8-K

                 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):  October 24, 1995
                                  
                                  
                          NS GROUP, INC.                    
       (Exact name of registrant as specified in its charter)
                                   
     
         Kentucky            1-9838             61-0985936 
     (State or other      (Commission         (IRS Employer
     jurisdiction of       File No.)           I.D. Number)
     incorporation)
     
     
     Ninth & Lowell Streets, Newport, Kentucky      41072   
     (Address of principal executive offices)     (Zip Code)
     
     
     Registrant's telephone number, including area code:
                         (606) 292-6809          
     
     
     Item  5.  Other Events
     
               On October 24, 1995, the Registrant issued a
                    press release announcing that it expects to  

                    incur a loss before extraordinary charge for 

                    its fiscal 1995 fourth quarter ending
                    September 30, 1995 in the range of $.40 to
                    $.45 per share.  A copy of such press release
                    is filed as Exhibit 99 hereto and
incorporated
                    herein by reference.
     
     Item  7.  Financial Statements, Pro Forma Financial     
               Information and Exhibits
     
               (c)  Exhibits
     
                    99.  Press release dated October 24, 1995.
     
     
     
                            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 hereunto
     duly authorized.
     
     
                                 NS Group, Inc.          
                                 (Registrant)
     
     
                                 By:/s/John R. Parker
                                 John R. Parker
                                 Vice President and
                                 Treasurer, Principal        
                                 Financial Officer
     
     Date:  November 3, 1995
     

EX-99

     (COMPANY LOGO HERE)                          EXHIBIT 99
     
     
     FOR IMMEDIATE RELEASE - OCTOBER 24, 1995
     
     
     Contact:  Clifford R. Borland
               President and Chief Executive Officer
               NS Group, Inc.
               (606) 292-6809
     
     Newport, Kentucky -- NS Group, Inc. announced today
     that it expects to incur a loss before extraordinary
     charge for its fiscal 1995 fourth quarter ended
     September 30, 1995 in the range of $.40 to $.45 per
     share which would result in a loss for the full fiscal
     year, before extraordinary charge, of $.32 to $.37 per
     share.  The Company incurred an extraordinary charge of
     $5.2 million, or $.38 per share, as a result of
     prepayment penalties incurred in connection with a
     fourth quarter debt refinancing.  Earnings before
     interest, taxes, depreciation and amortization (EBITDA)
     is estimated to be $0.5 million to $1.5 million for the
     fourth fiscal quarter and $30 million to $31 million
     for the full fiscal year.
     
     As the Company previously announced on September 29,
     1995, numerous unexpected operational problems were
     encountered in the fourth quarter, principally at the
     Company's welded tubular facilities at Newport.  C.R.
     Borland, President and Chief Executive Officer
     commented "Newport's melt shop incurred an unusual
     number of unplanned outages during the quarter related
     to equipment breakdowns, lightning strikes and power
     curtailments due to weather conditions.  As a result,
     steel production volume was significantly affected,
     limiting availability of steel to the hot strip mill
     and pipe mills.  Downtime throughout all of Newport's
     operations resulted in poor efficiencies, increased
     maintenance costs and lost sales opportunities during
     the quarter.  Also impacting the quarter at Newport was
     a write down of scrap inventory resulting from year end
     physical inventory counts. While we believe certain of
     the operational issues at Newport were unusual,
     non-recurring and thus behind us, we will be continuing
     to address maintenance issues in the first quarter of
     fiscal 1996.  The Company is also contracting for the
     purchase of slabs to supplement Newport's melting
     operations."   
     
     "In addition, a decline in shipments of bar product by
     the Company's Koppel facilities also negatively
     impacted the quarter.  It currently appears, however,
     that as the new fiscal year progresses, improvements in
     the seamless tubular market will more than offset the
     negative impact of a softer bar market."  
     
     "While the problems experienced in the fourth quarter
     were disappointing, EBITDA for the full fiscal year
     should result in an approximate 50% improvement over
     fiscal 1994 EBITDA, excluding a one-time gain on the
     sale of Kentucky Electric Steel in fiscal 1994.  Year
     over year shipments and margins were up in fiscal 1995,
     and we remain optimistic that we will continue making
     improvements in fiscal 1996.  Further, the Company's
     cash and liquidity position remains strong."  The
     Company plans to release final earnings results by the
     second week of November.
     
     NS Group, Inc.  is a holding company which owns four
     operating subsidiaries: Newport Steel Corporation, a
     manufacturer of welded tubular steel products and hot
     rolled coils; Koppel Steel Corporation, a manufacturer
     of seamless tubular steel products, special bar
     quality products and semifinished products; Erlanger
     Tubular Corporation, a processor of tubular products;
     and Imperial Adhesives, Inc., a manufacturer of
     industrial adhesives products.  NS Group, Inc.'s common
     stock (symbol: NSS) is traded on the New York Stock
     Exchange.