December 30, 1998 |
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.
February 16, 2000 |
Wal-Mart Stores Inc. said its fiscal fourth-quarter earnings rose 23%, slightly better than expectations, but warned that increasing costs could pressure growth this year. The world's largest retailer said net income rose to $1.92 billion, or 43 cents a share, from $1.56 billion, or 35 cents, a year ago as sales grew at its U.S. superstores and international profit nearly doubled. Total sales jumped 26% to $51.4 billion.
January 18, 1994 |
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.
September 28, 1993 |
Time Warner Inc. and Spiegel Inc. said Monday that they will launch two cable television home shopping channels next year, including an interactive "video shopping mall." The joint venture marks the first attempt by either company to develop a home shopping business. If it succeeds, they would leapfrog competitors QVC Network Inc. and Home Shopping Network Inc.
April 10, 1992 |
"It is like sending an icon to be mass produced," says Virginia Gunn, a quilt historian. "The Smithsonian should be above those things." "This was a one-of-a-kind piece," says Hazel Carter, a quilting expert. "If it weren't the Smithsonian, we wouldn't be so upset. They are supposed to be guarding our American treasures." The Great Quilt Debate is on.
May 4, 1989
Spiegel Inc.: The nation's largest direct marketer said first-quarter net earnings dipped to $6.3 million from $6.8 million a year ago. Revenue rose 37% to $324.5 million. The Oak Brook, Ill., firm said the latest earnings were affected by financing expenses of about $6 million, before taxes, related to the acquisition of Eddie Bauer and Honeybee retailers. Tables, Page 13
August 5, 2004 |
Four private equity firms are expected to submit final bids today for casual retailer Eddie Bauer Inc., with offers topping $1 billion, sources familiar with the situation said. Apollo Management, Bain Capital, Credit Suisse First Boston's private equity arm and Kohlberg Kravis Roberts & Co. are expected to bid on the 83-year-old retailer, the sources said. Eddie Bauer, which is owned by Spiegel Inc., could fetch bids in the range of $900 million to $1.35 billion, sources said.