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):
                       August 31, 2005 (August 29, 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 7.01        Regulation FD Disclosure.

         As previously reported, on January 14, 2005, Friedman's and certain of
its subsidiaries (collectively, the "Debtors") filed voluntary petitions for
relief under chapter 11 of title 11 of the United States Code (the "Bankruptcy
Code") in the United States Bankruptcy Court for the Southern District of
Georgia, located in Savannah (the "Bankruptcy Court") (Case No. 05-40129). On
August 29, 2005, the Company filed with the Bankruptcy Court its monthly
consolidated operating report, as required by the Bankruptcy Code, for the
period July 3, 2005 through July 30, 2005 (the "Operating Report"), the text of
which is included as Exhibit 99.1 to this Current Report on Form 8-K.

Cautionary Statement Regarding Financial and Operating Data
-----------------------------------------------------------

         The Company cautions investors and potential investors not to place
undue reliance on the information contained in the Operating Report. The
Operating Report contains financial information that has not been audited or
reviewed by independent accountants and may be subject to future reconciliation
and adjustments. The Operating Report is in a format agreed to between the
Debtors and the Office of the United States Trustee and should not be used for
investment purposes. The Operating Report contains information for periods
different from those required in the Company's reports pursuant to the
Securities Exchange Act of 1934 (the "Exchange Act"), and that information might
not be indicative of the Company's financial condition or operating results for
the period that would be reflected in the Company's financial statements or in
its reports pursuant to the Exchange Act. Results set forth in the Operating
Report should not be viewed as indicative of future results.

Cautionary Statement Regarding Forward-Looking Statements
---------------------------------------------------------

         Some of the statements included in this Current Report on Form 8-K and
in the Operating Report, particularly those anticipating future financial
performance, business prospects, growth and operating strategies and similar
matters, are forward-looking statements that involve a number of risks and
uncertainties. For those statements, we claim the protection of the safe harbor
for forward-looking statements contained in the Private Securities Litigation
Reform Act of 1995. These forward-looking statements are not guarantees of
future performance and a variety of factors could cause the Company's actual
results to differ materially from the anticipated or expected results expressed
in these forward-looking statements. The Company undertakes no obligation to
update or revise any such forward-looking statements. The forward-looking
statements and the Company's liquidity, capital resources, and results of
operations are subject to a number of risks and uncertainties, including, but
not limited to, the following: the ability of the Company to operate as a going
concern; the ability of the Company to continue to obtain use of cash collateral
and/or debtor-in-possession (DIP) financing pursuant to the terms of such
agreements; the ability of the Company to comply with the terms and conditions
of its DIP financing, including its secured subordinated term loan with Harbert
Distressed Investment Master Fund, Ltd.; court approval of the motions
prosecuted by the Company from time to time; the ability of the Company to
develop, prosecute, confirm and consummate one or more plans of reorganization
with respect to the chapter 11 case; risks associated with third parties seeking
and obtaining court approval to terminate or shorten the exclusivity period for
the Company to propose and confirm one or more plans of reorganization, for the
appointment of a chapter 11 trustee or to convert the cases to chapter 7 cases;
the ability of the Company to obtain trade credit, and shipments and terms with
vendors and service providers for current orders; the Company's ability to
maintain contracts that are critical to its operations; potential adverse
developments with respect to the Company's liquidity and/or results of
operations; competitive pressures from other retailers; trends in the economy as
a whole which may affect consumer confidence and consumer demand for the types
of goods sold by the Company; the ability of the Company to attract, retain and
compensate key executives and associates; the ability of the Company to attract
and retain customers; potential adverse publicity; the final results of the
audit including the review of the calculation of our allowance for doubtful
accounts; the results of the SEC and United States Attorney's Office for the
Eastern District of New York investigations; the results of various litigation;
the effect of the restatement on our credit facilities, including funding
availability thereunder and our relationship with our lenders; the effect of the
restatement on our future earnings, including any adjustments to previously
announced earnings forecasts; and other risks factors identified from time to
time in our SEC reports, including, but not limited to, the report on Form 10-K
for the year ended September 28, 2002.

