Archive for May, 2013

HSN’s Sales Rise Just 2 Percent, To $550.1 Million In First Quarter

May 3, 2013

HSN’s sales saw a 2 percent uptick in the first quarter, to $550.1 million, versus the year-ago period, the home shopping network reported Thursday.

Sales grew in apparel & accessories, beauty and home design, but that was offset by lower sales in jewelry and electronics, HSN said. The average price point decreased 9 percent, the units shipped increased 12 percent and the return rate increased 70 basis points to 20 percent primarily due to changes in product mix, according to HSN.

059874-PRN-HSN-LOGO-n`059Medium[1]

Digital sales increased 4 percent with penetration increasing 80 basis points to 35.7 percent. 

However, digital sales “were tempered by the launch of the digital site redesign across all HSN digital platforms that occurred early in the quarter,” the company said.

In other words, we hated the new website!

“In addition, last year’s results included one extra day versus the current year because of leap year,” HSN said.

Gross profit increased 2 percent to $192.4 million and gross margin increased 20 basis points to 35 percent. The margin was favorably impacted by the product mix shift, partially offset by an increase in shipping and handling promotions.

Adjusted EBITDA increased 3 percent to $58.9 million compared to $57.3 million in the prior year. Operating income increased 2 percent to $48.6 million compared to $47.5 million in the prior year.

Sales for HSN Inc., which includes both the network HSN and the Cornerstone unit, increased 7 percent, to $772.7 million.

“I’m pleased with HSNi’s first quarter performance and the progress we made in creating a powerful and differentiated retail experience,” HSN CEO Mindy Grossman said in a canned statement.

“Across HSNi, we continue to reach and engage customers through content-rich, immersive experiences on multiple digital platforms,” she said.

“These efforts contributed to sales growth of 5 percent and digital sales growth of 10 percent. We also had EPS (earnings per share) growth of 24 percent and returned value to shareholders through our share repurchase and cash dividend programs that included purchasing approximately 1.2 million shares during the quarter.”

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Angela Lindvall Is Out, JAI John Hardy Jewelry Is In On QVC

May 1, 2013

It looks like upscale jewelry designer John Hardy has a new person to represent his line on QVC — and a new line. So former model Angela Lindvall appears to be out, and a dude named Scott Grimes is in.

A year or so ago QVC debuted a jewelry collection called Angela by John Hardy, a lower-priced version of the designer’s Balinese sterling silver pieces. We once bought a cross from the line, which was repped by Lindvall, a gorgeous blonde with Midwestern roots.

But today on QVC.com’s homepage, we saw a flag for “JAI John Hardy,” and we wondered what the heck happened to Angela.

There are no more of her pieces on QVC.com. Instead, there was a photo of Grimes and jewelry from this new John Hardy line, which is apparently replacing Angela.

http://www.qvc.com/JAI-John-Hardy-Jewelry.category.1001.html?refine=1046658+4294931425

There was already a thread about JAI John Hardy on the QVC’s jewelry forums, and those snippy things were complaining that the new pieces looked too “Asian.” That’s the point, you nitwits!

http://community.qvc.com/forums/jewelry-talk/topic/375112/jai-by-john-hardy.aspx

The Balinese have been making handcrafted, classic, gorgeous jewelry for eons. It’s timeless. What are you women yapping about? Snap out of it!

Here is how QVC described the former Angela by John Hardy line “at QVC.”

If you’re looking for designer jewelry that’s meant for mixing, layering, and refining your style, set your sights on Angela by John Hardy. Created by Angela Lindvall, this rare collaboration features Balinese-inspired designs crafted from recycled silver and gold. Inspired by the natural world and the human spirit, Angela strives to bring attainable luxury to women everywhere through this collection.

Witness Angela’s natural attraction to the unexpected, the authentic, and the eclectic. Note the brilliant use of oxidation, 14K gold accents, natural stones, and Diamonique simulated gemstones in many Angela by John Hardy bracelets, rings, earrings, cuffs, pendants, and necklaces. And tune in to QVC as Angela shares the story behind her portfolio of pieces, as well as the places, people, and moments that inspired them. For a superb selection of Angela by John Hardy designer jewelry, shop QVC.com and start collecting her special editions.

Here is what QVC.com is saying about JAI:

A bold collection inspired by artisans’ passion for giving and sharing, JAI John Hardy designer jewelry is a statement from the heart. Influenced by Asian traditions, these bracelets, rings, earrings, necklaces & more are intricately crafted with unexpected materials for the woman who aspires to a distinctive jewelry experience.

Here is what it is saying about Grimes:

Scott Grimes has been a jewelry stylist for John Hardy for over three years and is now bringing JAI John Hardy especially for QVC customers.

Scott lived in Europe and Africa for a number of years, and having studied history, design, and architecture at various universities, is well-versed in how the finest jewelry is created.

An aficionado of the arts, Scott has a fine sense of design elements and functionality, as well as a keen eye for fashion. He brings these qualities to his clients, tailoring each look to reflect their individuality. Also, Scott travels to exotic destinations to experience the inspirations and techniques of local craftsmen and applies these aesthetics to his work as a stylist.