Item 2.02 Results of Operations and Financial Condition

On January 6, 2009, CPI Corp. issued a press release announcing its fourth quarter-to-date sales comparisons for the eight weeks ended January 3, 2009, compared to the eight weeks ended January 5, 2008. A copy of the press release is attached hereto as Exhibit 99.1.

The information in this Form 8-K is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section. The information in this form 8-K shall not be incorporated by reference in any other filing under the Securities Exchange Act of 1934 or Securities Act of 1933 except as shall be expressly set forth by specific reference to this Form 8-K in such filing.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit No.

99.1 CPI Corp. issued a press release dated January 6, 2009, announcing its fourth quarter-to-date sales comparisons for the eight weeks ended January 3, 2009, compared to the eight weeks ended January 5, 2008.