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.

 

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.

comments powered by Disqus

Advertisement

Advertisement

Advertisement

From The IR Blog

FPO

Michael Ringman / E-Commerce

The key role of post-sale service for buyers of IoT products

The complexity inherent in large networks of connected devices brings the contact center front and ...

FPO

Carol Krakowski / E-Commerce

4 customer service takeaways from ‘Cyber Weekend’

Be honest with customers about wait times, and make sure agents have all the information ...

Advertisement