8-K

                            UNITED STATES
                  SECURITIES AND EXCHANGE COMMMISSION
                       Washington, D.C. 20549


                              FORM 8-K
                           Current Report
                Pursuant to Section 13 or 15d of the
                  Securities Exchange Act of 1934


Date of Report (Date of earliest event reported) :   February 5, 2003

                            SPIEGEL, INC.

   (Exact name of registrant as specified in its charter)


  Delaware                 0-16126             36-2593917
 (State of                 (Commission file    (I.R.S. Employer
                            number)             Identification No.)

   3500 Lacey Road
   Downers Grove, IL                            60515-5432
  (Address of principal executive offices)      (Zip Code)


                            (630) 986-8800
       (Registrant's telephone number, including area code)

                               No Change
  (Former name or Former address, if changed since last report)

- ----------------------------------------------------------------------------
Item 5. Other Events

On February 5, 2003, the Registrant issued the press release attached hereto
as Exhibit 99 and incorporated herein by reference.

Item 7.  Exhibits.

(c) Exhibits

    Exhibt 99       Press release dated February 5, 2003

- ----------------------------------------------------------------------------

SIGNATURES

Pursuant to the requirements of the Securities Exhchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf
by the undersigned thereunto duly authorized.

                                       SPIEGEL, INC.
                                       (Registrant)

Dated:   February 5, 2003            By: /s/ James R. Cannataro
                                     -------------------------
                                     James R. Cannataro
                                     Executive Vice President
                                     and Chief Financial Officer
                                     (Principal Accounting and
                                      Financial Officer)

- ----------------------------------------------------------------------------

EXHIBIT INDEX

Exhibit No.

99           Spiegel, Inc. press release dated February 5, 2003.

EX-99

                                                            Exhibit 99


FOR IMMEDIATE RELEASE

CONTACT:	Debbie Koopman
		(630) 769-2596
		Debbie_Koopman@spgl.com


The Spiegel Group CFO Resigns to Accept Another Position


DOWNERS GROVE, Ill. - February 5, 2003 - The Spiegel Group (Spiegel, Inc.)
today announced that, its executive vice president and chief financial
officer, James R. Cannataro, has resigned to take a similar position in
another industry.  Cannataro will finalize his duties on February 12, 2003.
The company is conducting a search to find a replacement.

"I would like to thank Jim for his many contributions during his 18 years
of service with The Spiegel Group.  Jim has been a key member of our
management team and was instrumental in guiding Eddie Bauer during its
rapid growth in the nineties.  We wish Jim continued success in his future
endeavors," said Martin Zaepfel, vice chairman, president and chief executive
officer of The Spiegel Group.

Cannataro joined The Spiegel Group in 1984 and was promoted to corporate
controller in 1988.  In 1990, he was appointed vice president of finance
at the company's Eddie Bauer subsidiary and was later promoted to executive
vice president and chief financial officer for Eddie Bauer.  Cannataro
assumed his current position in July 2001.

The Spiegel Group is a leading international specialty retailer marketing
fashionable apparel and home furnishings to customers through catalogs,
nearly 570 specialty retail and outlet stores, and e-commerce sites,
including eddiebauer.com, newport-news.com and spiegel.com.  The Spiegel
Group's businesses include Eddie Bauer, Newport News, Spiegel Catalog and
First Consumers National Bank.  The company's Class A Non-Voting Common
Stock trades on the over-the-counter market ("Pink Sheets") under the ticker
symbol: SPGLA.  Investor relations information is available on The Spiegel
Group Web site at http://www.thespiegelgroup.com.

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