ASAP fashion news archive - apparel industry news from before September 2005
This page is part of the ASAP fashion news archive on Apparel Search, which collected apparel, fashion and textile industry news from before September 2005. For current coverage, see the Apparel Search news page and the fashion blog.
From: ASAP
The Spiegel Group today reported sales of $160.0 million for the four weeks ended July 28, 2001, a 10 percent decrease from sales of $178.7 million for the four weeks ended July 29, 2000.
For the thirty weeks ended July 28, 2001, total sales declined 5 percent to $1.446 billion from $1.518 billion in the same period last year.
The company also reported that comparable-store sales for its Eddie Bauer division decreased 9 percent for the four-week period and 10 percent for the 30-week period ended July 28, 2001.
Sales results by division for the month of July were as follows: sales declined 2 percent at Eddie Bauer, 14 percent at Newport News and 22 percent at Spiegel.
Sales results by channel for the month were as follows: retail store sales declined 1 percent and direct sales fell 17 percent. Direct sales reflect a 46 percent increase in e-commerce sales and a 26 percent decrease in catalog sales.