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) :   September 4, 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)

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Item 5. Other Events

On September 4, 2003, the Registrant issued the press release attached hereto
as Exhibit 99 and incorporated herein by reference.


Item 7.  Exhibits.

(c) Exhibits

    Exhibit 99       Press release dated September 4, 2003

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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:   September 4, 2003           By:  /s/ James M. Brewster
                                     -------------------------
                                     James M. Brewster
                                     Senior Vice President
                                     and Chief Financial Officer
                                     (Principal Accounting and
                                      Financial Officer)

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EXHIBIT INDEX

Exhibit No.

99           Spiegel, Inc. press release dated September 4, 2003

EX-99

EXHIBIT 99

The Spiegel Group Reports August Sales

DOWNERS GROVE, Ill. - September 4, 2003 - The Spiegel Group (Spiegel, Inc.)
today reported net sales of $104.4 million for the four weeks ended
August 23, 2003, a 30 percent decrease from net sales of $149.6 million for
the four weeks ended August 24, 2002.
  For the 34 weeks ended August 23, 2003, net sales declined 23 percent to
$1.044 billion from $1.359 billion in the same period last year.
  The company also reported that comparable-store sales for its Eddie Bauer
division decreased 7 percent for the four-week period and 8 percent for the
34-week period ended August 23, 2003, compared to the same periods last
year.  Eddie Bauer's comparable-store sales reflect a low single-digit
comparable-store sales decline in its apparel stores, combined with weaker
comparable-store sales in its home and outlet stores.
  The Group's net sales from retail and outlet stores fell 18 percent
compared to last year, primarily reflecting the impact of store closings as
well as the decline in comparable-store sales.  The company has reduced its
store base by 18 percent, operating 467 stores at the end of August 2003
compared to 569 stores at the end of August 2002.  Most of the store
closings resulted from actions taken as part of the company's ongoing
reorganization process.
  Direct net sales (catalog and e-commerce) for the Group decreased 42
percent compared to last year, primarily due to lower customer demand, a
planned reduction in catalog circulation and the ongoing negative effect
of the discontinuation in early March of the company's private-label credit
cards issued by First Consumers National Bank to customers of its merchant
companies.
  The Spiegel Group is a leading international specialty retailer marketing
fashionable apparel and home furnishings to customers through catalogs,
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 debtor-in-possession (DIP) financing 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; the effects on the company of the Pay-Out
Events 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 outcome of the 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