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SPIEGEL, INC. REPORTS OCTOBER SALES RESULTS

 DOWNERS GROVE, Ill., Nov. 4 /PRNewswire/ -- Spiegel, Inc. (NASDAQ: SPGLA), today reported total sales for the four weeks ended Oct. 30, 1993, were $223.7 million, an increase of 21 percent from the $185.4 million in the same period last year. The company also reported that sales for the 39 weeks ended Oct. 30, 1993, were $1.463 billion, an increase of 19 percent from the $1.234 billion in the same period last year.
 On a comparative store basis, Spiegel also reported that sales for its subsidiary, Eddie Bauer, were up 13 percent for the four weeks and 14 percent for the 39 weeks ended Oct. 30, 1993.
 John J. Shea, vice chairman, president and chief executive officer of Spiegel said, ``October sales results are very encouraging and provide further evidence that customers are responding to our value pricing strategy with less reliance on promotions.''
 Spiegel, Inc. is the 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 System under the ticker symbol: SPGLA.
 NOTE: 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.
 -0- 11/4/93
 /CONTACT: Debbie Koopman of Spiegel, Inc., 708-769-2596/
 (SPGLA)


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

DD -- NE007 -- 0558 11/04/93 09:20 EST
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Copyright 1993 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Nov 4, 1993
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