NEW YORK — Bankrupt Spiegel Inc. reported wider losses for the first quarter in a regulatory filing with the Securities and Exchange Commission on Thursday.

The distressed firm posted a net loss of $131 million, or 99 cents, for the three months ended March 29, compared with a $43.3 million loss, or 33 cents, in the year-ago quarter. Total revenues fell 29.8 percent to $433.4 million from $617 million. Revenues include a 23 percent decline in sales to $413.6 million from $537 million, a loss of $31.1 million in finance revenue compared with $12.9 million last year and a 25 percent drop in other revenue to $50.9 million from $67.2 million.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus