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SPIEGEL, INC., ANNOUNCES STOCK DIVIDEND AND QUARTERLY DIVIDEND

 DOWNERS GROVE, Ill., Oct. 11 /PRNewswire/ -- Spiegel, Inc. (NASDAQ-NMS: SPGLA), today announced that its board of directors has declared a 100 percent stock dividend on common shares payable on Nov. 2, 1993, to shareholders of record as of Oct. 22, 1993.
 Financial results for prior periods will be restated to reflect the stock dividend, which will increase the number of Spiegel, Inc., Class A non-voting common shares outstanding to approximately 11 million.
 The board of directors also declared a regular quarterly dividend of 5 cents per share on the company's common stock outstanding after the stock dividend. The cash dividend is payable on Nov. 2, 1993, to stockholders of record on Oct. 22, 1993.
 Spiegel, Inc., is the nation's dominant multi-channel specialty retailer, marketing fashionable apparel and home furnishings to customers through catalogs and more than 290 specialty retail stores. Spiegel's businesses include Eddie Bauer, New Hampton, Crayola Kids, E STYLE, and For You from Spiegel. Spiegel's Class A non-voting common stock trades on the NASDAQ National Market System under the symbol: SPGLA.
 -0- 10/11/93
 /CONTACT: Debbie Koopman, 708-769-2596, for Spiegel, Inc./
 (SPGL)


CO: Spiegel, Inc. ST: Illinois IN: REA SU: DIV

TW -- NY015 -- 0581 10/11/93 09:43 EDT
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Publication:PR Newswire
Date:Oct 11, 1993
Words:203
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