<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      July 1, 2000
                                -----------------

                                       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 July 1, 2000 - 9,376,657
                                                    ------------------------







                          Index to Exhibits at page 13

                               Page 1 of 16 pages


<PAGE>   2


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

<TABLE>
<CAPTION>
                                                         July 1, 2000  January 1, 2000
                                                         ------------  ---------------
                                                                (in thousands)
<S>                                                        <C>             <C>
ASSETS:
   Cash and cash equivalents                               $  2,863        10,006
   Accounts receivable, less allowances                      11,674         9,654
   Inventory                                                 49,990        40,652
   Deferred income taxes                                      7,703         7,111
   Recoverable income taxes                                   1,498             -
   Prepaid expenses                                           1,439         2,538
                                                           --------      --------
         Total current assets                                75,167        70,561
                                                           --------      --------

   Property, plant and equipment, at cost                    43,394        43,333
      Less accumulated depreciation & amortization           29,882        28,925
                                                           --------      --------
         Net property, plant and equipment                   13,512        14,408
                                                           --------      --------

   Goodwill, net of amortization                              2,387         2,602
   Other assets                                               4,653         4,476
                                                           --------      --------
                                                           $ 95,719        92,047
                                                           ========      ========

LIABILITIES AND SHAREHOLDERS' EQUITY:
   Current installments of long-term debt                     2,409         2,143
   Short-term notes payable                                   9,000           682
   Accounts payable                                           7,174         8,424
   Accrued expenses                                           3,139         5,554
                                                           --------      --------
      Total current liabilities                              21,722        16,803
                                                           --------      --------

   Accrued retirement costs and other, net                    6,753         6,262

   Long-term debt, excluding current installments             9,919         8,571
                                                           --------      --------
            Total liabilities                                38,394        31,636
                                                           --------      --------

   Minority interest                                            291           242

   Shareholders' equity:
      Preferred shares, $1 par value
         Authorized 3,775,000 Class A shares,
         225,000 Series I Junior Participating Class A
         shares, and 1,000,000 Class B shares,
         none issued                                              -             -
      Common shares, $1 par value
        Authorized 22,500,000 shares
         (excluding treasury shares)                          9,377         9,349
      Additional capital in excess of par value              12,100        12,050
      Deferred compensation                                    (531)         (539)
      Accumulated other comprehensive loss                      (89)          (92)
      Retained earnings                                      36,177        39,401
                                                           --------      --------
         Net shareholders' equity                            57,034        60,169
                                                           --------      --------
                                                           $ 95,719        92,047
                                                           ========      ========
</TABLE>



                               Page 2 of 16 pages
<PAGE>   3



                    R. G. BARRY CORPORATION AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF OPERATIONS

<TABLE>
<CAPTION>
                                      Thirteen weeks ended       Twenty-six weeks ended
                                      --------------------       ----------------------
                                   July 1, 2000  July 3, 1999  July 1, 2000  July 3, 1999
                                   ------------  ------------  ------------  ------------
                                                       (in thousands)
<S>                                  <C>             <C>           <C>           <C>
Net sales                            $ 22,241        19,168        46,479        39,902
Cost of sales                          16,599        14,300        32,429        26,390
                                     --------      --------      --------      --------
   Gross profit                         5,642         4,868        14,050        13,512
Selling, general and
   administrative expense              11,401        13,003        23,427        26,441
                                     --------      --------      --------      --------
Operating loss                         (5,759)       (8,135)       (9,377)      (12,929)

Other income                              179           139           386           284
Proceeds from litigation, net of
   expenses incurred                        -             -         4,476             -

Interest expense                         (317)         (331)         (597)         (637)
Interest income                            33            53           107           301
                                     --------      --------      --------      --------
   Net interest expense                  (284)         (278)         (490)         (336)

Loss before income
   tax benefit                         (5,864)       (8,274)       (5,005)      (12,981)
Income tax benefit                      2,154         3,098         1,831         4,868
Minority interest, net of tax             (16)            -           (50)            -
                                     --------      --------      --------      --------
   Net loss                          ($ 3,726)       (5,176)       (3,224)       (8,113)
                                     ========      ========      ========      ========

Net loss
  per common share
      Basic                          ($  0.39)        (0.55)        (0.34)        (0.85)
                                     ========      ========      ========      ========
      Diluted                        ($  0.39)        (0.55)        (0.34)        (0.85)
                                     ========      ========      ========      ========

Average number of common
   shares outstanding
      Basic                             9,384         9,428         9,375         9,566
                                     ========      ========      ========      ========
      Diluted                           9,384         9,428         9,375         9,566
                                     ========      ========      ========      ========
</TABLE>







