By the way, did everyone see the monthly earnings update this morning?
Solid ... and internet sales are in part credited with the gains.
Spiegel, Inc. Reports April Sales
PR Newswire - May 06, 1999 08:45
DOWNERS GROVE, Ill., May 6 /PRNewswire/ -- Spiegel,
Inc. (Nasdaq: SPGLA) today reported total sales for the four
weeks ended May 1, 1999 of $190.8 million, a 5 percent
increase from $182.1 million in the comparable 1998 period.
For the 17 weeks ended May 1, 1999, total sales increased 6
percent to $755.3 million from $714.6 million in the same
period last year.
The company also reported that comparable-store sales for its
Eddie Bauer subsidiary increased 3 percent for the four-week
period and 4 percent for the 17-week period ended May 1,
1999.
The company noted particular strength in its catalog sales for
the month driven by strong sales growth in its Newport News
and Spiegel Catalog divisions. Eddie Bauer and Spiegel
Catalog both benefited from significant growth in Internet sales
which continue to increase and make a larger contribution to
total sales. In addition, the company stated that stronger
customer response overall in its Eddie Bauer division continues
to result in lower markdowns compared to last year, with Eddie
Bauer recording solid margin improvement for the month.
Spiegel, Inc. is a leading international specialty retailer
marketing fashionable apparel and home furnishings to
customers through catalogs, more than 550 specialty retail
stores and four Internet sites (www.eddiebauer.com,
www.spiegel.com, www.spiegeltronics.com and
www.ultimate-outlet.com). Spiegel's businesses include Eddie
Bauer, Newport News, Spiegel Catalog and First Consumers
National Bank. Spiegel's Class A Non-Voting Common Stock
trades on the Nasdaq National Market System under the ticker
symbol: SPGLA.
SOURCE Spiegel, Inc.
/CONTACT: Debbie Koopman of Spiegel, Inc.,
630-769-2596/ |
