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Article: IS SPIEGEL IRONING OUT THE WRINKLES? WALL ST. HOPES SO AS STOCK HITS NEW HIGH.
- Article from:
- Crain's Chicago Business
- Article date:
- October 18, 1999
- Author:
CopyrightCOPYRIGHT 1999 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Seven consecutive quarters of earnings increases fueled by cost-cutting as well as improvements at its Eddie Bauer division have helped boost Spiegel Inc. stock to a 52-week high this month.
But as the Downers Grove-based retailer prepares to report what's expected to be an eighth quarter of increased earnings this week, observers are wondering what the company will do beyond cost-cutting to sustain the growth.
And a crucial test of the company's new strategic efforts will begin soon, as the all-important holiday shopping season approaches.
``One of the problems that Spiegel is dealing with now is that they kind of lost their way for a ...