Spiegel Revenue Up, 4th Quarter Down

Share this content:
Spiegel Inc., Downers Grove, IL, said that fourth-quarter earnings fell 12 percent, compared to the same period a year earlier.


Net income in the quarter fell to $65.4 million, compared with $74.7 million in the same quarter a year ago. Total revenue rose 7 percent to $1.27 billion, driven by a 4 percent increase in Internet sales and a 41 percent increase in finance revenues.


Sales at New Port News were up 24 percent, and Spiegel's sales rose 13 percent. Eddie Bauer's sales declined 2 percent for the quarter.


Direct sales grew 11 percent, due mainly to a 120-percent increase in e-commerce sales, while retail store sales dropped 2 percent. The company also said that earnings for the first half of 2001 were expected to be significantly below last year's results.
Loading links....
close

Next Article in Multichannel Marketing

Sign up to our newsletters

Company of the Week

We recently were named B2B Magazine's Direct Marketing Agency of the Year, and with good reason: We make real, measureable, positive change happen for our clients. A full-service agency founded in 1974, Bader Rutter expertly helps you get the right message to the right audience at the right time through the right channels. As we engage our clients' audiences along their journey, direct marketing (email, direct mail, phone, SMS) and behavioral marketing (SEM, retargeting, contextual) channels deliver information relevant to the needs of each stage. We are experts at implementing and leveraging marketing technologies such as CRM and marketing automation in order to synchronize sales and marketing communications. Our team of architects and activators plan, execute, measure and adjust in real time to ensure the strategy is working as needed and change things if it's not.

Find out more here »

DMN's Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here