The Spiegel Group reported sales of $146.3 million for the five-week period ended June 30, an 8% decline compared with the same time last year.
Catalog sales fell by 18%, and retail store sales by 5%. However, e-commerce sales rose by 46%.
The Downers Grove, IL-based firm said that while revenue is below projections, earnings should hit their target when second quarter results are announced on July 24.
Spiegel also reported an overall revenue drop of 4%–to $1.2 billion– during the 26 weeks that ended June 30.
