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


                                                  Commission File
For the Quarterly Period Ended June 24, 2000      Number  1-14967
                               -------------              -------

                         WICKES INC.
                     -------------------
     (Exact name of registrant as specified in its charter)


               Delaware                           36-3554758
-------------------------------                ----------------
(State or other jurisdiction of                (I.R.S. Employer
incorporation or organization)                Identification No.)


706 North Deerpath Drive, Vernon Hills, Illinois         60061
------------------------------------------------         -----
(Address of principal executive offices)               (Zip Code)



                               847-367-3400
                               ------------
           (Registrant's telephone number, including area code)

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, and (2) has been subject to  such
filing requirements for the past 90 days.

                                   Yes   X        No
                                        ---      ----

As  of  July 31, 2000, the Registrant had 8,247,829 shares of Common Stock,
par value $.01 per share outstanding.




<PAGE>2

                       WICKES INC. AND SUBSIDIARIES

                                   INDEX
                                   -----

<TABLE>
<CAPTION>
                                                            Page
                                                           Number
                                                           ------

<S>                                                          <C>
PART I. FINANCIAL INFORMATION

   Item 1. Financial Statements

       Condensed Consolidated Balance Sheets
       June 24, 2000 (Unaudited), December 25, 1999 and
       June 26, 1999 (Unaudited)                              3

      Condensed Consolidated Statements of Operations (Unaudited)-
       For the three months and six months ended
       June 24, 2000 and June 26, 1999                        4

      Condensed Consolidated Statements of Cash Flows (Unaudited)-
       For the six months ended June 24, 2000 and
       June 26, 1999                                          5

      Notes to Condensed Consolidated
       Financial Statements (Unaudited)                       6

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

   Item 3. Quantitative and Qualitative Disclosures about
            Market Risk                                      23


PART II. OTHER INFORMATION

   Item 6. Exhibits and Reports on Form 8-K                  24


</TABLE>
                                       2

<PAGE>3



                       WICKES INC. AND SUBSIDIARIES
                   CONDENSED CONSOLIDATED BALANCE SHEETS
                     (in thousands except share data)

<TABLE>
<CAPTION>

                                                         June 24,    December 25,  June 26,
                                                           2000         1999         1999
                                                          ------       ------       ------
           ASSETS                                        (UNAUDITED)               (UNAUDITED)
<S>
Current assets:                                          <C>        <C>          <C>
 Cash                                                    $    355   $    450     $     510
 Accounts receivable, less allowance for doubtful
     accounts of $3,173 in 2000, $4,105 in December 1999
  and $4,128 in June 1999.                                112,181      110,352     126,566
 Notes receivable from affiliate                              214          481         835
 Inventory                                                137,085      120,705     133,637
 Deferred tax asset                                         8,003        7,184       8,857
 Prepaid expenses                                           3,820        2,663       2,940
                                                          -------      -------     -------
  Total current assets                                    261,658      241,835     273,345
 Notes Receivable from affiliate                              265           -           -
 Property, plant and equipment, net                        53,301       50,599      48,591
 Trademark (net of accumulated amortization of
  $10,830 in 2000, $10,718 in December 1999
  and $10,607 in June 1999)                                 6,190        6,301       6,412
 Deferred tax asset                                        14,695       14,695      17,482
 Rental equipment (net of accumulated depreciation
  of $1,278 in 2000, $1,010 in December 1999
  and $804 in June 1999)                                    2,194        1,981       2,032
 Other assets (net of accumulated amortization of
  $12,439 in 2000, $11,463 in December 1999
  and $10,414 in June 1999)                                17,590       19,225      15,334
                                                         --------     --------    --------

  Total assets                                           $355,893     $334,636    $363,196
                                                         ========     ========    ========


   LIABILITIES & STOCKHOLDERS' EQUITY
Current liabilities:
 Current maturities of long-term debt                    $      -     $      -    $      4
 Accounts payable                                          53,941       53,817      72,616
 Accrued liabilities                                       19,235       25,495      20,206
                                                          -------      -------     -------
Total current liabilities                                  73,176       79,312      92,826

Long-term debt, less current maturities                   249,847      220,742     243,856
Other long-term liabilities                                 3,604        3,763       3,024
Commitments and contingencies (Note 3)

Stockholders' equity:
 Preferred stock (no shares issued)
 Common stock, $0.01 par (8,247,329,  8,224,888
  and 8,214,776 shares issued and
     outstanding, respectively)                                82           82          82
 Additional paid-in capital                                86,984       86,870      86,818
 Accumulated deficit                                      (57,800)     (56,133)    (63,410)
                                                          -------      -------     -------

  Total stockholders' equity                               29,266       30,819      23,490
                                                          -------      -------     -------

      Total liabilities & stockholders' equity           $355,893     $334,636    $363,196
                                                          =======      =======     =======
</TABLE>

The accompanying notes are an integral part of the condensed consolidated
                              financial statements.

                                       3

<page 4>

                       WICKES INC. AND SUBSIDIARIES
              CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                                (UNAUDITED)
              (in thousands except share and per share data)

<TABLE>
<CAPTION>
                                                      Three Months Ended        Six Months Ended
                                                      ------------------       ------------------
                                                     June 24,    June 26,     June 24,     June 26,
                                                       2000        1999         2000         1999
                                                       ----        ----         ----         ----
<S>                                               <C>          <C>          <C>          <C>
Net sales                                         $  279,703   $  288,764   $  495,479   $  479,934
Cost of sales                                        210,386      222,425      372,467      367,628
                                                   ---------     --------    ---------    ---------

  Gross profit                                        69,317       66,339      123,012      112,306

Selling, general and administrative expenses          59,290       54,810      110,746       99,480
Depreciation, goodwill and trademark amortization      1,827        1,616        3,588        3,048
Provision for doubtful accounts                           71          (42)         503          406
Other operating income                                  (917)      (2,187)      (1,703)      (3,043)
                                                   ---------     --------    ---------    ---------

                                                      60,271       54,197      113,134       99,891

  Income from operations                               9,046       12,142        9,878       12,415

Interest expense                                       6,273        5,958       12,013       11,260
                                                   ---------     --------    ---------    ---------

Income (loss) before income taxes                      2,773        6,184       (2,135)       1,155

Provision (benefit) for income taxes                   1,241        2,597         (468)         844
                                                   ---------     --------    ---------    ---------

  Net income (loss)                               $    1,532   $    3,587   $   (1,667)  $      311
                                                   =========    =========    =========    =========

Basic income (loss) per common share (Note 5)     $     0.19   $     0.44   $    (0.20)  $     0.04
                                                   =========    =========    =========    =========

Diluted income (loss) per common share (Note 5)   $     0.18   $     0.43                $     0.04
                                                   =========    =========                 =========

Weighted average common shares - for basic         8,246,769    8,214,397    8,240,101    8,212,288
                                                   =========    =========    =========    =========

Weighted average common shares - for diluted       8,506,004    8,266,817                 8,263,784
                                                   =========    =========                 =========
</TABLE>

 The accompanying notes are an integral part of the condensed consolidated
                           financial statements.

                                       4

<PAGE>5

                       WICKES INC. AND SUBSIDIARIES
              CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
                                (UNAUDITED)
                              (in thousands)
<TABLE>
<CAPTION>

                                                                           Six Months Ended
                                                                           -----------------
                                                                         June 24,    June 26,
                                                                          2000         1999
                                                                          ----         ----
<S>                                                                   <C>          <C>
Cash flows from operating activities:
   Net (loss) income                                                  $  (1,667)   $     311
 Adjustments to reconcile net (loss) income to
        net cash used in operating activities:
 Depreciation expense                                                     3,193        2,779
 Amortization of trademark                                                  111          111
 Amortization of goodwill                                                   284          158
 Amortization of deferred financing costs                                   667          729
 Provision for doubtful accounts                                            503          406
 Gain on sale of assets                                                     (64)      (1,427)
 Deferred tax benefit                                                      (819)           -
 Changes in assets and liabilities:
  Increase in accounts receivable                                        (2,332)     (31,908)
  Increase in inventory                                                 (16,380)     (29,371)
  (Decrease) increase in accounts payable and accrued liabilities        (6,295)      18,139
  Increase in prepaids and other assets                                  (1,286)      (2,898)
                                                                       --------     --------

NET CASH USED IN OPERATING ACTIVITIES                                   (24,085)     (42,971)
                                                                       --------     --------
Cash flows from investing activities:
 Decrease in notes receivable                                                 2          260
 Purchases of property, plant and equipment                              (4,631)      (4,208)
 Payments for acquisitions                                                 (800)      (7,214)
 Proceeds from sales of property, plant and equipment                       200        2,538
                                                                       --------     --------

NET CASH USED IN INVESTING ACTIVITIES                                    (5,229)      (8,624)
                                                                       --------     --------

Cash flows from financing activities:
 Net borrowing under revolving line of credit                            29,105       51,895
 Reductions of notes payable                                                  -          (12)
 Net proceeds from issuance of common stock                                 114           31
                                                                       --------     --------

NET CASH PROVIDED BY FINANCING ACTIVITIES                                29,219       51,914
                                                                       --------     --------

NET (DECREASE) INCREASE IN CASH                                             (95)         319
Cash at beginning of period                                                 450          191
                                                                       --------     --------

CASH AT END OF PERIOD                                                 $     355    $     510
                                                                        =======     ========

Supplemental schedule of cash flow information:
 Interest paid                                                        $  11,613    $   9,947
 Income taxes paid                                                    $     759    $     577
Supplemental schedule of non-cash investing and financing activities:
 The Company purchased net assets in conjunction with acquisitions
 made during the period.  In connection with these acquisitions,
 liabilities were assumed as follows:
  Assets acquired                                                     $     800    $   7,355
  Liabilities assumed                                                 $       -    $     141
  Cash paid                                                           $     800    $   7,214

</TABLE>

 The accompanying notes are an integral part of the condensed consolidated
                           financial statements.

                                       5

<PAGE>6

                       WICKES INC. AND SUBSIDIARIES
             NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                  (UNAUDITED)


1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
   ------------------------------------------

   Basis of Financial Statement Presentation
   -----------------------------------------

    The condensed consolidated financial statements present the results  of
operations,  financial  position, and cash flows of  Wickes  Inc.  and  its
consolidated  subsidiaries  (the "Company").   The  condensed  consolidated
financial  statements  are prepared in accordance with  generally  accepted
accounting  principles,  which require management  to  make  estimates  and
assumptions that affect the reported amounts of assets and liabilities  and
disclosure  of  contingent  assets and  liabilities  at  the  date  of  the
financial  statements  and the reported amounts of  revenues  and  expenses
during  the  reporting  period.  Actual results  could  differ  from  those
estimates.

    The  condensed  consolidated financial statements  should  be  read  in
conjunction with the Company's consolidated financial statements and  notes
thereto included in the Company's Annual Report on Form 10-K (the "Form 10-
K")   for   the  fiscal  year  ended  December  25,  1999.   The  condensed
consolidated financial statements reflect all adjustments (consisting  only
of  normal  recurring adjustments) which are, in the opinion of management,
necessary  for  the fair statement of the results for the  interim  period.
The   results  of  operations  for  interim  periods  are  not  necessarily
indicative of results for the entire year.

    The  Company  has determined that it operates in one business  segment,
that being the supply and distribution of lumber and building materials  to
building  professionals and do-it-yourself customers,  principally  in  the
Midwest,  Northeast, and Southern United States.  All information  required
by  SFAS  No. 131, "Disclosures about Segments of an Enterprise and Related
Information", is included in the Company's financial statements.

   Share Data
   ----------

    The Company issued 3,508 shares of Common Stock to members of its board
of directors as compensation during the six-months ended June 24, 2000.  In
addition,  18,933  shares  of common stock were  issued  upon  exercise  of
employee stock options.

   Reclassifications and Eliminations
   ----------------------------------

    Certain  reclassifications have been made  to  prior  year  amounts  to
conform  to  the current presentation.  All material intercompany  balances
and transactions have been eliminated.

                                       6

<PAGE>7

                       WICKES INC. AND SUBSIDIARIES
             NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                  (UNAUDITED)

2. LONG-TERM DEBT
   --------------

    Long-term  debt  is comprised of the following at  June  24,  2000  (in
thousands):

<TABLE>
         <S>                                   <C>
         Revolving line of credit              $  149,847
         Senior subordinated notes                100,000
         Less current maturities                       (0)
                                                ---------
         Total long-term debt                  $  249,847
                                                =========
</TABLE>

    Under  the  revolving line of credit, the Company  may  borrow  against
certain   levels  of  accounts  receivable  and  inventory.    The   unused
availability at June 24, 2000 was $22.1 million.


3. COMMITMENTS AND CONTINGENCIES
   -----------------------------

    As  of  June  24, 2000, the Company had accrued approximately  $131,000
(included  in  accrued  liabilities at June 24, 2000)  for  remediation  of
certain   environmental   and   product  liability   matters,   principally
underground storage tank removal.

    Many  of  the sales and distribution facilities presently and  formerly
operated by the Company contained underground petroleum storage tanks.  All
such tanks known to the Company located on facilities owned or operated  by
the  Company  have  been  filled or removed in accordance  with  applicable
environmental laws in effect at the time.  As a result of reviews  made  in
connection  with  the  sale  or possible sale of  certain  facilities,  the
Company  has  found  petroleum contamination of soil and  ground  water  on
several  of these sites and has taken, or expects to take, remedial actions
with   respect   thereto.   In  addition,  it  is  possible  that   similar
contamination  may exist on properties no longer owned or operated  by  the
Company,  the  remediation  of  which  the  Company  could,  under  certain
circumstances, be held responsible.  Since 1988, the Company  has  incurred
approximately  $2.0  million  of costs, net  of  insurance  and  regulatory
recoveries, with respect to the filling or removing of underground  storage
tanks and related investigatory and remedial actions. Insignificant amounts
of  contamination have been found on excess properties sold over  the  past
five  years.  The Company currently has reserved approximately $43,000  for
estimated clean up costs at 11 of its locations.

    In  prior periods, the Company had been identified as having  used  two
landfills  which  are now Superfund clean up sites for which  requests  for
reimbursement  of  a portion of the clean-up costs were  submitted.   These
issues   have   been  settled  and  the  Company  has  been   relieved   of
responsibility.

                                       7

<PAGE>8

                       WICKES INC. AND SUBSIDIARIES
             NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                  (UNAUDITED)

   The Company is one of many defendants in two multi-plaintiff suits filed
in August of 1996 by approximately 200 claimants for unspecified damages as
a  result  of health problems claimed to have been caused by inhalation  of
silica dust, a byproduct of concrete and mortar mix, allegedly generated by
a  cement  plant with which the Company has no connection other than  as  a
customer.  The Company has entered into a cost sharing agreement  with  its
insurers, and any liability is expected to be minimal.

   The Company is one of many defendants in approximately 196 actions, each
seeking  unspecified  damages,  in various Michigan  state  courts.   These
actions  are  aimed  at  manufacturers and building material  retailers  by
individuals  who  claim to have suffered injuries from products  containing
asbestos. Each of the plaintiffs in these actions is represented by one  of
two  law  firms.  The Company is aggressively defending these  actions  and
does not believe that these actions will have a material adverse effect  on
the  Company.  Since 1993, the Company has settled 24 similar  actions  for
insignificant  amounts,  and  another  224  of  these  actions  have   been
dismissed.  As of June 24, 2000 none of these suits have made it to trial.

   Losses in excess of the amounts accrued as of June 24, 2000 are possible
but an estimate of these amounts cannot be made.

    The  Company is involved in various other legal proceedings  which  are
incidental  to  the  conduct of its business. Certain of these  proceedings
involve potential damages for which the Company's insurance coverage may be
unavailable.  While  the  Company  does  not  believe  that  any  of  these
proceedings will have a material adverse effect on the Company's  financial
position,  annual  results  of operations or liquidity,  there  can  be  no
assurance of this result.


4. RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS
   -----------------------------------------

    SFAS  No.  133,  "Accounting  for Derivative  Instruments  and  Hedging
Activities,"  standardizes  the accounting for  derivative  instruments  by
requiring that all derivatives be recognized as assets and liabilities  and
measured  at  fair  value.   In June 1999, SFAS No.  137,  "Accounting  for
Derivative  Instruments and Hedging Activities-Deferral  of  the  Effective
Date  of  SFAS No. 133," was issued amending SFAS No. 133 by deferring  the
effective date for one year, to fiscal years beginning after June 15, 2000.
The Company currently is evaluating the effects of this pronouncement.

                                       8

<PAGE>9

                       WICKES INC. AND SUBSIDIARIES
             NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                  (UNAUDITED)

5. EARNINGS PER SHARE
   ------------------

    The  Company calculates earnings per share in accordance with Statement
of   Financial  Accounting  Standards  No.  128.   The  following  is   the
reconciliation of the numerators and denominators of the basic and  diluted
earnings per share:

<TABLE>
<CAPTION>
                                  Three Months Ended             Six Months Ended
                                  ------------------             ----------------
                                 June 24,      June 26,       June 24,        June 26,
                                   2000          1999           2000            1999
                                   ----          ----           ----            ----
<S>                            <C>           <C>            <C>            <C>
Numerators:
  Net income (loss)-for basic
 and diluted EPS               $ 1,532,000   $ 3,587,000    $(1,667,000)   $   311,000
                                ----------    ----------     ----------     ----------

Denominators:
  Weighted average common
   shares - for basic EPS        8,246,769     8,214,397      8,240,101      8,212,288
Common  shares from options        259,235        52,420              0         51,496
                                ----------    ----------     ----------     ----------

 Weighted average common
  shares - for diluted EPS       8,506,004     8,266,817      8,240,101      8,263,784
                                ----------    ----------     ----------     ----------
</TABLE>

    In  periods  where  net losses are incurred, diluted  weighted  average
common  shares are not used in the calculation of diluted EPS as  it  would
have  an  anti-dilutive effect on EPS.  In addition,  options  to  purchase
236,281  and  415,003 weighted average shares of common  stock  during  the
first half of 2000 and 1999, respectively, were not included in the diluted
EPS  as  the options' exercise prices were greater than the average  market
price.


6. RELATED PARTY TRANSACTIONS
   --------------------------

   The Company is approximately 37% owned by Riverside Group, Inc.

    In  March  2000, the Company entered into an agreement with Buildscape,
Inc.,   an   entity  controlled  by  Riverside  Group,  Inc.  and   Imagine
Investments, Inc., each of which may be deemed an affiliate of the Company.
Pursuant  to  this agreement, the Company and Buildscape, Inc. are  jointly
conducting a pilot Internet distribution program.