                               Page 3 of 16 pages


<PAGE>   4

                    R. G. BARRY CORPORATION AND SUBSIDIARIES
                 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

<TABLE>
<CAPTION>
                                                                 Twenty-six weeks ended
                                                               July 1, 2000  July 3, 1999
                                                               ------------  ------------
                                                                     (in thousands)
<S>                                                              <C>           <C>
Cash flows from operating activities:
   Net loss                                                      ($ 3,224)     ($ 8,113)
   Adjustments to reconcile net loss to net cash
      used in operating activities:
      Depreciation and amortization of
         property, plant and equipment                              1,114           950
      Amortization of goodwill                                         67            57
      Amortization of deferred compensation                            87             -
      Minority interest                                                50             -
      Net (increase) decrease in:
         Accounts receivable, net                                  (2,088)        5,217
         Inventory                                                 (9,439)      (15,783)
         Prepaid expenses                                           1,106           (47)
         Recoverable income taxes                                  (1,498)       (3,464)
         Other                                                        (44)           14
      Net increase (decrease) in:
         Accounts payable                                          (1,219)        1,927
         Accrued expenses                                          (2,405)       (7,743)
         Accrued retirement costs and other                           849           594
                                                                 --------      --------
            Net cash used in operating activities                 (16,644)      (26,391)
                                                                 --------      --------

Cash flows from investing activities:
   Additions to property, plant and equipment, net                   (250)       (2,054)
                                                                 --------      --------

Cash flows from financing activities:
   Proceeds (repayments) of long-term debt, net                     1,348        (2,143)
   Proceeds from short-term notes, net                              8,318        13,500
   Stock options exercised                                              -            34
   Treasury share acquisitions                                          -        (4,149)
                                                                 --------      --------
         Net cash provided by (used in) financing activities        9,666         7,242
                                                                 --------      --------

Effect of exchange rates on cash                                       85             -
                                                                 --------      --------

Net decrease in cash                                               (7,143)      (21,203)
Cash at the beginning of the period                                10,006        29,596
                                                                 --------      --------
Cash at the end of the period                                    $  2,863         8,393
                                                                 ========      ========

Supplemental cash flow disclosures:
   Interest paid                                                 $    584         1,295
                                                                 ========      ========
   Income taxes paid                                             $    854         5,477
                                                                 ========      ========
</TABLE>




                               Page 4 of 16 pages


<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 July 1, 2000 and July 3, 1999

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 2000 and 1999
     are both fifty-two week years.

3.   A substantial portion of inventory is valued using the dollar value LIFO
     method and, therefore, it is impractical to separate inventory values
     between raw materials, work-in-process and finished goods.

4.   Income tax benefit for the periods ended July 1, 2000 and July 3, 1999,
     consists of:

                                                  2000                1999
                                                  ----                ----
                                                        (in thousands)
                   Current:
                     U. S. Federal              ($1,691)            (4,518)
                     State & Local                 (140)              (350)
                                                -------             ------
                        Total                   ($1,831)            (4,868)
                                                =======             ======

     The income tax benefit reflects a combined federal, foreign, state and
     local effective rate of approximately 36.6 percent and 37.5 percent for the
     first half of 2000 and 1999, respectively, as compared to the statutory
     U.S. federal rate of 35.0 percent in both years.

     Income tax benefit for the periods ended July 1, 2000 and July 3, 1999
     differed from the amounts computed by applying the U. S. federal income tax
     rate of 35.0 percent to pretax loss, as a result of the following:

<TABLE>
<CAPTION>

                                                                 2000                 1999
                                                                 ----                 ----
                                                                       (in thousands)
<S>                                                               <C>             <C>
                   Computed "expected"  tax (benefit):
                        U. S. Federal benefit                     ($1,752)        (4,543)
                        Other, net                                     12            (97)
                        State & Local benefit, net of
                          federal income taxes                        (91)          (228)
                                                                  -------         ------
                             Total                                ($1,831)        (4,868)
                                                                  =======         ======
</TABLE>


5.   The computation of 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.











                               Page 5 of 16 pages
<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 July 1, 2000 and July 3, 1999 - 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
                                     -------------
              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
Pre tax earnings (loss)            (4,070)         (877)         (108)           50        (5,005)
Additions to property, plant
     and equipment, net               164            86             -                         250
Total assets devoted             $ 87,629      $  7,633      $  2,497       ($2,040)     $ 95,719
                                 ========      ========      ========      ========      ========
</TABLE>

