Spiegel Group Online Sales Continues to Grow
By Mari Davis
DALLAS, Nov 8, 2001/FW/ -- An updated website with zoom technology is giving Spiegel brisk
business online. The e-commerce channel of Spiegel continued to grow in October, posting
a sales increase of 47%. Last Septemeber, it posted a 7% increase in sales.
Last month, Spiegel unveiled their newly redesigned website, Spiegel.com which features
RichFX ZoomFX™ technology, streaming video and an interactive fashion quiz; meanwhile,
loading times per page are faster by 30 to 50 percent.
Though their online channel shows tremendous growth, their catalog sales is suffering, posting
a 14% decrease in sales for October.
Spiegel Group's other division are not faring well either. Total sales reported for the
tenth month of the year was $217.9 million, a 7% decrease from sales of $234.1 million compared
to last year.
The tremendous growth on their online channel was able to offset some of the decreasing sales,
but not all of it to show a positive growth for the whole group.
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