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Prepared and filed by St Ives Financial
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<p align="center"><font size="2" face="serif">UNITED STATES</font><br>
<font size="2" face="serif">SECURITIES AND EXCHANGE COMMISSION</font><br>
<font size="2" face="serif">WASHINGTON, D.C. 20549</font></p>
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<p align="center"><font size="2" face="serif">FORM 8-K</font></p>
<p align="center"><font size="2" face="serif">CURRENT REPORT</font><br>
<font size="2" face="serif">PURSUANT TO SECTION 13 OR 15(d) OF THE</font><br>
<font size="2" face="serif">SECURITIES EXCHANGE ACT OF 1934</font></p>
<p align="center"><font size="2" face="serif">Date of report (Date of earliest event reported): August 3, 2006</font></p>
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<p align="center"><font size="2" face="serif"><u>Deb Shops, Inc.</u></font>
<font size="2" face="serif"><br>
(Exact Name of Registrant as Specified in Charter)</font></p>
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  <tr align="center" valign="top">
    <td width="33%"><font size="2" face="serif"><u>Pennsylvania</u></font></td>
    <td width="33%"><font size="2" face="serif"><u>0-12188</u></font></td>
    <td><font size="2" face="serif"><u>23-1913593</u></font></td>
  </tr>
  <tr align="center" valign="top">
    <td><font size="2" face="serif">(State or Other Jurisdiction</font><br>    <font size="2" face="serif">of
    Incorporation)</font><br></td>
    <td><font size="2" face="serif">(Commission</font> <br>
      <font size="2" face="serif">File
Number)</font>    </td>
    <td><font size="2" face="serif">(IRS Employer<br>
      Identification
No.)    </font></td>
  </tr>
</table>
<p align="center"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size="2" face="serif">                              </font></p>
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    <td width="50%"><font size="2" face="serif">9401 Blue Grass Road,<br>
    <u>Philadelphia, Pennsylvania</u>   </font></td>
    <td><font size="2" face="serif"> <u>19114</u></font></td>
  </tr>
  <tr align="center" valign="bottom">
    <td><font size="2" face="serif">(Address of Principal Executive Offices)</font></td>
    <td><font size="2" face="serif">(Zip Code)</font></td>
  </tr>
</table>
<p align="center"><font size="2" face="serif">Registrant's telephone number, including area code: (215) 676-6000</font></p>
<p align="center"><font size="2" face="serif"><u>Not Applicable</u></font><br>
<font size="2" face="serif">(Former Name or Former Address, if Changed Since Last Report)</font></p>
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<p align="left"><font size="2" face="serif">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 (<i>see </i>General Instruction A.2. below): </font></p>  <table width="100%" cellspacing="0" cellpadding="0" border="0">
<tr valign="top">
<td align="left" width="6%"><img src="emptybox.gif" width="12" height="12"></td>
<td align="left"><font size="2" face="serif">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </font></td>
</tr>
</table>
<br>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
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<td align="left" width="6%"><img src="emptybox.gif" width="12" height="12"></td>
<td align="left"><font size="2" face="serif">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </font></td>
</tr>
</table>
<br>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
<tr valign="top">
<td align="left" width="6%"><img src="emptybox.gif" width="12" height="12"></td>
<td align="left"><font size="2" face="serif">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </font></td>
</tr>
</table>
<br>
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<td align="left" width="6%"><img src="emptybox.gif" width="12" height="12"></td>
<td align="left"><font size="2" face="serif">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </font></td>
</tr>
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<p align="center">&nbsp;</p>
<p align="center"><font face="serif" size="2">- 1 -</font></p>
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<p align="left"><font size="2" face="serif"><b>Item 2.02. Results of Operations
      and Financial Condition.</b></font></p>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On August 3, 2006, Deb Shops, Inc. (the &quot;Company&quot;) issued a press release announcing its sales results for the month of July, its second quarter ended July 31, 2006 and the six-month period ended July 31, 2006.  A copy of the press release is attached hereto as Exhibit 99.1.</font></p>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The information hereunder shall not be deemed to be &quot;filed&quot; for the purposes of Section 18 of the Securities Exchange Act of 1934 (the &quot;Exchange Act&quot;) or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference into a filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.</font></p>
<p align="left"><font size="2" face="serif"><b>Item 9.01. Financial Statements
      and Exhibits.</b></font></p>
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    <td width="10%">&nbsp;</td>
