February 7, 2002, 12:00 AM

Spiegel’s January web sales grow 30%

Web-based sales for Downers Grove, IL-based The Spiegel Group grew 30% in January while the company’s total revenue fell 8% to $162.7 million.

Kurt Peters

Executive Editor

 

Web-based sales for Downers Grove, IL-based The Spiegel Group grew 30% in January while the company’s total revenue fell 8% to $162.7 million.

The company also reported that comparable-store sales for its Eddie Bauer division decreased 25% for the four-week period. The company stated that Eddie Bauer`s markdowns were significantly lower for the month compared to last year due to lower inventory ownership and its strategy to move more clearance merchandise through its outlet stores, both of which harmed comparable-store sales.

The group`s sales results by division for the month of January reflect a decline of 7% at Eddie Bauer, 8% at Newport News and 11% at Spiegel.

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