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) :   July 8, 2004

                            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 July 8, 2004, 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 July 8, 2004

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



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:   July 8, 2004           By: /s/ James M. Brewster
                                     --------------------------
                                     James M. Brewster
                                     Senior Vice President
                                     and Chief Financial Officer
                                     (Principal Accounting and
                                      Financial Officer)

EX-99

Exhibit 99

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


The Spiegel Group Reports June Sales

DOWNERS GROVE, Ill. - July 8, 2004 - The Spiegel Group today reported
net sales of $124.1 million for the five weeks ended July 3, 2004, a
23 percent decrease compared to net sales of $160.2 million for the
five weeks ended June 28, 2003.  Sales comparisons for June were
impacted by the company's sale of its Newport News business.  Net
sales reported for June 2004 include the Newport News business through
June 21, 2004, whereas last year's sales include results for the full
five-week period.  Excluding the Newport News business, the Group's net
sales decreased 18 percent for the month of June 2004 compared to
June 2003.

For the 26 weeks ended July 3, 2004, total net sales declined 21 percent
to $660.1 million from $840.2 million in the same period last year.

The company also reported that comparable-store sales for its Eddie
Bauer division decreased 11 percent for the five-week period and 6
percent for the 26-week period ended July 3, 2004, compared to the
same periods last year.

Net sales from retail and outlet stores fell 14 percent for the month
compared to the same period last year, reflecting a decline in
comparable-store sales and fewer stores compared to last year.

The Group's direct net sales (catalog and e-commerce) decreased 31
percent for the month compared to the same period last year primarily
due to the sale of the Newport News business, lower customer response
and a planned reduction in catalog circulation.  Excluding the Newport
News business, direct net sales decreased 23 percent for June compared
to the same period last year.

The Spiegel Group is an 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 and spiegel.com.  The Spiegel Group's businesses
include Eddie Bauer 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 credit card operations; 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.