Archive for June, 2014

Jewelry TV Holds Jewel School Designer Challenge

June 30, 2014

Jewelry Television invites jewelry designers is holding its annual Jewel School Designer Showcase Challenge, with more than $10,000 in cash and prizes are up for grabs for 60 winners.

Competitors can enter their one-of-a-kind creations until Aug. 17, according to the network.

“Jewelry-making complements us as a retailer of loose gemstones,” Trisha Condra, JTV’s vice president and general merchandising manager of gemstones, said in a canned statement. “Each year, the Designer Showcase brings the individuality of our customers to the forefront. We love providing a platform to celebrate their creativity.”

Contestants may enter into the following categories:

– Mixed-Up Media: Finished jewelry must feature Kumihimo, leather, concrete or polymer clay using any technique.

– Metal-Art Play: Finished jewelry must feature metal and wire using techniques of metal smithing, wire work, viking knit, art clay or chain maille. This includes the use of cold and hot connections, metal forming, weaving wire or firing plates.

– Blissful Beading: Finished jewelry must feature beads from the smallest seed bead to the largest focal bead or any size in between using techniques such as knotting, beading wire, bead weaving or looming.

A panel of judges will review the entries from Aug. 18 to 31 and select 20 finalists from each category.

On Sept. 1, the finalists will be announced and online voting will commence. A grand prize winner, fan favorite and three category winners will be announced live on air Sept. 22.

The grand prize winner and fan favorite will receive Jewel School products and cash totaling $3,500. All category winners and finalists will receive prizes with Jewel School products, gift cards and/or cash totaling $6,650.

For more information and to enter the Jewel School Designer Showcase Challenge, visit jtv.com/challenge.

About Jewelry Television®

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Grammy Winner Jason Mraz To Perform Live On HSN July 1

June 28, 2014

We’re getting old: Things are blending together and we don’t know all the names of popular musical artists. A case in point is Grammy Award-winning Jason Mraz.

This guy, who we are sorry to say that we are not familiar with, will be performing live on HSN next Tuesday, July 1, at 9 p.m. He will be hawking his fifth album, “Yes!”

Mraz and his band Raining Jane will perform tracks from “Yes!”

JASON

He joins the growing list of performers who have done live concerts now on the home shopping network, such as Mary J. Blige, Tony Bennett, Josh Groban, Lionel Richie and Rod Stewart.

“Jason’s partnering with Raining Jane has resulted in an intimate journey of acoustic splendor,” Andy Sheldon, chief creative development officer for HSN Entertainment, said in a statement. “This night will be a special one for HSN viewers as we create a visual and audio experience that truly showcases the artistry and brilliance of Jason.”

The singer’s global hit was “I’m Yours.”

HSH’s exclusive “Yes!” CD bundle includes:

YES! Track List:
1. Rise
2. Love Someone
3. Hello, You Beautiful Thing
4. Long Drive
5. Everywhere
6. Best Friend
7. Quiet
8. Out of My Hands
9. It’s So Hard To Say Goodbye To Yesterday
10. 3 Things
11. You Can Rely On Me
12. Back To The Earth
13. A World With You
14. Shine

Bonus Tracks, available exclusively at HSN.com:
1. I’m Yours (Live)
2. I Won’t Give Up (Live)
3. You & I Both (Live)
4. 93 Million Miles (Live)

Hip-Hop Singer Nicki Minaj Coming To HSN With Fragrance

June 27, 2014

Look many female singers before her, hip-hop star Nicki Minaj is coming to HSN next month to hawk her new fragrance.

Minaj, who has apparently toned down her Technicolor hair, will be on the air July 11 with Minajesty: Exotic Edition.


Here’s the scoop from an HSN.com blog:

http://community.hsn.com/t5/HSN-Blogs/Nicki-Minaj-Shares-Inspiration-Behind-Her-New-Fragrance-Exotic/ba-p/612754?cm_mmc=social-_-facebook-_-blogs-_-nickiminajexoticinspiration

Fragrance is a woman’s best accessory because it makes you feel more confident. It’s sexy and it makes you feel unique.
Nicki Minaj

With the launch of her new fragrance, her new album, and more natural look, Nicki Minaj is revisiting her roots. We got the chance to learn a little bit more about Nicki, her background and success with a recent Q&A.

