8-K

                            UNITED STATES
                  SECURITIES AND EXCHANGE COMMISSION
                       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) :   May 5, 2003

                            SPIEGEL, INC.

   (Exact name of registrant as specified in its charter)


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

   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 May 5, 2003, the Registrant issued three press releases attached hereto
as Exhibits 99.1, 99.2, and 99.3 and incorporated herein by reference.


Item 7.  Exhibits.

(c) Exhibits

    Exhibit 99.1       Press release dated May 5, 2003

    Exhibit 99.2       Press release dated May 5, 2003

    Exhibit 99.3       Press release dated May 5, 2003


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

SIGNATURES

Pursuant to the requirements of the Securities Exchange 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:   May 5, 2003           By:   /s/ James M. Brewster
                                     -------------------------
                                     James M. Brewster
                                     Senior Vice President
                                     and Chief Financial Officer
                                     (Principal Accounting and
                                      Financial Officer)

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

EXHIBIT INDEX

Exhibit No.

99.1           Spiegel, Inc. press release dated May 5, 2003
               - "The Spiegel Group and Alliance Data Systems Enter
                  Into Long-Term Agreements"

99.2           Spiegel, Inc. press release dated May 5, 2003
               - "The Spiegel Group Receives Final Approval for
                  $400 Million DIP Financing Facility"

99.3           Spiegel, Inc. press release dated May 5, 2003
               - "The Spiegel Group Takes Additional Steps in
                  Ongoing Reorganization Process"

EX-99

EXHIBIT 99.1

The Spiegel Group And Alliance Data Systems Enter Into Long-Term Agreements

DOWNERS GROVE, Ill., and DALLAS (May 5, 2003) - Alliance Data Systems Corp.
(NYSE: ADS), a leading provider of transaction services, marketing services
and credit services, and The Spiegel Group today announced that they will
proceed with launching new private-label credit card programs for The Spiegel
Group's merchant divisions -- Eddie Bauer, Spiegel Catalog and Newport News,
as previously announced.  Alliance Data's subsidiary, World Financial Network
National Bank (WFNNB), will administer the new private-label credit card
programs.
  On April 28, The Spiegel Group filed a motion with the Bankruptcy Court
seeking approval to enter into a private label credit card agreement with
Alliance Data Systems, and the court approved this motion on May 2.  With
this approval, Spiegel, Inc. and each of its three merchant divisions entered
into separate but essentially identical 10-year agreements with Alliance Data.
The new credit card programs for The Spiegel Group will be separate from and
have no relation to The Spiegel Group's existing or prior credit card
programs, and there will be no transfer of existing receivables.
  "We are pleased to be working with The Spiegel Group and are confident that
our robust suite of marketing tools, including database, catalog and Internet
capabilities will help their merchant divisions strengthen their
relationships with their customers," said Ivan Szeftel, president, Retail
Services, Alliance Data Systems.  "I am confident that our retail heritage,
strong credit and marketing services, and extensive experience in the direct
marketing sector will help The Spiegel Group drive incremental sales across
all three merchant divisions."
  "We are pleased to have established these new credit card programs, which
we believe will help us enhance our customers' experience and build customer
loyalty," said James M. Brewster, senior vice president and chief financial
officer of The Spiegel Group.  "We look forward to executing our targeted
credit marketing programs aimed at reaching our existing customers and
attracting new customers."
  Under terms of each of the agreements, Alliance Data will provide account
acquisition and activation, issuance of new cards, receivables funding, card
authorization, customer care, and billing and remittance services.  Utilizing
Alliance Data's marketing and database capabilities, the new credit card
programs are expected to drive increased purchasing frequency, incremental
sales and customer loyalty across all sales channels.  Alliance Data's WFNNB
will apply credit standards and underwriting policies that are consistent
with its other retail client credit card programs for The Spiegel Group's new
programs.

About Alliance Data Systems
  Based in Dallas, Alliance Data Systems (NYSE: ADS) is a leading provider of
transaction services, credit services and marketing services. The company
assists retail, petroleum, utility and financial services clients in managing
the critical interactions between them and their customers. Alliance Data
manages over 72 million consumer relationships for some of North America's
most recognizable companies and operates and markets the largest coalition
loyalty program in Canada. Alliance Data Systems employs approximately 6,500
associates at more than 20 locations in the United States, Canada and New
Zealand. For more information about the company, visit its web site,
www.alliancedatasystems.com.

