Printer Friendly

SPIEGEL, INC. REPORTS DECEMBER SALES RESULTS

 DOWNERS GROVE, Ill., Jan. 6 /PRNewswire/ -- Spiegel, Inc. (NASDAQ-NMS: SPGLA) today reported total sales for the five weeks ended Jan. 1, 1994, were $454.5 million, an increase of 20 percent from the $379.6 million in the same period last year. The company also reported that sales for the 48 weeks ended Jan. 1, 1994, were $2.194 billion, an increase of 19 percent from the $1.852 billion in the same period last year.
 Spiegel also reported that comparable store sales for its Eddie Bauer subsidiary were up 5 percent for the five weeks and 10 percent for the 48 weeks ended Jan. 1, 1994.
 John J. Shea, vice chairman, president and chief executive officer of Spiegel said, "I'm very proud of our teams' accomplishments in 1993. In particular, our holiday season performance in all divisions was outstanding, especially against very strong results last year. We are well-positioned to continue this momentum in 1994, ending the year with a solid customer base and strong inventory position."
 Spiegel, Inc. is a leading multi-channel specialty retailer marketing fashionable apparel and home furnishings to customers through catalogs and more than 300 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 ticker symbol: "SPGLA."
 -0- 1/6/94
 /NOTE TO EDITORS: Spiegel's financial reporting period is based on a calendar year. These sales figures have been stated on a January fiscal year basis for comparability.
 /CONTACT: Debbie Koopman of Spiegel, 708-769-2596/
 (SPGL)


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

TW -- NY014 -- 9647 01/06/94 08:44 EST
COPYRIGHT 1994 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1994 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 6, 1994
Words:283
Previous Article:NATIONAL TIRE SERVICES ANNOUNCES ACQUISITION OF GEORGIA COMPANIES
Next Article:FOURTH FINANCIAL CORP. ANNOUNCES AGREEMENT IN PRINCIPLE WITH LSB INDUSTRIES TO ACQUIRE OKLAHOMA CITY-BASED EQUITY BANK FOR SAVINGS, F.A.
Topics:

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters