UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                               _________________


                                    FORM 8-K


                                 CURRENT REPORT
                     Pursuant to Section 13 or 15(d) of the
                        Securities Exchange Act of 1934


      Date of Report (Date of Earliest Event Reported): February 16, 2005
                                                       (February 15, 2005)


                                Friedman's Inc.
             (Exact Name of Registrant as Specified in its Charter)


           Delaware                     0-22356                   58-20583
 (State or Other Jurisdiction       (Commission File           (IRS Employer
      of Incorporation)                 Number)             Identification No.)


                             171 Crossroads Parkway
                            Savannah, Georgia 31422
                    (Address of Principal Executive Offices)


                                 (912) 233-9333
              (Registrant's telephone number, including area code)


         Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

/_/   Written communications pursuant to Rule 425 under the Securities Act
      (17 CFR 230.425)

/_/   Soliciting material pursuant to Rule 14a-12 under the Exchange Act
      (17 CFR 240.14a-12)

/_/   Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))

/_/   Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))



<PAGE>

Item 8.01         Other Events.

         On February 15, 2005, the Friedman's Inc. (the "Company") issued a
press release which announced that the Company will seek the Bankruptcy Court's
approval in its chapter 11 reorganization to close up to 165 underperforming
stores in 17 states and sell in excess of $25 million of inventory through a
Court-approved disposition process. The text of the press release is included
as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by
reference into this Item.

Item 9.01.        Financial Statements and Exhibits.

         (c) Exhibits.

         The following exhibits are filed as part of this report:


Exhibit
Number                Description
-------               -----------

Exhibit 99.1          Press release dated February 15, 2005

<PAGE>


                                   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 hereunto duly authorized.


                                            FRIEDMAN'S INC.


Date: February 16, 2005                     By:  /s/ C. Steven Moore
                                                -----------------------------
                                                C. Steven Moore
                                                Chief Administrative Officer
                                                and General Counsel

<PAGE>



                                 EXHIBIT INDEX

Exhibit
Number                Description
-------               -----------

Exhibit 99.1          Press release dated February 15, 2005
[{"type": "8-K", "sequence": "1", "filename": "ny970660.txt", "description": "FORM 8-K", "secsgml_size_bytes": 3468}]
{"company-data": {"conformed-name": "FRIEDMANS INC", "cik": "0000911004", "assigned-sic": "5944", "irs-number": "582058362", "state-of-incorporation": "DE", "fiscal-year-end": "0826"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-31707", "film-number": "05621651"}, "business-address": {"street1": "4 WEST STATE ST", "city": "SAVANNAH", "state": "GA", "zip": "31401", "phone": "9122339333"}, "mail-address": {"street1": "4 W STATE ST", "city": "SAVANNAH", "state": "GA", "zip": "31401"}}
UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                               _________________

                                    FORM 8-K

                                 CURRENT REPORT
                     Pursuant to Section 13 or 15(d) of the
                        Securities Exchange Act of 1934

      Date of Report (Date of Earliest Event Reported): February 16, 2005
                                                       (February 15, 2005)

                                Friedman's Inc.
             (Exact Name of Registrant as Specified in its Charter)

           Delaware                     0-22356                   58-20583
 (State or Other Jurisdiction       (Commission File           (IRS Employer
      of Incorporation)                 Number)             Identification No.)

                             171 Crossroads Parkway
                            Savannah, Georgia 31422
                    (Address of Principal Executive Offices)

                                 (912) 233-9333
              (Registrant's telephone number, including area code)

         Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

/_/   Written communications pursuant to Rule 425 under the Securities Act
      (17 CFR 230.425)

/_/   Soliciting material pursuant to Rule 14a-12 under the Exchange Act
      (17 CFR 240.14a-12)

/_/   Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))

/_/   Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))
Item 8.01         Other Events.

         On February 15, 2005, the Friedman's Inc. (the "Company") issued a
press release which announced that the Company will seek the Bankruptcy Court's
approval in its chapter 11 reorganization to close up to 165 underperforming
stores in 17 states and sell in excess of $25 million of inventory through a
Court-approved disposition process. The text of the press release is included
as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by
reference into this Item.

Item 9.01.        Financial Statements and Exhibits.

         (c) Exhibits.

         The following exhibits are filed as part of this report:

Exhibit
Number                Description
-------               -----------

Exhibit 99.1          Press release dated February 15, 2005
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 hereunto duly authorized.

                                            FRIEDMAN'S INC.

Date: February 16, 2005                     By:  /s/ C. Steven Moore
                                                -----------------------------
                                                C. Steven Moore
                                                Chief Administrative Officer
                                                and General Counsel
EXHIBIT INDEX

Exhibit
Number                Description
-------               -----------

Exhibit 99.1          Press release dated February 15, 2005