Q: You’ve been speaking about going back to your roots. What does that mean to you?

A: “As it relates to music, it just means to make sure I remain in a place where the music always comes from my heart and that nothing else but passion is driving what I do. The PinkPrint will be a very passionate album.”

Q: Can you tell us one person you admire or look to as a mentor, and why?

A: “I admire and feel mentored by Lil Wayne. I’ve always loved his work ethic & unique talent. He’s been my biggest teacher in rap music.”

Q: What does a “Day-in-the-Life of Nicki Minaj” look like?

A: “It looks like long hours in the studio, tons of calls and emails all day, lots of laughs with my best friends, approving photos, approving mixes to songs that will make the album, trying on clothes for upcoming events, and always less sleep than my body needs.”

Q: What one piece of advice would you give to a woman who is struggling with self-confidence?

A: “I’d tell her that she was beautiful whether she realizes it or not and that the moment she begins to believe in herself, the possibilities in life are endless.”

Minaj follows in the footsteps of singers such as Mary K. Blige and Jennifer Lopez, who have also hawked their scents on HSN.

Ex-ShopHQ CEO Keith Stewart Gets $2.5 Million Severance Package

June 26, 2014

Don’t shed any tears for Keith Stewart, who exited as CEO of ShopHQ last weekend after a long proxy fight. He’s leaving with a nice severance package.

The network filed a copy of his severance agreement with the Securities and Exchange Commission on Wednesday.

http://hsprod.investis.com/site/irwizard/vvtv/ir.jsp?page=sec_item_new&ipage=9670635&DSEQ=&SEQ=&SQDESC=

Here’s the bottom line: He will get severance pay of $1,427,108, which represents twice his annual base salary as well as severance bonus pay of $1,070,331, which represents twice his target annual incentive bonus of 75 percent of his annual base salary “for a period of 24 months.”

Keith Stewart

Keith Stewart

Under the “separation agreement,” ShopHQ will also pay Stewart all accrued and earned (but unpaid) base salary, vacation and other accrued amounts, as well as all outstanding expense reimbursements. The figure for all that is unspecified.

As for benefits, Stewart and his family will continue to receive group health, dental and life insurance.

According to the SEC filing, Stewart resigned as a member of the network’s board and as CEO last Sunday.

“Mr. Stewart did not resign due to any material disagreement with the Company, known to an executive officer of the Company, on any matter relating to the Company’s operations, policies or practices or otherwise<' the filing said.

Stewart left after dissident shareholders, The Clinton Group, waged a successful battle to get four of its nominees voted onto ShopHQ's board.

Under the separation Agreement, Stewart and ShopHQ agreed that his resignation would be treated as a result of an “event” and for reasons other than “cause.”

There are conditions for Stewart to get this golden parachute.

He must "deliver to the Company a customary release of claims in favor of the Company in an agreed form; (ii) Mr. Stewart must not revoke such release; (iii) the rescission periods provided by law for such release must have expired; and (iv) Mr. Stewart must be in substantial compliance with the material terms of the Separation Agreement and the Employment."

The agreement also includes "customary non-competition, non-disparagement and confidentiality and non-disclosure provisions." In other words, he can't badmouth ShopHQ.

New Sheriff In Town At ShopHQ, Boots Should Be Shaking

June 25, 2014

So ShopHQ’s dissident shareholders have succeeded in their quest, and dethroned CEO Keith Stewart. The new sheriff in town is Mark Bozek, a former HSN chief. Now what?

In their many regulatory filings and letters to shareholders, The Clinton Group made it clear it was unhappy with ShopHQ’s product mix. We don’t think you’ll be seeing hours and hours — and days — of Invicta watches in the near future.

Meet Mark Bozek

Meet Mark Bozek

The Clinton Group told other shareholders that it didn’t make sense to sell merchandize that consumers can readily purchase in a brick-and-mortar store.

Next, the president of ShopHQ under Stewart, Bob Ayd, should probably be sending his resume out, unless he has a prior relationship with Bozek that we don’t know about.

