SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                            ------------------------

                                    FORM 8-K

                                 CURRENT REPORT

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

                            ------------------------

Date of Report: July 30, 1998

                              CONCORD CAMERA CORP.
             (Exact name of registrant as specified in its charter)

                     New Jersey                   13-3152196
         (State or other jurisdiction       (I.R.S Employer
         of incorporation or                 Identification No.)
         organization)


                                    0-17038
                            (Commission File Number)

35 Mileed Way, Avenel, New Jersey                      07001
(Address of principal executive offices)             (Zip Code)

Registrant's telephone number, including area code (732) 499-8280



<PAGE>



ITEM 5.  OTHER MATERIALLY IMPORTANT EVENTS.

                  On July 30,  1998,  the  Registrant  issued the press  release
attached hereto as Exhibit 99.1.

ITEM 7.  EXHIBITS

                  Press Release, dated July 30, 1998.



<PAGE>


SIGNATURE

          Pursuant to the  requirements of the Securities  Exchange Act of 1934,
the  registrant  has duly  caused  this report to be signed on its behalf by the
undersigned thereunto duly authorized.

Date:  July 30, 1998

                         CONCORD CAMERA CORP.
                            (Registrant)

                         By:    /s/ Harlan I. Press
                         Name:  Harlan I. Press
                         Title: Corporate Controller


<PAGE>


                                 EXHIBIT INDEX


Exhibit No.         Description

99.1                Press Release, dated July 30, 1998


<PAGE>


                                                  EXHIBIT 99.1

CONTACT:                 or             LENS' INVESTOR RELATIONS COUNSEL:
Concord Camera Corp.                    The Equity Group, Inc.
Harlan I. Press, Controller             Marie Driscoll      (212) 836-9605
(732) 499-8280                          Linda Latman        (212) 836-9609
                                        FAX ON DEMAND       (888) 329-2802



                             FOR IMMEDIATE RELEASE

Avenel,  New Jersey - July 30, 1998 - Concord  Camera  Corp.  ("Concord")(NASDAQ
National Market: LENS) today announced consummation of a private offering of $15
million of its 11% senior  notes due 2005 made  pursuant  to Rule 144A under the
Securites  Act of 1933.  The senior notes were issued at a price equal to 99% of
the face amount  thereof.  The net proceeds from the  placement  will be used to
support the Company's continued growth.


Concord  Camera Corp.  is  principally  engaged in the  manufacture  and sale of
popularly-priced,  easy-to-use,  conventional  and  single-use 35 millimeter and
Advanced  Photo System cameras and 110 cartridge  cameras which it  manufactures
and  assembles  in the  Peoples  Republic of China on an OEM basis and under the
trade names CONCORD,  KEYSTONE,  LE CLIC, APEX and, for sales outside the United
States and Mexico,  ARGUS trade names,  as well as private  lables.  The Company
sells and markets its camera products  worldwide through direct sales offices in
the United States, Canada, Germany, Hong Kong, Japan, United Kingdom, France and
through independent sales agents.
[{"type": "8-K", "sequence": "1", "secsgml_size_bytes": 3565}]
{"company-data": {"conformed-name": "CONCORD CAMERA CORP", "cik": "0000831861", "assigned-sic": "3861", "irs-number": "133152196", "state-of-incorporation": "NJ", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-17038", "film-number": "98676670"}, "business-address": {"street1": "35 MILEED WAY", "city": "AVENEL", "state": "NJ", "zip": "07001", "phone": "9084998280"}, "mail-address": {"street1": "35 MILEED WAY", "city": "AVENEL", "state": "NJ", "zip": "07001"}}
SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                            ------------------------

                                    FORM 8-K

                                 CURRENT REPORT

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

                            ------------------------

Date of Report: July 30, 1998

                              CONCORD CAMERA CORP.
             (Exact name of registrant as specified in its charter)

                     New Jersey                   13-3152196
         (State or other jurisdiction       (I.R.S Employer
         of incorporation or                 Identification No.)
         organization)

                                    0-17038
                            (Commission File Number)

35 Mileed Way, Avenel, New Jersey                      07001
(Address of principal executive offices)             (Zip Code)

Registrant's telephone number, including area code (732) 499-8280
ITEM 5.  OTHER MATERIALLY IMPORTANT EVENTS.

                  On July 30,  1998,  the  Registrant  issued the press  release
attached hereto as Exhibit 99.1.

ITEM 7.  EXHIBITS

                  Press Release, dated July 30, 1998.
SIGNATURE

          Pursuant to the  requirements of the Securities  Exchange Act of 1934,
the  registrant  has duly  caused  this report to be signed on its behalf by the
undersigned thereunto duly authorized.

Date:  July 30, 1998

                         CONCORD CAMERA CORP.
                            (Registrant)

                         By:    /s/ Harlan I. Press
                         Name:  Harlan I. Press
                         Title: Corporate Controller
EXHIBIT INDEX

Exhibit No.         Description

99.1                Press Release, dated July 30, 1998
EXHIBIT 99.1

CONTACT:                 or             LENS' INVESTOR RELATIONS COUNSEL:
Concord Camera Corp.                    The Equity Group, Inc.
Harlan I. Press, Controller             Marie Driscoll      (212) 836-9605
(732) 499-8280                          Linda Latman        (212) 836-9609
                                        FAX ON DEMAND       (888) 329-2802

                             FOR IMMEDIATE RELEASE

Avenel,  New Jersey - July 30, 1998 - Concord  Camera  Corp.  ("Concord")(NASDAQ
National Market: LENS) today announced consummation of a private offering of $15
million of its 11% senior  notes due 2005 made  pursuant  to Rule 144A under the
Securites  Act of 1933.  The senior notes were issued at a price equal to 99% of
the face amount  thereof.  The net proceeds from the  placement  will be used to
support the Company's continued growth.

Concord  Camera Corp.  is  principally  engaged in the  manufacture  and sale of
popularly-priced,  easy-to-use,  conventional  and  single-use 35 millimeter and
Advanced  Photo System cameras and 110 cartridge  cameras which it  manufactures
and  assembles  in the  Peoples  Republic of China on an OEM basis and under the
trade names CONCORD,  KEYSTONE,  LE CLIC, APEX and, for sales outside the United
States and Mexico,  ARGUS trade names,  as well as private  lables.  The Company
sells and markets its camera products  worldwide through direct sales offices in
the United States, Canada, Germany, Hong Kong, Japan, United Kingdom, France and
through independent sales agents.