, when we had $2.9 million in cash and $9 million in short-term bank
     loans. There were no short-term bank loans outstanding at the end of fiscal
     2000.
-    Accounts receivable at the end of the second quarter of 2001, at $9.6
     million, are approximately $2.1 million lower than the $11.7 million at the
     end of the second quarter of 2000, largely due to the lower net sales
     realized in the second quarter of 2001 compared with 2000. The decrease in
     accounts receivable from the $21.6 million at the end of fiscal 2000,
     represents a normal seasonal pattern of change in receivables.
-    Inventories at the end of the second quarter of 2001, at $46.4 million, are
     about $4.4 million lower than inventory levels of $50.8 million one year
     ago, although increased from $32.8 million at the end of fiscal 2000. The
     decrease in inventories from the end of the second quarter of 2000 to the
     end of the second quarter of 2001 is the result of the implementation of
     our plan to reduce inventory levels, and thus lower the exposure and risk
     of obsolescence attendant to carrying excess amounts of inventories. The
     seasonal increase in inventories from the end of fiscal 2000 reflects a
     normal seasonal pattern of change in inventories in anticipation of
     supporting sales later in the year.

We currently have in place an unsecured Revolving Credit Agreement ("Revolver").
The Revolver became effective in March 2001 and replaced the previous revolving
credit agreement that we believe contained more restrictive financial covenants.
The Revolver, which extends through February 2002, provides a seasonally
adjusted available line of credit ranging from zero during the month of January,
to a peak of $30 million from April through November. The Revolver contains a
number of financial covenants, including: limitations on incurrence of
additional debt and liens, maintenance of minimum seasonal tangible net worth,
limitations on dividends and other restricted payments, and minimum seasonal
earnings before taxes, interest, amortization and depreciation. We believe that
the covenants are not uncommon for agreements of its type and duration. We are
in compliance with all the covenants of the Revolver, and all other debt
agreements.

Impact of Recently Issued Accounting Standards
----------------------------------------------
The FASB issued Statement No. 138, "Accounting for Certain Derivative
Instruments and Certain Hedging Activities - an Amendment of FASB Statement No.
133", which is required to be adopted in fiscal years beginning after June 15,
2000. We have adopted the new Statement effective in 2001. The Statement
requires companies to recognize all derivatives on the balance sheet at fair
value. The adoption of this Statement did not have a significant effect on our
results of operations or financial position.

In July 2001, the FASB issued Statement No. 142, Goodwill and Other Intangible
Assets. Statement 142, which the Company is required to adopt effective in 2002,
will require that goodwill and intangible assets with indefinite useful lives no
longer be amortized, but instead tested for impairment at least annually.

                                     Page 7

<PAGE>   8

           Management's Discussion and Analysis of Financial Condition
                      and Results of Operations - continued

At the beginning of fiscal 2002, the Company expects to have unamortized
goodwill in the amount of $1.9 million. Amortization expense related to goodwill
was $136 thousand and $68 thousand for the year ended December 30, 2000 and the
six months ended June 30, 2001, respectively. Because of the extensive effort
needed to comply with adopting Statement 142, it is not practicable to
reasonably estimate the impact of adoption on the Company's financial statements
at the date of this report.

Results of Operations
---------------------
During the second quarter of 2001, net sales amounted to $17.0 million, a 23.8
percent decrease compared with sales of $22.2 million during the same quarter in
2000. For the six months, net sales amounted to $42.5 million, an 8.6 percent
decrease in net sales when compared with the first six months of 2000. A portion
of the decline in net sales is reflects a trend among retailers to ask for
delivery of goods closer to the selling periods, while a portion of the decline
relates to the volume of low margin, out-of-season, close-out merchandise that
we sold in the first half of 2000. During the first half of 2001, there was
substantially less volume in this merchandise. The effect was a decline in net
sales for the periods ended June 30, 2001. There was, however, an improvement in
our overall gross profit margins, and the decline in net sales had only a small
impact on relative profitability for the periods. (See also note 6 of notes to
the consolidated financial statements for selected segment information.)