About The Spiegel Group
  The Spiegel Group is a leading international specialty retailer marketing
fashionable apparel and home furnishings to customers through catalogs, more
than 550 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 and Spiegel Catalog.  Investor
relations information is available on The Spiegel Group Web site at
http://www.thespiegelgroup.com.

The Spiegel Group's Forward Looking Statements
  This press release contains statements that are forward-looking within the
meaning of applicable federal securities laws and are based upon the
company's current expectations and assumptions.  You should not place undue
reliance on those statements because they speak only as of the date of this
release.  Forward-looking statements include information concerning the
company's possible or assumed future financial condition or results of
operations.  These statements often include words such as "expect," "plan,"
"believe," "anticipate," "intend," "estimate," or similar expressions.  As
you read and consider this release, you should understand that these
statements are not guarantees of financial condition, performance or results.
They involve risks, uncertainties and assumptions.  Although the company
believes that these forward-looking statements are based on reasonable
assumptions, you should be aware that many factors could affect its actual
financial results and actual results could differ materially from the
forward-looking statements.  These factors include, but are not limited to,
uncertainty regarding the company's ability to continue as a going concern;
uncertainty regarding the company's ability to operate pursuant to the terms
of the DIP facility; uncertainty regarding the company's ability to develop
and consummate one or more plans of reorganization; risks associated with
third parties seeking and obtaining court approval to terminate or shorten
the exclusivity period for the company to propose and confirm one or more
plans of reorganization, for the appointment of a Chapter 11 trustee or to
convert the Chapter 11 case to a Chapter 7 case; the effect on the company's
net sales and cash flow of its decision to stop accepting private-label
credit cards at its merchant companies; uncertainty regarding the servicing
of the company's existing securitized credit card receivables portfolio upon
the liquidation of FCNB; the effects on the company of the Pay-Out Events
recently experienced by all of the company's securitization agreements that
are backed by the company's credit card receivables; the ultimate effect on
the company of the pending investigation by the SEC; the uncertainty
relating to the sale or liquidation of the bankcard segment; the ability of
the company to maintain trade credit and contracts that are important to its
operations; the financial strength and performance of the retail and direct
marketing industry; changes in consumer spending patterns; risks associated
with collections on the company's credit card portfolio; the success of
merchandising, advertising, marketing and promotional campaigns; and various
other factors beyond the company's control.
  All future written and oral forward-looking statements made by the company
or persons acting on the company's behalf are expressly qualified in their
entirety by the cautionary statements contained or referred to above.  Except
for the company's ongoing obligations to disclose material information as
required by the federal securities laws, the company does not have any
obligation or intention to release publicly any revisions to any
forward-looking statements to reflect events or circumstances in the future
or to reflect the occurrence of unanticipated events.

Contact:  Alliance Data Systems
          Shelley Whiddon - Media
          972.348.4310
          swhiddon@alldata.net

          Ed Heffernan
          Analysts/Investors
          972.348.5191
          eheff@alldata.net

          The Spiegel Group
          Debbie Koopman
          630.769.2596
          debbie_koopman@spgl.com

EX-99

EXHIBIT 99.2

The Spiegel Group Receives Final Approval for $400 Million
DIP Financing Facility

DOWNERS GROVE, Ill. - May 5, 2003 - The Spiegel Group (Spiegel, Inc.)
today announced that it has received final Bankruptcy Court approval for
the full amount of its $400 million senior secured debtor-in-possession
(DIP) financing facility.  A consortium of banks, led by
Bank of America, N.A.,Fleet Retail Finance Inc. and
The CIT Group/Business Credit, Inc., will provide the DIP financing
facility.  Banc of America Securities LLC arranged this financing.
  The DIP facility is an asset-based facility, with loan availability tied
to a borrowing base test measured by the value of the company's inventory,
receivables and other collateral on a regular basis.  $50 million of the DIP
facility is specifically available to fund receivables generated under the
consumer credit cards issued directly by the company's merchant divisions.
Under the terms of the agreement, this $50 million expires upon either the
company's termination of the $50 million financing or 120 days after the
date of the final order, whichever occurs first.  Upon such termination, the
amount available under the DIP facility will be reduced to $350 million.
  The DIP facility will supplement the company's cash flow from operations
to fund its operations, including the purchase of goods and services, during
the restructuring period.  The company continues to believe that this
financing, together with its current cash reserves and cash flow from its
operations, will be sufficient to fund its operations during the
reorganization process.  As previously announced on March 17, 2003, the
Court approved $150 million of interim financing under this facility.
  "The Court's final approval of our DIP financing is another important step
forward as we continue our efforts to restore the financial health of our
business," stated Bill Kosturos, interim chief executive officer and chief
restructuring officer of The Spiegel Group.  "This financing facility enables
The Spiegel Group to continue to operate smoothly throughout the
reorganization process."