    In  March  2000, the Company extended the terms of its note  receivable
from Riverside Group, Inc.  Under the revised terms, all previously accrued
interest  was  paid by Riverside Group, Inc. to the Company  on  March  31,
2000.  Interest accruing thereafter is to be paid on a quarterly basis.  In
addition, repayment of the remaining principal balance was deferred for one
year, with quarterly principal payments commencing on April 1, 2001.

                                       9

<PAGE>10

                       WICKES INC. AND SUBSIDIARIES

Item 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
------------------------------------------------------------------------
RESULTS OF OPERATIONS
---------------------

    The  following  discussion  should be  read  in  conjunction  with  the
Condensed  Consolidated  Financial Statements and Notes  thereto  contained
elsewhere  herein  and  in  conjunction  with  the  Consolidated  Financial
Statements  and Notes thereto and Management's Discussion and  Analysis  of
Financial  Condition and Results of Operations contained in  the  Company's
Annual Report on Form 10-K for the fiscal year ended December 25, 1999.

   This  Discussion and Analysis contains statements which, to  the  extent
that  they  are  not  recitations of historical  fact,  constitute  Forward
Looking Statements that are made pursuant to the safe harbor provisions  of
the  Private  Securities Litigation Reform Act of 1995 and  are  inherently
subject  to  uncertainty.  A number of important factors  could  cause  the
Company's  business  and financial results and financial  condition  to  be
materially different from those stated in the Forward Looking Statements.

    Among  the factors that could cause actual results to differ materially
include the effects of seasonality and cyclicality; effects of competition;
interest  rates  and the Company's ability to service and comply  with  the
terms  of its debt; lumber prices; the success of the Company's operational
initiatives; and the outcome of the contingencies discussed in  Note  3  of
the Company's Consolidated Financial Statements included elsewhere herein.

                               INTRODUCTION

    Wickes  Inc.  ("Wickes"  or the "Company") is a  leading  supplier  and
manufacturer of building materials in the United States.  The Company sells
its  products and services primarily to residential and commercial building
professionals,  repair and remodeling contractors and, to a lesser  extent,
project   do-it-yourself  consumers  involved  in  major  home  improvement
projects.    At  June  24,  2000,  the  Company  operated  101  sales   and
distribution facilities in 23 states in the Midwest, Northeast, and  South.
In addition, the Company operated 25 component manufacturing facilities,  8
of which are located in sales and distribution facilities, that produce and
distribute  roof and floor trusses, framed wall panels, and  pre-hung  door
units.

    The  Company's  mission  is  to  be the premier  provider  of  building
materials  and services and manufacturer of value-added building components
to the professional segments of the building and construction industry.

                                      10

<PAGE>11

    The  Company focuses on the professional builder and contractor market.
The Company targets five customer groups: the production or volume builder;
the  custom  builder;  the tradesman; the repair  and  remodeler;  and  the
commercial developer.  Its marketing approach encompasses three channels of
distribution:  Major  Markets, Conventional  Markets,  and  Wickes  Direct.
These   channels  are  supported  by  the  Company's  network  of  building
components manufacturing operations.  In Major Markets, the Company  serves
the  national, regional, and large local builder in larger markets  with  a
total   solutions  approach  and  specialized  services.   In  Conventional
Markets,  the Company provides the smaller building professional  in  less-
populous  markets  with  tailored products  and  services.   Wickes  Direct
provides  materials  flow and logistics management services  to  commercial
customers.   The  Company  also serves building professionals  through  its
network  of 25 component manufacturing facilities that produce value-added,
wood  framed  wall  panels,  roof and floor  truss  systems,  and  pre-hung
interior and exterior doors.


                           RESULTS OF OPERATIONS

    The  following  table  sets  forth,  for  the  periods  indicated,  the
percentage  relationship to net sales of certain expense and income  items.
This  information includes the results from all sales and distribution  and
component manufacturing facilities operated by the Company, including those
closed or sold during the period.

<TABLE>
<CAPTION>
                                  Three Months Ended      Six Months Ended
                                  ------------------      ----------------
                                   June 24,  June 26,    June 24,  June 26,
                                     2000     1999         2000      1999
                                     ----     ----         ----      ----

<S>                                 <C>      <C>          <C>       <C>
Net sales                           100.0%   100.0%       100.0%    100.0%
Gross profit                         24.8%    23.0%        24.8%     23.4%
Selling, general and
  administrative expense             21.2%    19.0%        22.4%     20.7%
Depreciation, goodwill and
  trademark amortization              0.7%     0.6%         0.7%      0.6%
Provision for doubtful accounts       0.0%     0.0%         0.1%      0.1%

Other operating income               (0.3)%   (0.8)%       (0.3)%    (0.6)%
Income from operations                3.2%     4.2%         2.0%      2.6%

</TABLE>

                                      11

<PAGE>12

Net Earnings
------------

    The Company's results of operations historically are affected by, among
other  factors, weather conditions, interest rates, lumber prices,  housing
starts and other external economic factors.  Weather conditions during  the
first  six  months of 2000 were relatively comparable to  the  prior  year.
However,  the Company's largest region, the Midwest, experienced  extremely
wet  conditions in May and June which tends to adversely impact sales.  The
second  quarter and first half of 2000 showed continuing trends  of  higher
interest  rates, which many builders took as a sign to slow down production
and  test  demand.  As a result of these factors, housing  starts  for  the
second quarter of 2000 were down from the second quarter of 1999 a combined
5.4%  in  the Midwest and Northeast regions of the United States (5.3%  and
5.4%,  respectively).  The Midwest and Northeast represented  approximately
79.0% of the Company's sales in the second quarter of 2000 versus 76.4%  in
the  comparable  period  in 1999.  When combined with  the  South,  housing
starts  for the second quarter of this year were flat in all regions served
by  Wickes over the same period last year.  On a year-to-date basis, actual
housing starts are relatively comparable to last year.  In addition to  the
affects of the foregoing, escalating fuel prices and higher interest  rates
also have adversely impacted the Company's earnings.

    Dimensional lumber and panel products are commodities which  cause  the
Company's  costs  to  fluctuate with changing market conditions,  generally
tracked  using the Random Lengths Framing Composite Average and the  Random
Lengths  Panel  Index.   Increases in lumber  prices  ("lumber  inflation")
generally are passed on to the customer in the short term, with certain lag
effects, or are fixed in the futures market for a small percentage of long-
term sales contracts.  The converse is true in periods of decreasing lumber
prices ("lumber deflation").  In both cases, competition generally dictates
that  the  Company maintains its margin on a percentage basis.   Sales  and
gross  profit  generally benefit from lumber inflation  and  are  adversely
impacted by lumber deflation.

