Content about Shopping networks

August 7, 2014

HSN Inc. (HSNi) missed Wall Street expectations for its net income in the second quarter of fiscal 2014.

St. Petersburg, Fla. – HSN Inc. (HSNi) missed Wall Street expectations for its net income in the second quarter of fiscal 2014. HSN reported net income of $40.9 million, a 5% drop from $43.3 million a year earlier.

Net sales rose 5% to $855.2 million, from $812.6 million. Mobile and digital sales growth helped drive the overall improvement in net sales. Promotions in the company’s Cornerstore business negatively impacted net income.

July 8, 2014

HSN Inc. (HSNi) is promoting chief marketing officer Bill Brand to president of HSN, effective immediately.

St. Petersburg, Fla. – HSN Inc. (HSNi) is promoting chief marketing officer Bill Brand to president of HSN, effective immediately. Brand will retain his role as chief marketing officer of HSNi and will continue to report directly to HSNi CEO Mindy Grossman.

Brand is also an executive officer of the company. As president, he will assume responsibility of merchandising, programming, planning and HSN2 in addition to his current responsibilities.

May 1, 2014

Net income declined at HSN Inc. during the first quarter of fiscal 2014 even as sales slightly improved compared to the same period a year earlier.

St. Petersburg, Fla. - Net income declined at HSN Inc. during the first quarter of fiscal 2014 even as sales slightly improved compared to the same period a year earlier. Net income dropped 23% to $24.18 million from $31.54 million.

Net sales climbed 1% to $772.42 million from $772.65 million. A slight decline in average price point, as well as a higher tax rate and increased cost of sales, helped push HSN’s net income down. Mindy Grossman, CEO of HSN, Inc., also cited severe weather as a negative financial factor in the quarter.

April 16, 2014

QVC Inc. plans to expand its European presence into France.

West Chester, Pa. – QVC Inc. plans to expand its European presence into France. With the launch of the new service scheduled for the second quarter of 2015, QVC will expand its e-commerce business to seven operations reaching nine countries.

February 20, 2014

HSN Inc. reported gains in net income and sales during the fourth quarter and fiscal year 2013, compared to the same periods a year earlier.

St. Petersburg, Fla. – HSN Inc. reported gains in net income and sales during the fourth quarter and fiscal year 2013, compared to the same periods a year earlier. During the quarter, HSN Inc.’s adjusted net income increased 7% to $59.9 million from $56 million, while net sales increased 4% to $1.02 billion from $982.9 million.

December 2, 2013

To describe the HSN of today as a TV shopping channel is both woefully dated and reductive. The company, a division of HSNi, has evolved into a multichannel leader, where digital commerce accounts for 36.8% of its $2.2 billion in annual sales.

HSN’s 24/7 shopping format, which bowed in 1981, now seems positively prescient amid the rise of e-commerce.

October 29, 2013

HSN (HSNi) is leveraging the cumulative power of its portfolio of leading lifestyle brands, which include HSN, Frontgate and Ballard Designs, to launch More the Merrier, a multi-platform holiday campaign.

St. Petersburg, Fla. -- HSN (HSNi) is leveraging the cumulative power of its portfolio of leading lifestyle brands, which include HSN, Frontgate and Ballard Designs, to launch More the Merrier, a multi-platform holiday campaign. The campaign will include digital gift guides; special promotional offers, contests and sweepstakes.

October 22, 2013

QVC has opened a second solar farm comprising 11,564 panels on 11 acres at the Rocky Mount Distribution Center owned by QVC Rocky Mount, Inc.

Rocky Mount, N.C. - QVC has opened a second solar farm comprising 11,564 panels on 11 acres at the Rocky Mount Distribution Center owned by QVC Rocky Mount, Inc. Now generating 5.8 million kilowatt-hours per year, this latest addition brings the combined total number of panels at the site to 17,244 over 18 acres. The first field of 5,680 solar panels on seven acres of land was completed in November 2008.

October 11, 2013

Dr. Ulrich Flatten will retire as CEO, QVC Germany at the end of the year, after 12 years of service to the company.

West Chester, Pa. - Dr. Ulrich Flatten will retire as CEO, QVC Germany at the end of the year, after 12 years of service to the company. Under his leadership, Germany has developed into QVC's largest European business and its second largest business outside of the United States.

