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Spiegel Inc

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BUSINESS
December 22, 1999 | (Bloomberg News)
Spiegel Inc., a catalog retailer under the Eddie Bauer, Newport News and its namesake brands, said it plans to buy the Clifford & Wills women's clothing catalog from closely held J. Crew Group Inc. to boost sales. Terms of the sale were not disclosed. The transaction would include the Clifford & Wills name, a U.S. customer list and a Web site, the company said. Spiegel is seeking to buy brands or form partnerships this year to boost sales and profit.
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BUSINESS
February 19, 2005 | From Reuters
Spiegel Inc. said it planned to reorganize around its profitable Eddie Bauer division and form a new parent company, Eddie Bauer Holdings Inc. Spiegel, which had previously tried to sell Eddie Bauer, said it would close all 34 of its Eddie Bauer Home stores in the second half of 2005. It said it had filed its proposed reorganization plan in U.S. Bankruptcy Court in New York to move it a step closer to completing its restructuring.
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BUSINESS
November 7, 2003 | From Bloomberg News
Spiegel Inc. asked a Bankruptcy Court judge for permission to open seven Eddie Bauer stores in six states and Canada and as many as 10 additional stores. The move is a reversal of course for Downers Grove, Ill.- based Spiegel, which has closed more than 60 stores along with distribution and customer service centers since filing for Chapter 11 bankruptcy protection in March. It is rare for a company to open stores during a bankruptcy case.
BUSINESS
February 18, 2005 | From Bloomberg News
Spiegel Inc. plans to give ownership of the company and its Eddie Bauer unit to creditors including Commerzbank, a lawyer representing the creditors said. Hamburg, Germany-based Otto will no longer own the company, said the lawyer, David LeMay. Spiegel's unsecured creditors include Commerzbank, Allianz unit Dresdner Kleinwort Wasserstein and DZ Bank, according to papers filed in U.S. Bankruptcy Court in New York. Downers Grove, Ill.
BUSINESS
March 8, 2003 | From Reuters
The Securities and Exchange Commission sued retailer Spiegel Inc., accusing it of withholding adverse information from the public. Spiegel settled the lawsuit without admitting or denying the accusations that the company had failed to disclose an opinion from its independent auditor that it might be unable to continue as a "going concern." The company also agreed to appoint an independent examiner, which will review the retailer's financial records.
BUSINESS
February 26, 2003 | From Bloomberg News
Spiegel Inc., owner of Eddie Bauer stores and the Spiegel catalog, was ordered by the Office of the Comptroller of the Currency to start liquidating its credit card business. The company won't meet requirements on two of the securities backed by the bank card debt and is in danger of defaulting on a third that is backed by the credit card receivables, according to a regulatory filing. Shares of Downers Grove, Ill.- based Spiegel fell 1 cent to 18 cents in over-the-counter trading.
BUSINESS
January 17, 1994 | From Times Staff and Wire Reports
Spiegel and Time Warner Announce Home Shopping Vendors: Spiegel Inc. and Time Warner Entertainment said five retailers have agreed to sell products on their joint home shopping channel. Merchandise from Neiman Marcus, Crate & Barrel, Williams Sonoma, Sharper Image, and Nature Company will be shown on a 24-hour shopping service called Catalog 1. Spiegel and Eddie Bauer had previously planned to sell products on the channel. Spiegel and Time Warner will launch the channel in four markets in March.
BUSINESS
February 19, 2005 | From Reuters
Spiegel Inc. said it planned to reorganize around its profitable Eddie Bauer division and form a new parent company, Eddie Bauer Holdings Inc. Spiegel, which had previously tried to sell Eddie Bauer, said it would close all 34 of its Eddie Bauer Home stores in the second half of 2005. It said it had filed its proposed reorganization plan in U.S. Bankruptcy Court in New York to move it a step closer to completing its restructuring.
BUSINESS
February 18, 2005 | From Bloomberg News
Spiegel Inc. plans to give ownership of the company and its Eddie Bauer unit to creditors including Commerzbank, a lawyer representing the creditors said. Hamburg, Germany-based Otto will no longer own the company, said the lawyer, David LeMay. Spiegel's unsecured creditors include Commerzbank, Allianz unit Dresdner Kleinwort Wasserstein and DZ Bank, according to papers filed in U.S. Bankruptcy Court in New York. Downers Grove, Ill.