<TABLE>
<CAPTION>
                                    Barry Comfort
                                    -------------
              1999               North                                    Intersegment
         (in thousands)         America         Europe        Thermal     Eliminations      Total
                                -------         ------        -------     ------------      -----
<S>                              <C>           <C>           <C>           <C>           <C>
Net sales                        $ 33,500      $  3,493      $  2,909                    $ 39,902
Depreciation and
      amortization                    788            36           126                         950
Interest income                       402            13             -          (114)          301
Interest expense                      637             -           114          (114)          637
Pre tax earnings (loss)            (8,814)       (1,373)       (2,794)                    (12,981)
Additions to property, plant
     and equipment, net             1,870            83           101                       2,054
Total assets devoted             $ 91,232      $  7,268      $ 11,461      ($ 4,694)     $105,267
                                 ========      ========      ========      ========      ========
</TABLE>


7.   Restructuring Charges - In December 1999, the Company announced a plan to
     reduce costs and improve operating efficiencies, and recorded a
     restructuring charge of $1,794 as a component of 1999 operating expense.
     The following schedule highlights actual charges related to those
     activities through July 1, 2000.

<TABLE>
<CAPTION>
                                      As of  Adjustments                      As of
                            January 1, 2000      in 2000   Paid in 2000    July 1, 2000
                            ---------------      -------   ------------    ------------
                                                 (in thousands)
<S>                              <C>             <C>             <C>           <C>
Employee separations             $1,487          (135)           675           677
Other exit costs                     94                           16            78
Noncancelable lease costs           213           128            164           177
                                 ------        ------         ------        ------
Restructuring costs              $1,794        ($   7)        $  855        $  932
                                 ======        ======         ======        ======
</TABLE>



                               Page 6 of 16 pages
<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 2000 with $53.4 million in net working capital.
This compares with $58.2 million at the end of the same quarter in 1999, and
$53.8 million at the end of fiscal 1999.

Our capital expenditures during the first half of 2000, amounted to $250
thousand, compared with $2.1 million during the same period of 1999. Capital
expenditures during the first half of 2000 have been nearer to historical
levels, perhaps even somewhat lower, and represent usual patterns of replacement
of capital equipment. Capital expenditures in 1999 were higher than in 2000 and
higher than in most previous years, primarily due to the various unique
activities in 1999, including: equipping a new warehouse in San Antonio;
starting up a plant in the Dominican Republic; and purchasing a warehouse in
Goldsboro, formerly leased by the Company. Capital expenditures in both years
have been funded out of working capital.

The decrease in net working capital from the end of the second quarter of 1999
to the end of the second quarter of 2000 is primarily the result of the loss we
incurred in the fourth quarter of 1999. Net working capital at the end of the
second quarter of 2000 is nearly the same as net working capital at fiscal year
end 1999. During the first half of 2000, our profitability improved compared
with 1999, plus our French subsidiary borrowed approximately $1 million in
French Francs in 2000 to repay other indebtedness and to fund its operations.
During the first half of 1999, we purchased, in the open market, approximately
478 thousand of our common shares, totaling about $4.2 million, to be held in
Treasury. There were no similar transactions in 2000.

Highlights of the significant changes in the components of net working capital
are:
-    We ended the second quarter of 2000, with $2.9 million in cash and $9
     million in short-term bank loans. This compares with the second quarter of
     1999, when we had $8.4 million in cash and $13.5 million in short-term bank
     loans. At the end of the second quarter of 1999, cash balances and
     short-term bank loans, were higher than usual largely due to the
     anticipated $4 million acquisition of an 80% interest in Fargeot et
     Compagnie SA of France and related companies ("Fargeot"). The acquisition
     of Fargeot was in the process of completion at the end of the second
     quarter of 1999, and was completed later in July 1999. There were no
     short-term bank loans outstanding at the end of fiscal 1999.

-    Accounts receivables at the end of the second quarter of 2000, at $11.7
     million, are approximately $900 thousand greater than the $10.8 million at
     the end of the second quarter of 1999, largely due to the inclusion of
     Fargeot in 2000. The increase in accounts receivable from the $9.7 million
     at the end of fiscal 1999, represents a normal seasonal pattern of change
     in receivables.

-    Inventories at the end of the second quarter of 2000, at $50.0 million, are
     about 8.2 percent reduced from the inventory levels of $54.4 million one
     year ago, although increased from $40.7 million at the end of fiscal 1999.
     The decrease in inventories from the end of the second quarter of 1999 to
     the end of the second quarter of 2000 is the result of a planned reduction
     in general inventory levels. We had previously stated our intent to reduce
     inventory levels from those that had been maintained historically. The
     seasonal increase in inventories from the end of fiscal 1999 reflects a
     normal seasonal pattern of change in inventories in anticipation of
     supporting sales later in the year.

