8-K

                                  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 - January 12, 2004
                        (Date of Earliest Event Reported)

                                   WICKES INC.
         ---------------------------------------------------------------
             (Exact name of registrant as specified in its charter)

                           Commission File No. 1-14967



         Delaware                                      36-35544758
- ---------------------------                 -----------------------------------
(State of Incorporation)                             (I.R.S. Employer
                                                      Identification No.)


             706 North Deerpath Drive, Vernon Hills, Illinois 60061
         -------------------------------------------------------------
              (Address of principal executive offices)


Registrant's telephone number, including area code:           (847) 367-3400
                                                           -------------------




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Item 5.           Other Events.

On January 12, 2004, the Company announced that it has terminated its offer to
exchange for each $1,000 principal amount of its senior subordinated notes
tendered, either (i) $500 in cash and $250 principal amount of new 10%
Convertible Notes due 2007, (ii) $1,250 principal amount of new convertible
notes, or (iii) $650 in cash. The conditions precedent to completing the
exchange offer set forth in the Offering Memorandum have not been met and the
Company has therefore terminated the exchange offer. Any notes tendered and not
withdrawn will be returned to holders.


The Company also announced that it has retained the services of Bridge
Associates LLC, a nationally recognized restructuring firm, to assist the board
of directors and senior management in developing and implementing strategies
intended to secure the long term viability of its operations.




Item 7.           Financial Statements and Exhibits.
                  (c)      Exhibits
                           99.1 Press Release dated January 12, 2004





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                                   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.

Date:    January 12, 2004

                                                  WICKES INC.



                                              By: /s/ James Hopwood
                                                  -----------------
                                                  James Hopwood
                                                  Chief Financial Officer

EX-99

                                                                    Exhibit 99.1

AT THE COMPANY:                                         WICKES INC.
Jim Hopwood                                             706 NORTH DEERPATH DRIVE
Chief Financial Officer                                 VERNON HILLS, IL 60061
(847) 367-3552                                          OTCBB: WIKS.OB


                     WICKES INC. TERMINATES EXCHANGE OFFER;
                            RETAINS BRIDGE ASSOCIATES

         Vernon Hills, IL January 12, 2004 - Wickes Inc. (OTCBB: WIKS.OB), a
leading distributor of building materials and manufacturer of value-added
building components, announced today that the Company has terminated its offer
to exchange for each $1,000 principal amount of its senior subordinated notes
tendered, either (i) $500 in cash and $250 principal amount of new 10%
Convertible Notes due 2007, (ii) $1,250 principal amount of new convertible
notes, or (iii) $650 in cash.

         As of January 9, 2004 at 5:00 p.m. New York City time, the expiration
of the exchange offer, holders of $10,729,000, or approximately 50.8 percent, of
the outstanding principal amount of senior subordinated notes had tendered their
notes for exchange. This amount includes $3,549,515 principal amount of senior
subordinated notes tendered by the largest holder of notes, Barry Segal of
Bradco Supply, representing approximately 16.8 percent of the outstanding senior
subordinated notes.

         The conditions precedent to completing the exchange offer set forth in
the Offering Memorandum have not been met and the Company has therefore
terminated the exchange offer. Any notes tendered and not withdrawn will be
returned to holders.

         The Company also announced that it has retained the services of Bridge
Associates LLC, a nationally recognized restructuring firm, to assist the board
of directors and senior management in developing and implementing strategies
intended to secure the long term viability of its operations.

         Commenting on the recent events, Jim O'Grady, Wickes President and
Chief Executive Officer stated, "While the Wickes team worked diligently to make
the exchange offer a success, the lack of response from a large number of senior
subordinated note holders was very disappointing."

         Mr. O'Grady added, "We are pleased that Bridge Associates has committed
to work with the Wickes management team to quickly develop alternative solutions
to improve our capital structure and operations. Our bank group is in support of
these actions and I expect to be in a position to comment further in the near
future."

         This release contains forward-looking statements as defined in the
Private Securities Litigation Reform Act of 1995. Forward-looking statements are
information of a non-historical nature and are subject to risks and
uncertainties that are beyond the Company's ability to control. The Company
cautions shareholders and prospective investors that the following factors may
cause actual results to differ materially from those indicated by the
forward-looking statements: costs of materials sold; changes in selling prices;
competition within the building materials supply industry; the effects of
economic conditions; as well as other factors set forth in the Company's Form
10-K, its Form 10-Qs, the Offering Memorandum relating to the Company's senior
subordinated note exchange offer and other documents which are on file with the
Securities and Exchange Commission.

         WICKES INC. is a leading distributor of building materials and
manufacturer of value-added building components in the United States, serving
primarily building and remodeling professionals. The Company distributes
materials nationally and internationally, operating building centers in the
Midwest, Northeast and South. The Company's building component manufacturing
facilities produce value-added products such as roof trusses, floor systems,
framed wall panels, pre-hung door units and window assemblies. Wickes Inc.'s web
site, http://www.wickes.com, offers a full range of valuable services about the
building materials and construction industry.