About The Company
  The Spiegel Group (Spiegel, Inc.) is a leading international specialty
retailer marketing fashionable apparel and home furnishings to customers
through catalogs,more than 550 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 and Spiegel
Catalog.  Investor relations information is available on The Spiegel Group
Web site at http://www.thespiegelgroup.com.

Forward Looking Statements
  This press release contains statements that are forward-looking within the
meaning of applicable federal securities laws and are based upon the
company's current expectations and assumptions.  You should not place undue
reliance on those statements because they speak only as of the date of this
release.  Forward-looking statements include information concerning the
company's possible or assumed future financial condition or results of
operations.  These statements often include words such as "expect," "plan,"
"believe," "anticipate," "intend," "estimate," or similar expressions.  As
you read and consider this release, you should understand that these
statements are not guarantees of financial condition, performance or results.
They involve risks, uncertainties and assumptions.  Although the company
believes that these forward-looking statements are based on reasonable
assumptions, you should be aware that many factors could affect its actual
financial results and actual results could differ materially from the
forward-looking statements.  These factors include, but are not limited to,
uncertainty regarding the company's ability to continue as a going concern;
uncertainty regarding the company's ability to operate pursuant to the terms
of the DIP facility; uncertainty regarding the company's ability to develop
and consummate one or more plans of reorganization; risks associated with
third parties seeking and obtaining court approval to terminate or shorten
the exclusivity period for the company to propose and confirm one or more
plans of reorganization, for the appointment of a Chapter 11 trustee or to
convert the Chapter 11 case to a Chapter 7 case; the effect on the company's
net sales and cash flow of its decision to stop accepting private-label
credit cards at its merchant companies; uncertainty regarding the servicing
of the company's existing securitized credit card receivables portfolio
upon the liquidation of FCNB; the effects on the company of the Pay-Out
Events recently experienced by all of the company's securitization
agreements that are backed by the company's credit card receivables; the
ultimate effect on the company of the pending investigation by the SEC;
the uncertainty relating to the sale or liquidation of the bankcard segment;
the ability of the company to maintain trade credit and contracts that are
important to its operations; the financial strength and performance of the
retail and direct marketing industry; changes in consumer spending patterns;
risks associated with collections on the company's credit card portfolio;
the success of merchandising, advertising, marketing and promotional
campaigns; and various other factors beyond the company's control.
  All future written and oral forward-looking statements made by the company
or persons acting on the company's behalf are expressly qualified in their
entirety by the cautionary statements contained or referred to above.  Except
for the company's ongoing obligations to disclose material information as
required by the federal securities laws, the company does not have any
obligation or intention to release publicly any revisions to any
forward-looking statements to reflect events or circumstances in the future
or to reflect the occurrence of unanticipated events.

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

EX-99

EXHIBIT 99.3

The Spiegel Group Takes Additional Steps in Ongoing Reorganization Process

Plans to Close Customer Sales and Service Center in Bothell, Wash.