We currently have in place a Revolving Credit Agreement ("Revolver"), with our
three main lending banks. The multi-year Revolver provides a seasonally adjusted
available line of credit ranging from $3 million during January, to a peak of
$42 million from July through November. The Revolver contains financial
covenants that we believe are typical of agreements of similar type and
duration. We are in compliance with all the covenants of the Revolver, and all
other debt agreements. The Revolver currently extends through 2001 and provides
for periodic extensions upon request and with the approval of the banks.


                               Page 7 of 16 pages
<PAGE>   8


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


Impact of Recently Issued Accounting Standards
----------------------------------------------
The FASB issued Statement No. 137, "Accounting for Derivative Instruments and
Hedging Activities - Deferral of Effective Date of FASB Statement No. 133",
which is required to be adopted in fiscal years beginning after June 15, 2000.
The Statement permits early adoption as of the beginning of any fiscal quarter
after its issuance. We expect to adopt the new Statement effective January 1,
2001. The Statement will require companies to recognize all derivatives on the
balance sheet at fair value.

Derivatives that are not hedges must be adjusted to fair value through income.
If a derivative is a hedge, depending on the nature of the hedge, changes in the
fair value of the derivative will either be offset against the change in fair
value of the hedged asset, liability, or firm commitment through earnings, or
recognized in other comprehensive income until the hedged item is recognized in
earnings. The ineffective portion of a derivative's change in fair value will be
immediately recognized in earnings. We do not anticipate that the adoption of
this Statement will have a significant effect on our results of operations or
financial position.

Results of Operations
---------------------
During the second quarter of 2000, net sales amounted to $22.2 million, a 16.0
percent increase compared with sales of $19.2 million during the same quarter in
1999. For the six months, net sales amounted to $46.5 million, a 16.5 percent
increase in net sales when compared with the first six months of 1999. We expect
net sales growth for the second half of 2000 to be more modest.

Net sales increases for the second quarter and six months, occurred largely in
Barry North America and Barry Europe, offset by net sales declines in Thermal
products. Net sales increases in Barry North America occurred mainly in the mass
merchandising area, with some of the increase attributable to the sale of low
margin closeout merchandise, plus a moderate decrease in Dearfoams(R) branded
net sales. Net sales increases in Barry Europe were mainly the result of
including the sales of Fargeot, which we acquired in July 1999, while net sales
throughout the remainder of Europe incurred a modest decline from 1999 to 2000.
(See also note 6 of notes to consolidated financial statements for selected
segment information.)

The results for the second quarter reflect benefits from lower than anticipated
merchandise returns and lower selling support expenses related to the 1999
holiday selling season. This was in part a consequence of our improved
merchandising and sales management efforts.

Gross profit during the second quarter, amounted to $5.6 million, or 25.4
percent of net sales. This compares with gross profit of $4.9 million, also 25.4
percent in the same quarter of 1999. For the six months, gross profit percent
decreased to 30.2 percent in 2000 compared with 33.9 percent in 1999. Most of
the decline in gross profit as a percentage of net sales is the result of a
shift in the mix of products sold between our various higher margin Dearfoams(R)
brand products and lower margin unbranded products sold to mass merchandisers,
the inclusion of lower margin Fargeot products in 2000, plus the sale of low
margin out-of-season and close-out merchandise.

Selling, general and administrative expenses during the quarter amounted to
$11.4 million, an decrease of 12.3 percent from the same quarter one year ago.
For the six months, these expenses amounted to $23.4 million, a decrease of 11.4
percent from the same six months last year. These expenses decreased during the
periods, even though net sales increased. A portion of the decrease in expense
results from the restructuring plan we announced late in the fourth quarter of
1999.

Late in the first quarter 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.



                               Page 8 of 16 pages
<PAGE>   9

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


Net interest expense was nearly flat for the second quarter of 2000 compared
with 1999, although for the six months net interest expense increased from 1999
to 2000. During the second quarter of 2000, net interest expense amounted to
$284 thousand compared with $278 thousand in the first quarter of 1999. For the
six months net interest in 2000 amounted to $490 thousand, compared with $336
thousand in 1999. We started the year 2000 with lower cash balances than in
1999, and as a result we had fewer dollars on which to earn interest on
short-term investments. Lower interest income, then, was primarily responsible
for the increase in net interest expense in 2000.