The dissidents also criticized the No. 3 home shopping network’s location in remote, and freezing, Minneapolis. The network will likely open up, at the very least, an office in Manhattan.

If we were a ShopHQ vendor, we’d be worried right now. We don’t have the sales figures to know how Chuck Clemency or Paul Deasy’s jewelry sells, but the new ShopHQ leadership will give it a close look, we’re sure.

The Clinton talked about creating proprietary brands, but we assume they will want to launch their own. We don’t know how loyal they will be to the old ones.

And as for the network’s hosts, we suspect Bozek will give them a close look to decide if they should stay or not.

Here’s the 411 on Bozek:

Mr. Bozek is the former CEO of Home Shopping Network (HSN). Mr. Bozek generated over $6 billion in sales and $1 billion in profits while managing 6,000 employees at HSN. Mr. Bozek transformed HSN’s merchandising through innovation and strategic leadership.

Mr. Bozek built multiple $100+ million proprietary brands while running the company, including Ingenious Designs. He also was responsible for the development and growth of HSN’s current top selling brands including Andrew Lessman, Diane Gilman, Wolfgang Puck and Serious Skin Care.

In 1998, Bozek launched HSN.com. He grew this online business to over $100 million in 18 months. Mr. Bozek was also responsible for the international launches of HSN in Japan, Europe and China.

Mr. Bozek’s merchandising and media success began as a producer at Fox Television and then as a Senior Vice President at QVC. Mr. Bozek was at Fox Television at its inception in 1998, where he was a three-time Emmy nominee. Bozek has previously served as a director of Sykes Enterprises.

Dissident ShopHQ Shareholders Oust Keith Stewart, Bozek In Charge

June 24, 2014

ValueVision Media Reconstitutes Board of Directors to Include Five New Members; Mark Bozek, Former HSN Chief, Named Chief Executive Officer; Bob Rosenblatt Named Chairman of the Board

In other words, Keith Stewart was essentially shit-canned.

MINNEAPOLIS, MN–(Marketwired – Jun 23, 2014) – ValueVision Media, Inc. (NASDAQ: VVTV), a multichannel electronic retailer operating as ShopHQ via TV, Internet and mobile, today announced it has reconstituted its Board of Directors and has unanimously appointed Mark Bozek Chief Executive Officer and Bob Rosenblatt Non-Executive Chairman of the Board, effective immediately.

Mr. Bozek succeeds Keith Stewart, who has resigned as Chief Executive Officer and as a director of the Company. Mr. Bozek has more than 20 years of senior executive experience in the multi-channel commerce, electronic retailing and entertainment industries, including having served as CEO of HSN, Inc., Senior Vice President of QVC, Inc., and as a producer at Fox Television.

ValueVision also announced that IVS Associates, Inc., the independent inspector of elections, has certified the voting results at the Company’s Annual Meeting, held on June 18, 2014. Four ValueVision nominees and four nominees of the Clinton Group, Inc. were elected to the ValueVision Board of Directors. ‘

The Board has appointed former President of Saks Fifth Avenue, also a fifth Clinton Group nominee, Ronald Frasch, as a director following Mr. Stewart’s resignation.

Accordingly, the Board will consist of: Thomas Beers, Mark Bozek, John Buck, Ronald Frasch, Landel Hobbs, Lowell Robinson, Bob Rosenblatt and Fred Siegel. The newly reconstituted Board will focus on further strengthening the Company’s financial and operating performance and delivering meaningful returns for all ValueVision shareholders.

John Buck said, “We are pleased to welcome Mark Bozek, a pioneer and innovator in the retail and electronic retailing industries, as our new CEO. Mark has a proven track record of building consumer brands and driving revenue at both HSN and QVC, and we expect to leverage his expertise as ValueVision embarks on its very exciting next stage. As the Board’s longest tenured director, I welcome the energy and fresh perspectives of Mark and our other new directors, and look forward to working closely with them to transform the ShopHQ brand into the preeminent commerce and media franchise we know it can become.”

