April 7, 2004 |
Retailer Spiegel Inc. on Tuesday put its Eddie Bauer unit up for sale, and investment bankers said the profitable chain could fetch as much as $800 million. Spiegel, which is operating under protection from creditors under Chapter 11 of the U.S. Bankruptcy Code, also disclosed that it agreed to sell substantially all the assets of its Newport News catalog business to Pangea Holdings Ltd. for $25 million in cash plus assumption of certain liabilities.
September 18, 1991 |
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.
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.
March 18, 2003 |
Spiegel Inc., parent of the Eddie Bauer chain, filed for bankruptcy protection Monday as it tries to recover from problems in its credit card business, which analysts said extended credit to higher-risk customers to drive retail sales. Spiegel, which has been trying to sell the credit card unit since last year, said it has secured a $400-million debtor-in-possession financing package to keep operating all its businesses during its restructuring.
May 19, 1988 |
Talbots, the preppy clothier and trend setter for the suburban set, said sayonara on Wednesday to its American owner, who sold the women's clothing chain to Japan's fourth-largest supermarket operator for $325 million cash. Talbots was sold by General Mills, the food conglomerate, which also announced that it has sold its Eddie Bauer chain that specializes in outdoor wear and gear. It was sold to the Spiegel mail-order house for $260 million.
October 25, 2000 |
Pfizer Inc. and Schering-Plough Corp. on Tuesday posted double-digit profit gains in their third quarter on strong sales of blockbuster medicines, but Pfizer shares fell on what some analysts said was disappointing growth of its cholesterol fighter Lipitor. Pfizer, the world's largest drug maker, said earnings from operating rose 30% to $1.71 billion, or 27 cents a share, beating the consensus Wall Street estimate of 25 cents.
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.