For the second quarter of 2000, we incurred a net loss of $3.7 million, or $0.39
per share, compared with a net loss during the same quarter of 1999 of $5.2
million, or $0.55 per share. For the six months, we incurred a net loss in 2000
of $3.2 million, or $0.34 per share. 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 of approximately $6.0
million, or $0.63 per share. By comparison, during the first six months of 1999,
we incurred a net loss after taxes of $8.1 million, or $0.85 per share. Per
share calculations for both years are the same for both basic loss per share and
for diluted loss per share.




--------------------------------------------------------------------------------
"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
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; 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; capacity, efficiency, and supply constraints; weather; and other
risks detailed in the 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.
--------------------------------------------------------------------------------



















                               Page 9 of 16 pages
<PAGE>   10

       ITEM 3 - Quantitative and Qualitative Disclosures About Market Risk

Foreign Currency Risks
----------------------
We transact business in various foreign countries. Our primary foreign currency
net cash outflows occur in Mexico and to a lesser extent in the Dominican
Republic. We do not hedge anticipated foreign currency net cash outflows in the
Mexican Peso or the Dominican Peso, as these currencies generally have declined
in value over time, when compared with the U. S. Dollar. In addition, forward
contracts in these currencies are not normally economically available.

Our primary foreign currency net cash inflows are generated from Canada and
Western Europe. We do employ a foreign currency hedging program utilizing
currency forward exchange contracts for anticipated net cash inflows in the
these areas. 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 2000, we had net foreign currency contracts outstanding to sell
forward the following currencies. All contracts mature later in 2000.

<TABLE>
<CAPTION>
                     Nominal Amount in          Approximate        Estimated Fair    Unrealized Gain or
                             thousands              Average           Value as of         (Loss), as of
                            US Dollars        Exchange Rate          July 1, 2000          July 1, 2000
                        (in thousands)                                        (in thousands)
<S>                             <C>       <C>                             <C>                  <C>
Canadian Dollar                   $348      US$1 = CAN 1.43                 $ 338               ($10)
Pound Sterling                  $1,142      US$1 = GPB 0.61                $1,062               ($80)
Euros                            $ 183     US$1 = Euro 1.09                 $ 209                $26
</TABLE>




















                              Page 10 of 16 pages
<PAGE>   11

                           PART II - OTHER INFORMATION

Item 1.  Legal Proceedings
--------------------------
         Not applicable

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

         (a)  through (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) The Company's Annual Meeting of Shareholders (the "Annual Meeting")
         was held on May 11, 2000. At the close of business on the record date,
         March 15, 2000, 9,350,657 common shares were outstanding and entitled
         to vote at the Annual Meeting. At the Meeting, 8,144,645 or 87.1% of
         the outstanding common shares entitled to vote were represented in
         person or by proxy.

         (b)  Directors elected at the Annual Meeting were:
              Harvey M. Krueger
                  For:                 7,899,127
                  Withheld:              245,518         Broker non-vote: none

              David L. Nichols
                  For:                 7,862,643
                  Withheld:              282,002         Broker non-vote: none
              Janice Page
                  For:                 7,925,508
                  Withheld:              219,137         Broker non-vote: none

              Other directors whose term of office continued after the Annual
Meeting:
              Edward M. Stan           Gordon Zacks        Richard L. Burrell
              Christian Galvis         Philip G. Barach    Roger E. Lautzenhiser

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

          (d) Not Applicable

Item 5.  Other Information
--------------------------
         No response required

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

         (a) EXHIBITS:  See Index to Exhibits at page 13.

         (b) REPORTS ON FORM 8-K: No reports on Form 8-K were filed during the
             quarter ended July 1, 2000.




                              Page 11 of 16 pages
<PAGE>   12


                                   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

August 4, 2000
--------------
     date
                                   /s/ Daniel D. Viren
                                   -------------------
                                   Daniel D. Viren
                                   Senior Vice President - Finance
                                   (Principal Financial Officer)
                                   (Duly Authorized Officer)

















                              Page 12 of 16 pages
<PAGE>   13

                             R. G. BARRY CORPORATION
                                INDEX TO EXHIBITS


Exhibit No.                  Description                              Location
-----------                  -----------                              --------

     4      Second Amendment to Revolving Credit Agreement, dated
            as of June 30, 2000, among The Huntington National        14 and 15
            Bank, The Bank of New York, and Bank One, N. A., as
            lenders; The Huntington National Bank, as agent; and
            the Registrant

     27     Financial Data Schedule                                      16
            (Period ended July 1, 2000)






















                              Page 13 of 16 pages