LANDS’ END, SPIEGEL CONTINUE TO REBOUND

Solid growth among its corporate sales, children’s apparel, and home goods titles, as well as on its Website, enabled Lands’ End to close its second quarter with net income of $4.5 million on net sales of $254.6 million, compared to a net loss of $61,000 on sales of $239.2 million for the same quarter last year. Likewise, Spiegel, another mailer that had been struggling, appears to be turning a corner. Spiegel reported a 15% surge in July sales to $171 million, up from $149 million in July ’98. And for the 30-week period ended July 31, sales grew 9%, to $1.42 billion from $1.3 billion. In addition to the Spiegel catalog, the company mails the Eddie Bauer and Newport News titles.

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