J.C. Penney, Spiegel Catalog Sales Dip

Share this article:
J.C. Penney Company Inc. and The Spiegel Group each reported losses in their catalog operations yesterday.


J.C. Penney, Plano, TX, said that catalog and e-commerce sales plummeted 31.6 percent, "reflecting the elimination of catalog participation in retail promotional events," during the four-week period that ended Nov. 24.


E-commerce sales, which are included under catalog operations, totaled $30 million in the period and $240 million year to date, compared with $39 million and $206 million during last year's respective periods.


Also, comparable department store sales increased 0.6 percent in the period.


Spiegel's e-commerce channel continued to grow during the four-week period, posting a sales increase of 15 percent. But the company suffered a 27 percent drop in catalog sales. Overall, direct sales declined 21 percent while the group's retail store sales fell 12 percent.


Spiegel, Downers Grove, IL, posted sales of $255.2 million during the four weeks ended Nov. 24, down 17 percent from sales of $306.7 million for the four weeks ended Nov. 25, 2000.


The company also reported that comparable-store sales for its Eddie Bauer division fell 21 percent during the four-week period.


This material may not be published, broadcast, rewritten or redistributed in any form without prior authorization. Your use of this website constitutes acceptance of Haymarket Media's Privacy Policy and Terms & Conditions