Spiegel Suspends Quarterly Dividend

Downers Grove, IL–Multititle cataloger/retailer Spiegel Group announced yesterday that it will suspend its quarterly dividend payment and use the funds for capital requirements, according to wire reports. The payment of $0.04 per share will be suspended effective Dec. 30. Shares of Spiegel closed Tuesday at $5.50, down from a year high of $10.72. The company says it will evaluate its dividend policy on an ongoing basis.

Partner Content

The Gift of Wow: Preparing your store for the holiday season - Netsuite
Being prepared for the holiday rush used to mean stocking shelves and making sure your associates were ready for the long hours. But the digital revolution has changed everything, most importantly, customer expectations. Retailers with a physical store presence should be asking themselves—what am I doing to wow the customer?
3 Critical Components to Achieving the Perfect Order - NetSuite
Explore the 3 critical components to delivering the perfect order.
Streamlining Unified Commerce Complexity - NetSuite
Explore how consolidating multiple systems through a cloud-based commerce platform provides a seamless experience for both you, and your customer.
Strategies for Maximizing Mobile Point-of-Sale Technology - NetSuite
Learn the top five innovative ways to utilize your mobile POS technology to drive customer engagement, increase sales and elevate your brand.