| Business Summary | | Spiegel,
Inc.
is
an
international
specialty
retailer
that
offers
merchandises
and
credits
services
through
a
merchandising
segment
and
a
bankcard
segment.
The
merchandising
segment
is
an
aggregation
of
the
Company's
Eddie
Bauer,
Spiegel
and
Newport
News
subsidiaries,
which
distribute
apparel,
home
furnishings
and
other
merchandise
through
catalogs,
e-commerce
sites
and
retail
stores.
The
apparel
category
includes
a
wide
array
of
men's
and
women's
private-label
and
branded
merchandise
in
various
styles,
including
seasonal
product
offerings.
The
Company's
bankcard
business
markets
various
MasterCard
and
Visa
programs
nationwide
through
First
Consumers
National
Bank
(FCNB).
The
Company's
bankcard
portfolio
includes
secured
cards,
co-branded
cards
and
affinity
cards,
such
as
the
FCNB
MasterCard,
the
FCNB
Visa,
the
Spiegel
MasterCard,
the
Eddie
Bauer
MasterCard
and
the
Adelante
MasterCard. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | SPGLA
is
a
international
specialty
retailer
that,
together
with
its
subsidiaries,
offers
merchandise
and
credit
services
through
a
merchandising
segment
(Eddie
Bauer,
Spiegel
Catalog
and
Newport
News)
and
a
bankcard
segment
(First
Consumers
National
Bank).
For
the
26
weeks
ended
6/30/01,
revenues
fell
4%
to
$1.58
billion.
Net
loss
before
accounting
change
totaled
$7.2
million
vs.
an
income
of
$46.1
million.
Results
reflect
weak
customer
response
to
merchandise
offerings. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Michael Otto, 56 Chairman | -- | James Cannataro, 47 CFO | -- | Richard Fersch, 50 Director;
Pres and CEO, Eddie Bauer | $2.3M | George Ittner, 56 Director;
Pres and CEO, Newport News | 907K | Dave Kardesh, 46 Sr.
VP, CIO | -- | Dollar amounts are as of 1-Jan-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|