October 10, 2013

Liberty Interactive Corporation plans to create a QVC Group tracking stock as part of a recapitalization of the Liberty Interactive Group tracking stock.

West Chester, Pa. - Liberty Interactive Corporation plans to create a QVC Group tracking stock as part of a recapitalization of the Liberty Interactive Group tracking stock. The QVC Group class of common stock will track the value of QVC, Inc. and Liberty's approximate 38% interest in HSN, Inc., along with cash and certain liabilities.

August 26, 2013

QVC promoted Alex Miller to the position of senior VP of digital commerce and Dave Caputo to the position of senior VP of TV production and operations.

West Chester, Pa. -- QVC promoted Alex Miller to the position of senior VP of digital commerce and Dave Caputo to the position of senior VP of TV production and operations.

Miller will now be responsible for the customer experience across QVC's web, mobile, tablet and social platforms.

June 18, 2013

QVC has named Mustafa El-Rafey to the position of senior VP talent management and rewards.

West Chester, Pa. -- QVC has named Mustafa El-Rafey to the position of senior VP talent management and rewards. In this role El-Rafey will report to Beth Rubino, executive VP of HR and workplace services, and will lead the development and implementation of a talent management and rewards strategy for QVC. Specifically, he will focus on attracting and retaining key talent, promoting development, performance and accountability, building leadership capabilities, and supporting careers.

June 13, 2013

HSN may have been a pioneer in using TV as a shopping channel, but the retailer is using emerging technology to become a much broader enterprise.

HSN may have been a pioneer in using TV as a shopping channel, but the retailer is using emerging technology to become a much broader enterprise. As HSN CEO Mindy Grossman detailed during a keynote session at last week’s Internet Retailer conference in Chicago, this is not your mother’s HSN. Not by a long shot.

“We’re engaging consumers away from TV,” said Grossman. “There is a dramatic transformation of the consumer. They are being reshaped by technology, social networks and mobility.”

June 4, 2013

QVC has appointed Ted Jastrzebski to the position of CFO. Jastrzebski, who will assume his new role in July 2013, will oversee QVC's financial operations, reporting to Mike George, president and CEO of QVC.

West Chester, Pa. -- QVC has appointed Ted Jastrzebski to the position of CFO. Jastrzebski, who will assume his new role in July 2013, will oversee QVC's financial operations, reporting to Mike George, president and CEO of QVC. He spent the last eight years in global leadership positions at The Hershey Company, most recently serving as senior VP and president of Hershey Americas.

May 15, 2013

HSN Inc. said that it has appointed CFO Judy Schmeling to the additional role of COO, effective immediately.

St. Petersburg. Fla. – HSN Inc. said Wednesday that it has appointed CFO Judy Schmeling to the additional role of COO, effective immediately. Schmeling has been serving as HSN's executive VP and CFO since 2001.

In her new role, Schmeling will be responsible for supply chain operations and customer care functions, in addition to providing ongoing leadership for finance and IT.

February 12, 2013

Amazon has extended its domination of e-retail into the mobile platform, according to the ForeSee Mobile Satisfaction Index: Holiday Retail Edition, released by ForeSee.

Ann Arbor, Mich. -- Amazon has extended its domination of e-retail into the mobile platform, according to the ForeSee Mobile Satisfaction Index: Holiday Retail Edition, released on Tuesday by ForeSee.

In a survey of more than 6,200 consumers collected during the peak holiday shopping season between Thanksgiving and Christmas, Amazon scored highest among 25 of the top mobile commerce companies.

October 31, 2012

Multichannel retailer HSN Inc. reported that net income for the third quarter dropped 27.2% to $17.7 million, from $24.3 million in the year-ago period.

St. Petersburg, Fla. -- Multichannel retailer HSN Inc. reported Wednesday that net income for the third quarter dropped 27.2% to $17.7 million, from $24.3 million in the year-ago period. Results still beat Wall Street projections.

Revenue rose 7.1% to $778.8 million, beating analysts’ estimated $747.1 million in revenue.

The company has now seen profit fall in two consecutive quarters, but it has beaten Wall Street estimates for three quarters in a row.

May 10, 2012

QVC announced the promotion of Steve Hofmann to CEO of QVC Europe, reporting to QVC president and CEO, Mike George.