    <td colspan="2"><font size="2" face="serif">&nbsp;(c)</font><font size="2" face="serif"> Exhibits</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td colspan="2"><font size="2" face="serif">The following exhibit is furnished with this
    Current Report on Form 8-K:</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="bottom">
    <td>&nbsp;</td>
    <td align="center"><font size="2" face="serif">Exhibit<br>
      <u>No.</u></font></td>
    <td><font size="2" face="serif"><u>Description</u></font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td align="center"><font size="2" face="serif">99.1</font></td>
    <td><font size="2" face="serif">Press release, dated August 3, 2006, captioned &#8220;DEB
    SHOPS, INC. REPORTS JULY, SECOND QUARTER AND YEAR-TO-DATE SALES.&#8221;</font></td>
  </tr>
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<p>&nbsp;</p>
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<p align="center"><font size="2" face="serif"><u>Signatures</u></font></p>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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.</font></p>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
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    <td width="50%">&nbsp;</td>
    <td colspan="2"><font size="2" face="serif">DEB SHOPS, INC.</font></td>
  </tr>
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    <td>&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td><font size="2" face="serif">Dated: August 3, 2006</font></td>
    <td><font size="2" face="serif">By:<u></u></font></td>
    <td><font size="2" face="serif"><u> Barry
J. Susson</u></font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td><font size="2" face="serif"> Barry J. Susson </font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td><font size="2" face="serif">Chief Financial Officer</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
</table>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></p>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></p>
<p align="center"><font face="serif" size="2">- 3 -</font></p>
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<p><a name="p?"></a></p>
<p>&nbsp; </p>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td colspan="2"><font size="2" face="serif">The following exhibit is furnished with this
    Current Report on Form 8-K:</font></td>
  </tr>
  <tr>
    <td width="10%">&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="bottom">
    <td align="center"><font size="2" face="serif">Exhibit<br>
      <u>No.</u></font></td>
    <td><font size="2" face="serif"><u>Description</u></font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td align="center"><font size="2" face="serif">99.1</font></td>
    <td><font size="2" face="serif">Press release, dated August 3, 2006, captioned &#8220;DEB
    SHOPS, INC. REPORTS JULY, SECOND QUARTER AND YEAR-TO-DATE SALES.&#8221;</font></td>
  </tr>
  <tr>
    <td align="center">&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td align="center">&nbsp;</td>
    <td><font size="2" face="serif">* Filed electronically herewith.</font></td>
  </tr>
</table>
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Prepared and filed by St Ives Financial
UNITED STATES
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 (Date of earliest event reported): August 3, 2006
–––––––––––––––
Deb Shops, Inc.
(Exact Name of Registrant as Specified in Charter)
Pennsylvania
0-12188
23-1913593
(State or Other Jurisdiction
of
    Incorporation)
(Commission
File
Number)
(IRS Employer
Identification
No.)
9401 Blue Grass Road,
Philadelphia, Pennsylvania
19114
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number, including area code: (215) 676-6000
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
–––––––––––––––
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 (
see
General Instruction A.2. below):
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))
- 1 -
Item 2.02. Results of Operations
      and Financial Condition.
On August 3, 2006, Deb Shops, Inc. (the "Company") issued a press release announcing its sales results for the month of July, its second quarter ended July 31, 2006 and the six-month period ended July 31, 2006.  A copy of the press release is attached hereto as Exhibit 99.1.
The information hereunder shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference into a filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01. Financial Statements
      and Exhibits.
(c)
Exhibits
The following exhibit is furnished with this
    Current Report on Form 8-K:
Exhibit
No.
Description
99.1
Press release, dated August 3, 2006, captioned "DEB
    SHOPS, INC. REPORTS JULY, SECOND QUARTER AND YEAR-TO-DATE SALES."
- 2 -
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.
DEB SHOPS, INC.
Dated: August 3, 2006
By:
Barry
J. Susson
Barry J. Susson
Chief Financial Officer
- 3 -
The following exhibit is furnished with this
    Current Report on Form 8-K:
Exhibit
No.
Description
99.1
Press release, dated August 3, 2006, captioned "DEB
    SHOPS, INC. REPORTS JULY, SECOND QUARTER AND YEAR-TO-DATE SALES."
* Filed electronically herewith.
- 4 -