         Similarly, these and other factors, including the terms of any
reorganization plan ultimately confirmed, can affect the value of our various
prepetition liabilities, common stock and/or other equity securities. No
assurance can be given as to what values, if any, will be ascribed in the
bankruptcy proceedings to each of these constituencies. A plan of reorganization
could result in holders of the Company's common stock receiving no distribution
on account of their interest and cancellation of their interests. As described
in the Company's public statements in response to the request submitted to the
United States Trustee for the appointment of a statutory equity committee,
holders of the Company's common stock (both Series A and Series B common stock)
and other equity interests (such as options and warrants) should assume that
they could receive little or no value as part of a plan of reorganization. In
addition, under certain conditions specified under the Bankruptcy Code, a plan
of reorganization may be confirmed notwithstanding its rejection by an impaired
class of creditors or equity holders and notwithstanding the fact that equity
holders do not receive or retain property on account of their equity interests
under the plan. In light of the foregoing, the Company considers the value of
the common stock to be highly speculative and cautions equity holders that the
stock may ultimately be determined to have no value. Accordingly, the Company
urges that appropriate caution be exercised with respect to existing and future
investments in the Company's common stock or any claims relating to prepetition
liabilities and/or other interests in the Company such as warrants convertible
into equity interests.

<PAGE>

Item 9.01.        Financial Statements and Exhibits.

         (c)      Exhibits.

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

Exhibit 99.1          Monthly Operating Statements for the period July 3, 2005
                      through July 30, 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:     August 30, 2005                   By: /s/ Ken Maher
                                                --------------------------------
                                                Ken Maher
                                                Chief Financial Officer

<PAGE>

                                  EXHIBIT INDEX

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

Exhibit 99.1          Monthly Operating Statements for the period July 3, 2005
                      through July 30, 2005
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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):
                       August 31, 2005 (August 29, 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 7.01        Regulation FD Disclosure.

         As previously reported, on January 14, 2005, Friedman's and certain of
its subsidiaries (collectively, the "Debtors") filed voluntary petitions for
relief under chapter 11 of title 11 of the United States Code (the "Bankruptcy
Code") in the United States Bankruptcy Court for the Southern District of
Georgia, located in Savannah (the "Bankruptcy Court") (Case No. 05-40129). On
August 29, 2005, the Company filed with the Bankruptcy Court its monthly
consolidated operating report, as required by the Bankruptcy Code, for the
period July 3, 2005 through July 30, 2005 (the "Operating Report"), the text of
which is included as Exhibit 99.1 to this Current Report on Form 8-K.

Cautionary Statement Regarding Financial and Operating Data
-----------------------------------------------------------

         The Company cautions investors and potential investors not to place
undue reliance on the information contained in the Operating Report. The
Operating Report contains financial information that has not been audited or
reviewed by independent accountants and may be subject to future reconciliation
and adjustments. The Operating Report is in a format agreed to between the
Debtors and the Office of the United States Trustee and should not be used for
investment purposes. The Operating Report contains information for periods
different from those required in the Company's reports pursuant to the
Securities Exchange Act of 1934 (the "Exchange Act"), and that information might
not be indicative of the Company's financial condition or operating results for
the period that would be reflected in the Company's financial statements or in
its reports pursuant to the Exchange Act. Results set forth in the Operating
Report should not be viewed as indicative of future results.