Gross profit during the second quarter, amounted to $5.7 million, or 33.6
percent of net sales. This compares with gross profit of $5.9 million, or 26.4
percent of net sales in the same quarter of 2000. For the six months, gross
profit as a percent of net sales increased to 35.3 percent in 2001 compared with
31.2 percent in 2000. As noted above, in 2001, there was a much smaller portion
of net sales represented by low-margin out-of-season merchandise and a larger
portion represented by full margin sales of Dearfoams(R) and our other branded
products, as well as our unbranded products sold to mass markets.

Selling, general and administrative expenses during the quarter amounted to
$11.4 million, nearly flat with the same quarter one year ago. For the six
months, these expenses amounted to $22.6 million, a decline from the $23.4
million in the same six months last year. The decline reflects a planned
reduction in expense following various restructuring activities dating from 1999
and 2000.

During the first half of 2000, we reached a resolution of patent infringement
litigation with Domino's Pizza, Inc. As a part of the settlement of the
litigation, we received a $5 million cash payment in early April 2000. There was
no comparable one-time gain to be recognized in the comparable periods in 2001.

Net interest expense decreased for both the second quarter and the first half of
2001 compared with 2000. During the second quarter of 2001, net interest expense
amounted to $169 thousand compared with $284 thousand in the first quarter of
2000. For the six months, net interest expense in 2001 amounted to $227
thousand, compared with $490 thousand in 2000. Throughout most of the first half
of 2001, we have been more liquid than in comparable periods of 2000. The
combination of improved liquidity and lower market interest rates has lead to
the decline in net interest expense.

For the second quarter of 2001, we incurred a net loss of $3.6 million, or $0.38
per share, slightly improved from the net loss incurred during the same quarter
of 2000. For the six months, we incurred a net loss in 2001 of $4.9 million, or
$0.52 per share, compared with a net loss of $2.9 million, or $0.31 per share
during the same period in 2000. The results of operations for the six months of
2000 include the settlement of the patent infringement litigation. We estimate
that without the settlement payment (and net of the litigation expenses
incurred), we would have incurred a net loss after taxes for the first half of
2000 of approximately $5.8 million, or $0.62 per share. Per share calculations
for both years are the same for both basic loss per share and diluted loss per
share.

Effective in 2000, we changed the method of accounting for costs of domestic
inventories of company-manufactured soft washable slippers from the Last-in,
First-Out method to the First-in, First-Out method. The effects of this change
have been applied retroactively by restating the financial statements for all
prior periods presented.

                                     Page 8
<PAGE>   9

           Management's Discussion and Analysis of Financial Condition
                      and Results of Operations - continued




--------------------------------------------------------------------------------
"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF
1995:

The statements in this Quarterly Report on Form 10-Q, which are not historical
fact are forward-looking statements based upon our current plans and strategies,
and reflect our current assessment of the risks and uncertainties related to our
business, including such things as product demand and market acceptance; the
economic and business environment and the impact of governmental regulations,
both in the United States and abroad; the effects of direct sourcing by
customers of competitive products from alternative suppliers; the effect of
pricing pressures from retailers; loss of significant customers in connection
with a merger or acquisition, bankruptcy or other circumstance; inherent risks
of international development, including foreign currency risks, the
implementation of the Euro, economic, regulatory and cultural difficulties or
delays in our business development outside the United States; our ability to
improve processes and business practices to keep pace with the economic,
competitive and technological environment; the availability and costs of
financing; capacity, efficiency, and supply constraints; weather; and other
risks detailed in our press releases, shareholder communications, and Securities
and Exchange Commission filings. Actual events affecting us and the impact of
such events on our operations may vary from those currently anticipated.
--------------------------------------------------------------------------------


       ITEM 3 - Quantitative and Qualitative Disclosures About Market Risk

Market Risk Sensitive Instruments - Foreign Currency
----------------------------------------------------
We transact business in various foreign countries. Our primary foreign currency
net cash outflows occur in Mexico. We do not hedge anticipated foreign currency
net cash outflows in the Mexican Peso, as the Peso generally has declined in
value over time, when compared with the U. S. Dollar. In addition, forward
contracts in this currency are not normally economically available.