    Net  income  for the three months ended June 24, 2000 was $1.5  million
compared with a net income of $3.6 million for the three months ended  June
26,  1999.  The decrease in net income for the three-month period primarily
is  the  result  of increased selling, general and administrative  ("SG&A")
expenses,  interest and depreciation expenses, as well as  a  reduction  in
other operating income, all of which offset higher gross margin.

   Net loss for the first six months of 2000 was $1.7 million compared with
net  income of $311,000 for the first six months of 1999.  The decrease  in
net income for the six-month period primarily is the result of increases in
SG&A,  depreciation and interest expenses, as well as a reduction in  other
operating income, all of which offset higher gross margin.

                                      12

<PAGE>13


                 Three Months Ended June 24, 2000 Compared
                 -----------------------------------------
                 with the Three Months Ended June 26, 1999
                 -----------------------------------------

Net Sales
---------

    Net  sales  for  the second quarter of 2000 decreased  3.1%  to  $279.7
million  from  $288.8 million for the second quarter of 1999.   Same  store
sales  decreased 3.4% compared with the same period last year.  Same  store
sales to the Company's primary customers, building professionals, decreased
by 2.0% when compared with the second quarter of 1999.  Consumer same-store
sales  decreased by 8.1% for the quarter.  As of June 24, 2000 the  Company
operated 101 sales and distribution facilities, the same number it operated
during the second quarter of 1999.

    The  Company estimates that lumber deflation decreased total sales  for
the  second  quarter  of  2000 by approximately $20.7  million  versus  the
comparable period in 1999.  This estimate is based on 2000 unit  volume  at
the  corresponding  1999  estimated prices, determined  using  two  indices
indicative  of  lumber  price variance from period to  period.   Evidencing
lumber  deflation  for  the  period, the Random Lengths  Framing  Composite
Average  decreased an average of 19.1% and the Random Lengths  Panel  Index
declined an average of 17.7%.

    Sales  for  the  second  quarter of 2000 were  positively  impacted  by
investments in its target major markets and by new initiatives such as Tool
Rental  and Installed Programs.  However, these were offset by the  effects
of  lumber  deflation  on sales.  Same store sales decreased  6.5%  in  the
Company's nine target major markets, primarily driven by lumber deflation.

   Sales to building professionals as a percentage of total sales increased
to 88.0% in the second quarter of 2000 compared with 86.9% in 1999.  Lumber
and  building  materials accounted for 87.2% of total sales in  the  second
quarter of 2000 compared with 88.1% in 1999.

    Products  that exhibited the greatest change in sales for  the  quarter
ended  June 24, 2000 versus the comparable quarter in the prior  year  were
lumber and plywood (down 9.8%), panels and trusses (up 4.0%), drywall (down
15.4%),  roofing and roofing materials (down 9.2%), and treated wood  (down
7.0%).


Gross Profit
------------

    Gross  profit increased to $69.3 million in the second quarter of  2000
from  $66.3 million for the second quarter of 1999, a 4.5% increase.  Gross
profit  as a percentage of sales increased to 24.8% for the second  quarter

                                      13

<PAGE>14

of  2000  from 23.0% in 1999.  The increase in gross profit as a percentage
of  sales  resulted  from  increased sales  and  gross  profit  margins  on
internally manufactured products, the effects of lumber deflation, improved
buying leverage due to volume, and the expansion of the Company's installed
sales programs.

    For  the  quarter, sales of internally manufactured building components
increased to 48.9% of total distributed building components from  47.2%  in
the  prior  year.   The  dollar value of internally  manufactured  building
components  increased 6.8%, despite the effects of lumber  deflation.   The
Company  believes  that  while the sales effect  of  lumber  deflation  did
decrease the dollar value of gross profit by approximately $3.9 million  in
the  quarter,  gross  profit  as  a  percent  of  sales  increased  due  to
significant  and  rapid lumber cost declines over the  quarter.   Commodity
lumber accounted for 39.5% of sales in the second quarter of 2000, compared
with  41.8% for the second quarter of 1999.  The gross margin for commodity
lumber  improved 2.0% for the quarter ended June 24, 2000 versus  the  same
period last year.


Selling, General and Administrative Expense ("SG&A")
----------------------------------------------------

    SG&A  expense increased to 21.2% of net sales in the second quarter  of
2000  compared with 19.0% of net sales in the second quarter of 1999.   The
$4.5  million increase primarily is attributable to increases in  salaries,
wages and benefits, as well as delivery expense.  On an overall basis,  the
Company's  initiative to increase its production of internally manufactured
building  components and to expand and develop installed programs  impacted
each of these categories.

   Total  salaries,  wages  and benefits for the  second  quarter  of  2000
increased  approximately $2.5 million or 6.6% over the  second  quarter  of
1999.  On a combined basis, sales salaries, commissions, trucking labor and
sales  center labor exhibited an increase of approximately $1.3 million  or
6.3% over the comparable period last year.  This mainly was driven by sales
volume and product mix.  Manufacturing labor grew by approximately $274,000
or 10.3%.  This increase is reflective of the Company's strategic objective
to  increase the percentage of internally manufactured building components,
which  has the overall effect of increasing margins and profitability.   In
the  second  quarter of 2000, the Company increased production of  building
components to approximately 48.9% of total manufactured building components
distributed up from approximately 47.2% in the comparable period last year.
Management  and  supervisory salaries (including  administrative  salaries)
increased approximately $263,000 or 3.2% over the prior year as a result of
normal  annual increases as well as support for new initiatives.   Employee
taxes  and  benefits relating to the above increases in salaries and  wages
comprised an additional $645,000 or 10.1% increase over the prior year.  As
of  June 24, 2000, the Company had 4,412 full time and part time employees,
an increase of 0.7% from June 26, 1999.