Cautionary Statement Regarding Forward-Looking Statements
---------------------------------------------------------

         Some of the statements included in this Current Report on Form 8-K and
in the Operating Report, particularly those anticipating future financial
performance, business prospects, growth and operating strategies and similar
matters, are forward-looking statements that involve a number of risks and
uncertainties. For those statements, we claim the protection of the safe harbor
for forward-looking statements contained in the Private Securities Litigation
Reform Act of 1995. These forward-looking statements are not guarantees of
future performance and a variety of factors could cause the Company's actual
results to differ materially from the anticipated or expected results expressed
in these forward-looking statements. The Company undertakes no obligation to
update or revise any such forward-looking statements. The forward-looking
statements and the Company's liquidity, capital resources, and results of
operations are subject to a number of risks and uncertainties, including, but
not limited to, the following: the ability of the Company to operate as a going
concern; the ability of the Company to continue to obtain use of cash collateral
and/or debtor-in-possession (DIP) financing pursuant to the terms of such
agreements; the ability of the Company to comply with the terms and conditions
of its DIP financing, including its secured subordinated term loan with Harbert
Distressed Investment Master Fund, Ltd.; court approval of the motions
prosecuted by the Company from time to time; the ability of the Company to
develop, prosecute, confirm and consummate one or more plans of reorganization
with respect to the chapter 11 case; risks associated with third parties seeking
and obtaining court approval to terminate or shorten the exclusivity period for
the Company to propose and confirm one or more plans of reorganization, for the
appointment of a chapter 11 trustee or to convert the cases to chapter 7 cases;
the ability of the Company to obtain trade credit, and shipments and terms with
vendors and service providers for current orders; the Company's ability to
maintain contracts that are critical to its operations; potential adverse
developments with respect to the Company's liquidity and/or results of
operations; competitive pressures from other retailers; trends in the economy as
a whole which may affect consumer confidence and consumer demand for the types
of goods sold by the Company; the ability of the Company to attract, retain and
compensate key executives and associates; the ability of the Company to attract
and retain customers; potential adverse publicity; the final results of the
audit including the review of the calculation of our allowance for doubtful
accounts; the results of the SEC and United States Attorney's Office for the
Eastern District of New York investigations; the results of various litigation;
the effect of the restatement on our credit facilities, including funding
availability thereunder and our relationship with our lenders; the effect of the
restatement on our future earnings, including any adjustments to previously
announced earnings forecasts; and other risks factors identified from time to
time in our SEC reports, including, but not limited to, the report on Form 10-K
for the year ended September 28, 2002.

         Similarly, these and other factors, including the terms of any
reorganization plan ultimately confirmed, can affect the value of our various
prepetition liabilities, common stock and/or other equity securities. No
assurance can be given as to what values, if any, will be ascribed in the
bankruptcy proceedings to each of these constituencies. A plan of reorganization
could result in holders of the Company's common stock receiving no distribution
on account of their interest and cancellation of their interests. As described
in the Company's public statements in response to the request submitted to the
United States Trustee for the appointment of a statutory equity committee,
holders of the Company's common stock (both Series A and Series B common stock)
and other equity interests (such as options and warrants) should assume that
they could receive little or no value as part of a plan of reorganization. In
addition, under certain conditions specified under the Bankruptcy Code, a plan
of reorganization may be confirmed notwithstanding its rejection by an impaired
class of creditors or equity holders and notwithstanding the fact that equity
holders do not receive or retain property on account of their equity interests
under the plan. In light of the foregoing, the Company considers the value of
the common stock to be highly speculative and cautions equity holders that the
stock may ultimately be determined to have no value. Accordingly, the Company
urges that appropriate caution be exercised with respect to existing and future
investments in the Company's common stock or any claims relating to prepetition
liabilities and/or other interests in the Company such as warrants convertible
into equity interests.
Item 9.01.        Financial Statements and Exhibits.

         (c)      Exhibits.

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

Exhibit 99.1          Monthly Operating Statements for the period July 3, 2005
                      through July 30, 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:     August 30, 2005                   By: /s/ Ken Maher
                                                --------------------------------
                                                Ken Maher
                                                Chief Financial Officer
EXHIBIT INDEX

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

Exhibit 99.1          Monthly Operating Statements for the period July 3, 2005
                      through July 30, 2005