Print
E-mail
Share
digg
Newsvine
Facebook
Stumble
Technorati
reddit
Fark
twitterBankruptcy protection sought
Monday, March 17, 2003 | 9:48 a.m.
CHICAGO -- Spiegel Inc., owner of Eddie Bauer stores and the Spiegel catalog, today sought bankruptcy protection to reduce $1.7 billion in debt it accumulated as sales fell and credit-card customers defaulted on payments.
Spiegel, which has had more than $727 million in losses in the past two years, sells clothes and home furnishings through catalogs, 560 specialty retail and outlet stores and Internet sites. Sales fell 20 percent through the first eight weeks this year and the company had losses of $139.9 million in the first nine months of 2002 and $587.5 million in 2001.
archive
- Most Read
- Discussed
- Most E-mailed
- CityCenter’s Mandarin Oriental makes Vegas debut
- As national jobless rate improves, LV sees signs of trouble
- Pacquiao-Mayweather fight on, March date likely
- Sub-freezing temperatures hit Las Vegas
- Court upholds sex conviction for Las Vegas magician
- UNLV president denies reports of Livengood as new AD
- Barrick Gold to work on mine despite court ruling
- From Eva Longoria Parker to a cluster of execs, crowd takes a shine to Crystals
- Rebels try to avoid the ‘trap’ at Santa Clara
- Survey ranks Nevada among most unhappy states
Blogs
Elsewhere
Dawn Gibbons' story: Nevada's first lady talks about her divorce, humiliation and fears
The Kats Report
Kirk Kerkorian: CityCenter is 'simply the most amazing' Vegas project ever (1 Comment)
Robin Leach's Las Vegas Celebrity Watch
Great Santa Run: Unofficial 14,595 runners would be a new record
Elsewhere
Rampage Jackson to return to UFC (3 Comments)
Politics: Ralston's Flash
Superintendents want state to immediately seek Race to Top funds
Top Chef: Las Vegas
The Jet Stream: The great Jennifer debate (2 Comments)
The Kats Report
From Eva Longoria Parker to a cluster of execs, crowd takes a shine to Crystals (4 Comments)
Calendar »
- 6 Sun
- 7 Mon
- 8 Tue
- 9 Wed
- 10 Thu
-
Chickenfoot at The Joint
The Joint | 8 p.m. to 11:59 p.m.
-
The Ultimate Fighter 10 Finale at the Pearl
The Pearl at the Palms | 4 p.m. to 10 p.m.
-
Great Santa Run at Town Square
Town Square | 8 a.m. to 10 a.m.
-
Willie Nelson at Planet Hollywood Theatre for the Performing Arts
Planet Hollywood Resort and Casino | 9 p.m. to 11:59 p.m.
-
Cash'd Out at Aliante Station
Aliante Station Casino and Hotel | 9 p.m. to 11:59 p.m.
-
Brooks & Dunn at the Hilton
Las Vegas Hilton
-
Ron White performs at the Mirage
Terry Fator Theatre
The Sun
Locally owned and independent for more than 50 years.