West Chester, Pa. -- QVC on Thursday announced the promotion of Steve Hofmann to CEO of QVC Europe, reporting to QVC president and CEO, Mike George. 

In the newly created position, Hofmann will oversee QVC's European markets, including the United Kingdom, Germany, and Italy, and accelerate growth opportunities throughout Europe. He maintains his current responsibility as CEO of QVC Italy and will continue to be based in Milan.

May 2, 2012

Multichannel shopping retailer HSN Inc. reported Wednesday that net income for the quarter ended March 31 climbed 29% to $26.2 million, from $20.3 million in the year-ago period.

St. Petersburg, Fla. -- Multichannel shopping retailer HSN Inc. reported Wednesday that net income for the quarter ended March 31 climbed 29% to $26.2 million, from $20.3 million in the year-ago period.

Results were boosted by robust sales from its Cornerstone unit, which includes banners such as Ballard Design, Frontgate and TravelSmith.

Revenue overall rose 5% to $747.3 million. Cornerstone saw an 11% sales rise to $205.4 million. HSN segment sales were up 3% to $541.9 million.

April 19, 2012

HSN announced that it has appointed Nordstrom chief marketing officer Anne Martin-Vachon as its new chief merchant.

St. Petersburg, Fla. -- HSN announced Thursday that it has appointed Nordstrom chief marketing officer Anne Martin-Vachon as its new chief merchant.

Effective May 14, Martin-Vachon’s will assume the position of chief merchandising officer for the multichannel retailer, charged with overseeing HSN's merchandising and planning teams. She will report directly to Mindy Grossman, CEO.

February 24, 2012

Liberty Interactive, parent company of QVC, reported revenue growth for the fourth quarter and full year thanks to favorable results at QVC and its e-commerce division.

Englewood, Colo. -- Liberty Interactive, parent company of QVC, reported revenue growth for the fourth quarter and full year thanks to favorable results at QVC and its e-commerce division.

Liberty Interactive's revenue increased 7% to $3.1 billion in the fourth quarter, and 8% to $9.6 billion for the year.

"QVC finished the year strong with impressive Q4 results, particularly in the United States and Japan, despite a challenging macroeconomic environment," stated Greg Maffei, Liberty Interactive president and CEO.

February 17, 2012

Mindy Grossman, CEO of HSN Inc., is staying at the home shopping giant and is not interested in becoming the next CEO at Avon Products Inc., according to Women's Wear Daily.

New York City -- Mindy Grossman, CEO of HSN Inc., is staying at the home shopping giant and is not interested in becoming the next CEO at Avon Products Inc., according to Women's Wear Daily.

The report cited a letter Grossman sent to top HSN executives at HSN.

Previous reports had Grossman as a top candidate to replace Avon CEO Andrea Jung, who agreed in December to resign.

December 12, 2011

QVC announced that Beth Rubino has been promoted to executive VP human resources and workplace services, reporting to QVC president and CEO Mike George.

West Chester, Pa. -- QVC announced Monday that Beth Rubino has been promoted to executive VP human resources and workplace services, reporting to QVC president and CEO Mike George.

Rubino was previously senior VP human resources and workplace services.

In addition to her global human resources role, Rubino will continue to oversee QVC's corporate communications, as well as its community affairs programs and corporate social responsibility efforts.
 

October 7, 2011

HSN will introduce a new way for consumers to shop with their television when it debuts Quick Response codes live on HSN HD during its bi-annual “Innovation Weekend” event, which runs Oct. 7 to Oct. 10.

St. Petersburg, Fla. -- HSN will introduce a new way for consumers to shop with their television when it debuts Quick Response codes live on HSN HD during its bi-annual “Innovation Weekend” event, which runs Oct. 7 to Oct. 10. It will be the first ever retailer to use QR codes on-air.

May 20, 2011

Liberty Media Corp. has offered to buy Barnes & Noble in a deal valued at about $1 billion, which represents a 20% premium over the bookseller’s market value Thursday.

New York City -- Liberty Media Corp. has offered to buy Barnes & Noble in a deal valued at about $1 billion, which represents a 20% premium over the bookseller’s market value Thursday. Barnes & Noble said Thursday that the cash offer, which the Wall Street Journal called a “stunner,” is worth $17 a share.

The companies have yet to sign an agreement.