                                      14

<PAGE>15

    Delivery  expense for the quarter increased approximately $1.0  million
or  29.6% over the prior year.  The increase was driven by various  Company
initiatives  and  by  the significant increase in fuel  prices  experienced
during  the second quarter of 2000.  With regard to initiatives, internally
manufactured building component programs include a delivery expense factor.
When  the  Company  purchases these components from external  sources,  the
vendor  generally is responsible for site delivery.  This  is  included  in
their  pricing  and  becomes  part of the Company's  cost  of  sales.   For
internally  manufactured  building components, Wickes  bears  the  cost  of
delivery.   Additionally,  the  expansion of installed  programs,  such  as
insulation, siding and gutters, has caused the Company to incur  additional
delivery expense through the trucks involved in these programs. Wickes  has
incurred  additional vehicle repair and maintenance, lease costs, fuel  and
other  costs of operation for both of these programs.  Finally, the Company
estimates  that  the  dramatic increases in fuel costs  nationwide  in  the
second  quarter  of 2000 cost Wickes approximately $480,000  in  additional
fuel expense versus the second quarter last year.


Depreciation, Goodwill and Trademark Amortization
-------------------------------------------------

    Depreciation,  goodwill and trademark amortization  increased  to  $1.8
million  for the second quarter of 2000 compared with $1.6 million for  the
same  period  in  1999.  This increase is primarily due to depreciation  on
three  component manufacturing facilities acquired since the second quarter
of  1999 as well as capital additions to support the Company's major market
program and manufacturing of building components.


Provision for Doubtful Accounts
-------------------------------

    The  provision for doubtful accounts was an expense of $71,000  in  the
second  quarter of 2000, compared with a benefit of $42,000 in  the  second
quarter of 1999.


Other Operating Income
----------------------

    Other  operating  income for the second quarter of  2000  was  $917,000
compared  with  $2.2 million for the second quarter of  1999.   During  the
second  quarter of 1999 the Company sold four pieces of excess real  estate
and  recorded  gains of $1.4 million.  There were no sales of  excess  real
estate  in the second quarter of 2000.  The Company also recorded  $347,000
in  expenses related to casualty losses during the second quarter of  1999,
including a fire at one of its component manufacturing facilities.

                                      15

<PAGE>16

Interest Expense
----------------

   In the second quarter of 2000 interest expense increased to $6.3 million
from $6.0 million during the second quarter of 1999.  This increase results
primarily from an increase in average total long-term debt of approximately
$5.8  million,  as  well  as  a 22 basis point increase  in  the  Company's
effective  borrowing  costs.  Approximately 90%  of  the  Company's  second
quarter  average  borrowings on its revolving credit facility  were  LIBOR-
based.


Provision for Income Taxes
--------------------------

    The  Company recorded income tax expense of $1.2 million for the second
quarter of 2000 compared with expense of $2.6 million in the second quarter
of  1999.  An effective federal and state income tax rate of 38.6% was used
to  calculate income taxes for the second quarter of 2000, compared with an
effective rate of 39.1% for the second quarter of 1999. In addition to  the
effective  income tax rate, state franchise taxes of $280,000 and  $232,000
for  the  second  quarter of 2000 and 1999, respectively,  were  calculated
separately and are included in the provision reported.

   The Company continues to review future earnings projections to determine
that  there is sufficient support for its deferred tax assets and valuation
allowance.  In spite of the losses incurred during 1997 and 1998 management
believes that it is more likely than not that the Company will receive full
benefit  of its net deferred tax asset and that the valuation allowance  is
properly  stated.  This assessment constitutes Forward-Looking  Information
made  pursuant  to  the  safe harbor provisions of the  Private  Securities
Litigation Reform Act of 1995 and is inherently subject to uncertainty  and
dependent  upon the Company's future profitability, which in  turn  depends
upon  a number of important risk factors including but not limited to:  the
effectiveness  of  the  Company's  operational  efforts,  cyclicality   and
seasonality  of  the  Company's  business, the  effects  of  the  Company's
substantial leverage, and competition.

                                      16

<PAGE>17

                  Six Months Ended June 24, 2000 Compared
                  ---------------------------------------
                  with the Six Months Ended June 26, 1999
                  ---------------------------------------

Net Sales
---------

    Net  sales  for the first six months of 2000 increased 3.2%  to  $495.5
million  from $479.9 million for the first six months of 1999.  Same  store
sales  increased 2.4% compared with the same period last year.  Same  store
sales to the Company's primary customers, building professionals, increased
4.7%  when compared with the first six months of 1999.  Consumer same store
sales decreased 6.5% for the same period. For the six months ended June 24,
2000  the Company operated 101 sales and distribution facilities, the  same
number it operated during the first six months of 1999.

    The  Company  estimates  that the net effect of  first  quarter  lumber
inflation  and  second quarter lumber deflation decreased  total  sales  by
approximately $18.4 million compared with the 1999 comparable period.

    The  Company believes that the sales increase for the six months  ended
June  24,  2000  primarily results from investments  in  its  target  major
markets  and  by  new initiatives such as Tool Rental and Installed  Sales.
However, these were offset by the net effects of lumber deflation on sales.
Same store sales in the Company's nine target major markets for this period
increased  3.4%  over the same period last year, with first  quarter  gains
partially offset by second quarter lumber deflation.

      Housing  starts in the first six months of 2000 were relatively  flat
(down  .7%),  nationally, in comparison to 1999.  In the Company's  primary
geographical markets, the Midwest and Northeast, housing starts  were  down
1.1%  over  the  comparable period last year, while in  the  South  housing
starts were up 0.6%.

   Sales to building professionals as a percentage of total sales increased
to 89.2% in the first half of 2000 compared with 87.9% in 1999.  Lumber and
building materials accounted for 86.8% of total sales in the first half  of
2000 compared with 87.5% in 1999.

    Products that exhibited the greatest change in sales for the six months
ended  June  24, 2000 versus the comparable period in the prior  year  were
panels  and  trusses (up 10.7%), drywall (down 4.6%), roofing  and  roofing
materials  (down  8.8%), treated wood (down 1.2%), windows  and  doors  (up
7.6%), and lumber and plywood (down 0.6%).

                                      17

<PAGE>18

Gross Profit
------------

    Gross  profit  for  the first six months of 2000  increased  to  $123.0
million  from  $112.3  million for the first six months  of  1999,  a  9.5%
increase.  Gross profit as a percentage of sales increased to 24.8% for the
first  six months of 2000 from 23.4% in 1999.  The increase in gross profit
as  a  percentage  of sales results from increased sales and  gross  profit
margins  on internally manufactured products, the effects of lumber prices,
improved buying leverage due to increased volume, and the expansion of  the
Company's installed sales programs.