Restructures Eddie Bauer Headquarters Organization

Realigns Corporate Information Services Staff

DOWNERS GROVE, Ill. - May 5, 2003 - As part of its ongoing reorganization
process, The Spiegel Group (Spiegel, Inc.) today announced that it plans
to close one of its customer sales and service centers, that its Eddie Bauer
division has restructured its headquarters workforce and that it has
realigned its corporate information services staff.
  Bill Kosturos, interim chief executive officer and chief restructuring
officer of The Spiegel Group said, "We are transforming and repositioning
our business for future success.  These initiatives are an integral part
of the reorganization process and are key steps toward streamlining our
business processes and operations in each division as well as across The
Spiegel Group to reduce costs and enhance productivity."
  The company's Spiegel Group Teleservices division, which handles the
customer sales and service calls for The Spiegel Group merchant companies,
will close a facility located in Bothell, Wash., which employs 365 associates.
The facility is scheduled to close on July 6, 2003; associates will continue
to be employed with the company through that date.  Closing this facility
will allow the company to better leverage the capacity in its other call
centers, which are located in Rapid City, S.D., Hampton, Va., Saint John,
New Brunswick, Canada, and Sydney, Nova Scotia, Canada.
  The company's Eddie Bauer division has restructured its organization to
gain greater organizational and operational efficiencies.  As a result,
Eddie Bauer will reduce its headquarters workforce in Redmond, Wash. by
approximately 180 associates effective May 9, 2003.  The new organizational
structure will better support Eddie Bauer's multi-channel marketing
strategies and bring even greater focus on serving customers, developing
product and solidifying its brand positioning. Eddie Bauer associates were
informed of this decision earlier today.
  The Spiegel Group realigned its corporate information services organization
in response to the company's redefined systems  strategy, which included a
significant reduction in systems development initiatives.  Corporate
information services provides systems support to all the Group's operations.
This realignment has resulted in a headcount reduction of approximately 90
associates.  The majority of the associates affected were located at the
company's headquarters and its data center, which are both in the Chicago area.
The company will provide severance and other benefits to affected associates.

About The Company
  The Spiegel Group is a leading international specialty retailer marketing
fashionable apparel and home furnishings to customers through catalogs, more
than 550 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 and Spiegel Catalog.  Investor
relations information is available on The Spiegel Group Web site at
http://www.thespiegelgroup.com.

Forward Looking Statements
  This news release contains statements that are forward-looking within the
meaning of applicable federal securities laws and are based upon the company's
current expectations and assumptions.  You should not place undue reliance on
those statements because they speak only as of the date of this release.
Forward-looking statements include information concerning the company's
possible or assumed future financial condition or results of operations.  These
statements often include words such as "expect," "plan," "believe,"
"anticipate," "intend," "estimate," or similar expressions.  As you read and
consider this release, you should understand that these statements are not
guarantees of financial condition, performance or results.  They involve risks,
uncertainties and assumptions.  Although the company believes that these
forward-looking statements are based on reasonable assumptions, you should be
aware that many factors could affect its actual financial results and actual
results could differ materially from the forward-looking statements.  These
factors include, but are not limited to, uncertainty regarding the company's
ability to continue as a going concern; uncertainty regarding the company's
ability to operate pursuant to the terms of the DIP facility; uncertainty
regarding the company's ability to develop and consummate one or more plans of
reorganization; risks associated with third parties seeking and obtaining court
approval to terminate or shorten the exclusivity period for the company to
propose and confirm one or more plans of reorganization, for the appointment of
a Chapter 11 trustee or to convert the Chapter 11 case to a Chapter 7 case;
the effect on the company's net sales and cash flow of its decision to stop
accepting private-label credit cards at its merchant companies; uncertainty
regarding the servicing of the company's existing securitized credit card
receivables portfolio upon the liquidation of FCNB; the effects on the company
of the Pay-Out Events recently experienced by all of the company's
securitization agreements that are backed by the company's credit card
receivables; the ultimate effect on the company of the pending investigation by
the SEC; the uncertainty relating to the sale or liquidation of the bankcard
segment; the ability of the company to maintain trade credit and contracts that
are important to its operations; the financial strength and performance of the
retail and direct marketing industry; changes in consumer spending patterns;
risks associated with collections on the company's credit card portfolio; the
success of merchandising, advertising, marketing and promotional campaigns; and
various other factors beyond the company's control.
  All future written and oral forward-looking statements made by the company
or persons acting on the company's behalf are expressly qualified in their
entirety by the cautionary statements contained or referred to above.  Except
for the company's ongoing obligations to disclose material information as
required by the federal securities laws, the company does not have any
obligation or intention to release publicly any revisions to any forward-looking
statements to reflect events or circumstances in the future or to reflect the
occurrence of unanticipated events.

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