Our primary foreign currency net cash inflows are generated from Canada and
Western Europe, and to a lesser extent from Mexico. We do, at times, employ a
foreign currency hedging program utilizing currency forward exchange contracts
for anticipated net cash inflows in Canada and Western Europe. Under this
program, increases or decreases in net local operating revenue and expenses as
measured in U. S. Dollars are partially offset by realized gains and losses on
hedging instruments. The goal of the hedging program is to economically fix the
exchange rates on projected foreign currency net cash inflows. Foreign currency
forward contracts are not used for trading purposes.

All foreign currency contracts are marked-to-market and unrealized gains and
losses are included in the current period's calculation of net income. Because
not all economic hedges qualify as accounting hedges, unrealized gains and
losses may be recognized in net income in advance of the actual projected net
foreign currency cash flows. This often results in a mismatch of accounting
gains and losses, and transactional foreign currency net cash flow gains and
losses.

We believe that the impact of foreign currency forward contracts is not material
to our financial condition or results of operations. At the end of the second
quarter of 2001, there were no foreign currency contracts outstanding.


                                     Page 9

<PAGE>   10

                           PART II - OTHER INFORMATION

Item 1.  Legal Proceedings
--------------------------

         Not applicable

Item 2.  Changes in Securities and Use of Proceeds
--------------------------------------------------

         (a)  Not Applicable
         (b)  Not Applicable
         (c)  On May 2, 2001, R. G. Barry Corporation ("R. G. Barry") issued
              warrants to purchase an aggregate of 25,000 common shares, $1.00
              par value, to a consulting firm as part of the consideration for
              consulting services provided by that firm to R. G. Barry. The per
              share exercise price of the warrants is $2.70. The per share
              warrants are immediately exercisable and will expire on March 22,
              2004. The warrants were issued in reliance upon the exemption from
              registration provided by Section 4 (2) under the Securities Act of
              1933 (the "1933 Act") based upon representations from the
              consulting firm that it is an accredited investor within
              definition of Regulation D under the 1933 Act and the warrants
              were acquired for investment for its own account and not with a
              view to resale.
         (d)  Not Applicable

Item 3.  Defaults Upon Senior Securities
----------------------------------------

         (a), (b) Not Applicable

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

         (a) R. G. Barry Corporation's Annual Meeting of Shareholders (the
         "Annual Meeting") was held on May 10, 2001. At the close of business on
         the record date, March 15, 2001, 9,372,907 common shares were
         outstanding and entitled to vote at the Annual Meeting. At the Annual
         Meeting, 8,170,282, or 87.2% of the outstanding common shares entitled
         to vote were represented in person or by proxy.

<TABLE>
<CAPTION>
<S>                                       <C>                         <C>                             <C>
         (b)      Directors elected at the Annual Meeting were:
              Edward M. Stan
                  For:                       8,000,338
                  Withheld:                    169,944                 Broker non-vote:                 none

              Daniel D. Viren
                  For:                       7,942,904
                  Withheld:                    227,378                 Broker non-vote:                 none
              Philip G. Barach
                  For:                       8,000,849
                  Withheld:                    169,433                 Broker non-vote:                 none

              Other directors whose term of office continued after the Annual Meeting:
              Gordon Zacks                  Christian Galvis           Roger E. Lautzenhiser            Harvey
              A. Weinberg
              Harvey M. Krueger             Janice Page                William Lenich

          (c)     See Item 4(b) for the voting results for directors

          (d)     Not Applicable
</TABLE>

Item 5.  Other Information
--------------------------

         No response required


                                     Page 10

<PAGE>   11

                     PART II - OTHER INFORMATION - continued


Item 6. Exhibits and Reports on Form 8-K
----------------------------------------

         (a) EXHIBITS: No response required

         (e) REPORTS ON FORM 8-K: No reports on Form 8-K were filed during the
             quarter ended June 30, 2001.






                                   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.




                                          R. G. BARRY CORPORATION
                                          -----------------------
                                          Registrant

Dated:  August 13, 2001
-----------------------

                                          /s/ Daniel D. Viren
                                          --------------------------------
                                          Daniel D. Viren
                                          Senior Vice President - Finance
                                          (Principal Financial Officer)
                                          (Duly Authorized Officer)




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