   For the six months ended June 24, 2000, sales of internally manufactured
building  components  increased  to 50.2%  of  total  distributed  building
components  from 46.5% in the prior year.  The dollar value  of  internally
manufactured  building components increased 21.3%.  During  the  first  six
months  of  Fiscal 2000, the Company experienced both lumber inflation  and
deflation.   The  net effect of lumber prices on sales  for  the  six-month
period was a reduction of approximately $18.4 million, which had the effect
of  reducing gross margin by approximately $3.4 million.  Commodity  lumber
accounted for 38.9% of sales in the first six months of 2000, compared with
40.4%  in  the  first  six months of 1999.  The gross margin  on  commodity
lumber improved 1.3% for the six months ended June 24, 2000 versus the same
period last year.


Selling, General and Administrative Expense
-------------------------------------------

    SG&A expense increased to 22.4% of net sales in the first six months of
2000 compared with 20.7% of net sales in the first six months of 1999.  The
$11.3  million increase primarily is attributable to increases in salaries,
wages and benefits; delivery expense; and travel.  On an overall basis, the
Company's  initiative to increase its production of internally manufactured
building  components and to expand and develop installed programs  impacted
each of these categories.

   Total  salaries,  wages and benefits for the first six  months  of  2000
increased approximately $7.4 million or 10.7% over the first six months  of
1999.  On a combined basis, sales salaries, commissions, trucking labor and
sales  center labor increased approximately $3.7 million or 10.0% over  the
comparable  period last year.  This mainly was driven by sales  volume  and
product mix.  Manufacturing labor grew by approximately $894,000 or  19.9%.
This  increase  is  reflective  of  the Company's  strategic  objective  to
increase  the  percentage of internally manufactured  building  components,
which  has the overall effect of increasing margins and profitability.   In
the  first  half  of  2000, the Company increased  production  of  building
components  to approximately 50.2% of total sales of manufactured  building
components  from  approximately 46.5% in the comparable period  last  year.
Management  and  supervisory salaries (including  administrative  salaries)
increased  approximately $1.3 million or 9.0% over  the  prior  year  as  a
result  of  a  normal  annual increases and support  for  new  initiatives.

                                      18

<PAGE>19

Employee taxes and benefits relating to the above increases in salaries and
wages comprised an additional $1.3 million or 10.1% increase over the prior
year.  As  of June 24, 2000, the Company had 4,412 full time and part  time
employees, an increase of 0.7% from June 26, 1999.

    Delivery  expense  for  the six months ended June  24,  2000  increased
approximately  $1.8  million or 29.0% over the same period  in  1999.   The
increase  was  driven by various initiatives and by the  increase  in  fuel
prices which began in the first quarter of 2000 and significantly escalated
during  the  second quarter. The expansion of installed programs,  such  as
insulation, siding and gutters, has caused the Company to incur  additional
delivery expense through the trucks involved in these programs. Wickes  has
incurred  additional vehicle repair and maintenance, lease costs, fuel  and
other costs of operation as a result of these initiatives.

    Travel  expense increased approximately $600,000 or 28.3% in the  first
half  of 2000 versus the comparable period last year.  This travel reflects
efforts to increase sales and support new initiatives.


Depreciation, Goodwill and Trademark Amortization
-------------------------------------------------


    Depreciation,  goodwill and trademark amortization  increased  to  $3.6
million for the first six months of 2000 compared with $3.0 million for the
same  period  in  1999.  This increase is primarily due to depreciation  on
three  component manufacturing facilities acquired since the first  quarter
of  1999  as  well as capital additions as a result of the Company's  major
market program and manufacturing of building components.


Provision for Doubtful Accounts
-------------------------------

    The provision for doubtful accounts increased to $503,000 for the first
six months of 2000 from $406,000 in the first six months of 1999.


Other Operating Income
----------------------

   Other operating income for the first six months of 2000 was $1.7 million
compared with $3.0 million for the first six months of 1999.  In the  first
six  months  of  2000 and 1999, the Company recorded gains of approximately
$0.2  million  and  $1.6 million respectively on the sale  of  excess  real
estate and equipment.  In 1999, the Company recorded costs of $269,000  for
carrying  costs  of  closed operations and $317,000  for  casualty  losses,
including a fire at one of its component manufacturing facilities.

                                      19

<PAGE>20

Interest Expense
----------------

    In  the  first six months of 2000 interest expense increased  to  $12.0
million  from $11.3 million during the first six months of 1999,  resulting
primarily from an increase in average total long-term debt of approximately
$14.1  million.  Approximately 80% of the Company's average  borrowings  on
its  revolving credit facility, during the first six months of  2000,  were
LIBOR-based.


Provision for Income Taxes
--------------------------

    The  Company recorded income tax benefit of $468,000 for the first  six
months  of  2000  compared with a provision of $844,000 in  the  first  six
months  of 1999.  An effective federal and state income tax rate  of  38.8%
was  used  to  calculate income taxes for the first  six  months  of  2000,
compared with an effective rate of 39.1% for the first six months of  1999.
In  addition  to  the effective income tax rate, state franchise  taxes  of
$466,000  and  $517,000  for  the  first  six  months  of  2000  and  1999,
respectively, were calculated separately and are included in the  provision
reported.


Recently Issued Accounting Pronouncements
-----------------------------------------

    Statement  of  Financial Accounting Standards No. 133, "Accounting  for
Derivative Instruments and Hedging Activities," standardizes the accounting
for  derivative instruments by requiring that all derivatives be recognized
as  assets  and liabilities and measured at fair value.  The  statement  is
effective  for  fiscal years beginning after June 15,  2000.   The  Company
currently is evaluating the effects of this pronouncement.


Year 2000
---------

   To  date  the  Company  has not experienced any  significant  Year  2000
problems.   The  Year  2000 problem related to the  possible  inability  of
certain  computer programs and computer hardware to properly  handle  dates
after  December 31, 1999.  In response to the Year 2000 issue, the  Company
initiated a plan in early 1997 to identify, evaluate and implement  changes
to  its  existing  computerized business systems.  The plan  also  included
steps to ensure the Company was not at risk for problems that may occur  at
its suppliers or customers.

     The  Company's total cost for the Year 2000 project was  estimated  at
$2.7  million.   Through  June 2000, approximately $2.6  million  has  been
spent,  of  which  approximately $0.9 million is  for  the  replacement  of
systems  and  equipment which was accelerated due to the Year 2000  problem
and has been capitalized over the systems' estimated useful lives.