BUSINESS
July 27, 2004 | From Dow Jones/Associated Press
The Securities and Exchange Commission has revoked Spiegel Inc.'s stock registration so the retailer's shares can no longer be publicly traded, the company said Monday. Spiegel, which filed for Chapter 11 bankruptcy protection from its creditors in March 2003, is no longer required to file quarterly or annual reports as a result of the SEC order.
BUSINESS
July 27, 2004 | From Dow Jones/Associated Press
The Securities and Exchange Commission has revoked Spiegel Inc.'s stock registration so the retailer's shares can no longer be publicly traded, the company said Monday. Spiegel, which filed for Chapter 11 bankruptcy protection from its creditors in March 2003, is no longer required to file quarterly or annual reports as a result of the SEC order.
BUSINESS
November 7, 2003 | From Bloomberg News
Spiegel Inc. asked a Bankruptcy Court judge for permission to open seven Eddie Bauer stores in six states and Canada and as many as 10 additional stores. The move is a reversal of course for Downers Grove, Ill.- based Spiegel, which has closed more than 60 stores along with distribution and customer service centers since filing for Chapter 11 bankruptcy protection in March. It is rare for a company to open stores during a bankruptcy case.
BUSINESS
March 8, 2003 | From Reuters
The Securities and Exchange Commission sued retailer Spiegel Inc., accusing it of withholding adverse information from the public. Spiegel settled the lawsuit without admitting or denying the accusations that the company had failed to disclose an opinion from its independent auditor that it might be unable to continue as a "going concern." The company also agreed to appoint an independent examiner, which will review the retailer's financial records.
BUSINESS
February 26, 2003 | From Bloomberg News
Spiegel Inc., owner of Eddie Bauer stores and the Spiegel catalog, was ordered by the Office of the Comptroller of the Currency to start liquidating its credit card business. The company won't meet requirements on two of the securities backed by the bank card debt and is in danger of defaulting on a third that is backed by the credit card receivables, according to a regulatory filing. Shares of Downers Grove, Ill.- based Spiegel fell 1 cent to 18 cents in over-the-counter trading.
BUSINESS
December 22, 1999 | (Bloomberg News)
Spiegel Inc., a catalog retailer under the Eddie Bauer, Newport News and its namesake brands, said it plans to buy the Clifford & Wills women's clothing catalog from closely held J. Crew Group Inc. to boost sales. Terms of the sale were not disclosed. The transaction would include the Clifford & Wills name, a U.S. customer list and a Web site, the company said. Spiegel is seeking to buy brands or form partnerships this year to boost sales and profit.
BUSINESS
December 30, 1998 | From Bloomberg News
ValueVision International Inc. and Spiegel Inc.'s Eddie Bauer on Tuesday joined the chorus of retailers on the Internet to report a surge in holiday sales. ValueVision, which sells everything from housewares to designer fashions, saw its shares climb 82% after it said holiday-season sales on its Web site and home-shopping television network soared. The company said TV sales were up 70%. It didn't give a figure for Internet sales, but said they were increasing at a faster rate than TV sales.
BUSINESS
September 18, 1991 | KEVIN E. CULLINANE, TIMES STAFF WRITER
Spiegel Inc. and Ebony magazine, responding to a growing black consumer market, said Tuesday that they plan to launch a new clothing catalogue for contemporary black women. The nation's largest mail-order catalogue company, Spiegel is designing a line of clothing in conjunction with Ebony magazine that the companies say reflects fashion trends among black women. The company's catalogue, expected to be mailed to 1.
BUSINESS
December 28, 1995 | Times Staff and Wire Reports
Spiegel to Halt Dividend Payments: Suspending the 5 cents-a-share quarterly dividend will save about $21.5 million a year. Sales growth has been slow for the Downers Grove, Ill.-based store-and-catalog retailer. It reported last month that 1995 sales through November had risen 7% to $2.38 billion but that sales in its Eddie Bauer stores open at least a year were flat. For the nine months through Sept. 30, Spiegel Inc.
BUSINESS
January 18, 1994 | GEORGE WHITE, TIMES STAFF WRITER
High levels of frustration over service and concerns about safety at stores are laying the groundwork for increased consumer interest in electronic home shopping, according to a survey issued Monday by the National Retail Federation. The report by the Washington-based trade group comes at a time when several major retailers are on the verge of launching home shopping ventures, and others--previously ambivalent about the idea--are beginning to consider electronic projects.
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