                                      20

<PAGE>21

Liquidity and Capital Resources
-------------------------------

    The  Company's principal sources of working capital and  liquidity  are
earnings and borrowings under its revolving credit facility.  The Company's
primary  need  for capital resources is to finance inventory  and  accounts
receivable.

    During  the  first  six  months of 2000  net  cash  used  in  operating
activities  was  $24.1 million, $18.9 million less than the  $43.0  million
used  in  the  first six months of 1999. The first six months of  the  year
historically have generated negative cash flows from operating  activities.
With  the  peak  building season historically occurring in the  second  and
third quarters, the Company normally experiences increases in its inventory
levels  during the first quarter to meet the anticipated increase in sales,
and  in  the  second quarter increases in accounts receivable  occur  as  a
result of the increased sales activity.

    The  Company's  accounts receivable balance at the end  of  the  second
quarter  of  2000 decreased $14.4 million when compared to the end  of  the
second  quarter  of  1999, a decrease of 11.4%.  This difference  primarily
results from the overall sales decrease in the second quarter of 2000.

    Inventory at the end of the second quarter of 2000 was $3.4 million, or
2.6%,  higher than at the end of the second quarter of 1999.  This increase
largely  is  attributable to the additional inventory required  to  support
anticipated  third  quarter  sales  and  on-going  construction   projects.
Accounts  payable  at  the  end of the second  quarter  of  2000  decreased
approximately $18.7 million, or 25.7% from the second quarter of 1999.  The
decrease primarily is attributable to improved cash flows from operations.

   The Company's capital expenditures consist primarily of the construction
of  storage  facilities;  the  remodeling and  reformatting  of  sales  and
distribution  facilities; expansion of component manufacturing  facilities;
and  the purchase of vehicles, equipment and management information systems
for   both  existing  and  new  operations.   The  Company  also  may  make
expenditures to establish or acquire operations and to expand or complement
its existing operations, especially in its major markets.  In the first six
months  of  2000 the Company spent $4.6 million on capital expenditures  as
compared  to $4.2 million for the same period in 1999.  Under the Company's
bank  revolving  credit  agreement, capital expenditures  during  2000  are
currently limited to $7.2 million.  In the event capital expenditure  needs
exceed  the limit set in the Company's new revolving credit agreement,  the
Company  will seek an amendment to allow increased capital spending  during
2000.  In addition to capital expenditures, this revolving credit agreement
allows  the  Company  to  spend  up  to $30  million,  subject  to  certain
restrictions,  for  acquisitions.   The Company  expects  to  fund  capital
expenditures through borrowings and its internally generated cash flow.

                                      21

<PAGE>22

    The Company maintained excess availability under its revolving line  of
credit  throughout the first six months of 2000.  At the end of the  second
quarter  total  borrowings under the revolving line  of  credit  were  $6.0
million  higher than at the end of the second quarter of 1999.   Under  the
current  terms of the Company's bank revolving credit agreement the Company
believes that it will continue to have sufficient funds available  for  its
anticipated operations and capital expenditures.  At June 24, 2000,  $149.8
million  was outstanding under the Company's revolving line of credit,  and
the unused availability was approximately $22.1 million.

                                      22

<PAGE>23

                       WICKES INC. AND SUBSIDIARIES

Item 3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
-------------------------------------------------------------------

    The  Company  is  subject  to market risk associated  with  changes  in
interest rates and lumber futures contracts.

    The  Company  enters into lumber futures contracts as a  hedge  against
future  lumber price fluctuations.  All futures contracts are purchased  to
protect   long-term  pricing  commitments  on  specific   future   customer
purchases.  While lumber futures contracts are entered on a risk management
basis,  the  Company's  hedge positions could  show  a  net  gain  or  loss
depending  on  prevailing  market conditions.  At  December  25,  1999  the
Company  had  15 lumber futures contracts outstanding with a  total  market
value of $552,000 and an immaterial net unrealized loss.  At June 24,  2000
the Company had 45 lumber futures contracts outstanding with a total market
value  of  $1.3 million and an approximate net unrealized loss of $240,000.
These contracts all mature in 2000.

    The  fair  value of the Company's fixed rate debt was  $85  million  at
December  25, 1999 and $80 million at June 24, 2000.  Assuming a 100  basis
point  decrease in the yield to maturity, the fair value of the fixed  rate
debt  would  have increased $2.4 million and $1.9 million at  December  25,
1999 and June 24, 2000, respectively.

   The  Company's revolving line of credit provides for, subject to certain
restrictions, up to $160 million of revolving credit loans and the issuance
of  up  to  $10 million of letters of credit.  Depending upon the Company's
rolling four-quarter interest coverage ratio, amounts outstanding under the
new  revolving line of credit will bear interest at a spread above the base
rate  of from 0% to 0.75% or from 1.50% to 2.25% above the applicable LIBOR
rate.   The rate is adjusted quarterly upon delivery to the lenders of  the
Company's most recent quarterly financial statements.  Interest on  amounts
outstanding  under the revolving line of credit will bear interest,  during
the  third quarter of 1999, at a spread above the base rate of Fleet Retail
Finance Inc. of 0.25%, or 1.75% above the applicable LIBOR rate.  Based  on
the Company's average borrowings for the first six months of 2000 under its
revolving credit agreement, subject to the effect of the interest rate swap
agreement,  a 25 basis point movement in the base rate or LIBOR rate  would
result  in  an  approximate $235,000 annualized  increase  or  decrease  in
interest expense.

   For additional discussion, reference is made to information contained in
Item  7A, Quantitative and Qualitative Disclosures About Market Risk, filed
as part of the Company's Form 10K as of December 25, 1999.

                                      23

<PAGE>24

                            PART II
                       OTHER INFORMATION




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

     (a)  Exhibits

          27.1 Financial data schedule (SEC use only).


     (b)  Reports on Form 8-K

               None.


                                      24

<PAGE>25


                           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.

                              WICKES INC.




                         By:  /s/ J. Steven Wilson
                              --------------------
                              J. Steven Wilson
                              Chairman and Chief Executive Officer
                              (Principal Executive and Financial Officer)



                         By:  /s/ Russell J. Bonaguidi
                              ------------------------
                              Russell J. Bonaguidi
                              Vice President & Controller
                              (Principal Accounting Officer)


Date:  August 8, 2000

                                      25