Mark Bozek said, “I am thrilled to join the team at ShopHQ and humbled by the opportunity to work with a talented Board and dedicated employees. ValueVision has great assets and our vision of all that comes next is ambitious; we plan to evolve the business, creating more robust platforms that enable us to become a far more relevant player in the multi-channel worlds of TV, online and mobile commerce and entertainment.

“By instilling a culture of accountability, respect and passion for the unique world of a ‘dollars per minute’ business, we believe ShopHQ has boundless potential. We will work tirelessly in the coming months to develop a comprehensive strategic plan for growth — one that includes employees, our loyal customers, as well as our valued product and brand creators — enabling ValueVision to create long-term shareholder value.”

Mr. Buck concluded, “On behalf of the Board, I would like to thank Keith Stewart, along with the other outgoing directors — Jill Botway, William Evans, Sean Orr and Randy Ronning — for their many contributions to ValueVision. We wish them all good things in their future endeavors.”

ValueVision shareholders also approved all proposals submitted for a vote at the Annual Meeting, including the approval of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending January 31, 2015. The results of the Annual Meeting have been filed with the Securities and Exchange Commission.

http://nypost.com/2014/06/24/mark-bozek-to-succeed-keith-stewart-at-shophq/

http://nypost.com/2014/06/24/mark-bozek-to-succeed-keith-stewart-at-shophq/

QVC Honcho Mike George Got $1.2 Million In Comp In 2013

June 24, 2014

QVC Inc. President and CEO Mike George received $1.2 million in executive compensation last year, way down from the prior year’s $18.2 million.

That was the dish from the proxy statement that QVC’s parent, Liberty Interactive Corp., filed Monday with the Securities and Exchange Commission.

http://ir.libertyinteractive.com/secfiling.cfm?filingid=1047469-14-5802&CIK=1355096

We’ve read the filing several times, and our thick head still can’t figure out exactly why George’s comp took such a hit. We’re not sure if it is related to stock options he has coming, or what.

We do know that the CEO of QVC’s parent, Greg Maffei, also had a significant drop in his executive compensation in 2013. It nosedived to $2.7 million from $45.3 million in 2012.

George’s base salary was just about flat this year, at just over $1 million. The biggest change in his comp was for option awards: He had none in 2013 but $16.1 million in 2012.

Of anyone can make sense of the filing, please enlighten us.

Beers, HSN And QVC Alums Elected To ShopHQ Board

June 22, 2014

It’s official: The man who produced “Deadliest Catch” and the former head of HSN are now on ShopHQ’s board.

Reality TV guru Thom Beers and Ex-HSN chief Mark Bozek are among four members of a dissident stockholder group that were elected to replace half ShopHQ’s board last week.

ShopHQ filed an 8-K with the Securities and Exchange Commission Friday listing the results of the vote.

http://hsprod.investis.com/site/irwizard/vvtv/ir.jsp?page=sec_item_new&ipage=9665044&DSEQ=&SEQ=&SQDESC=

The Clinton Group, which has been waging a battle to replace ShopHQ’s management, including CEO Keith Stewart, managed to get not only Beers and Bozek elected, but also QVC alum Fred Siegel and Robert Rosenblatt, a veteran of Tommy Hilfiger and HSN.

http://addvalueandvision.com/

It should make for some interesting times at the No. 3 home shopping network.

Alert: Check TJ Maxx’s Men’s Jewelry For John Hardy

June 20, 2014

Heads up jewelry geeks and freaks. We can’t speak for the rest of the country, but the TJ Maxx stores in North Jersey have gotten a stock of John Hardy jewelry.

We love his high-end stuff, and have been visiting every store within a 50-mile radius to see what is available.

But here is the trick gals: Check the men’s section of TJ Maxx’s jewelry counter. There is a lot of Hardy men’s jewelry there, but guess what? A beautiful silver bamboo cross is unisex.

The only catch with the men’s necklaces is that some of the silver crosses are on black stainless steel chains, which we don’t like. But we just slipped the cross on one of the zillions of silver chains we own.

There are also Hardy pieces in the women’s section, of course.

Even at TJ Maxx Hardy jewelry isn’t cheap, but it is a fraction of its MSP price, which you would pay in places such as Neiman Marcus.

It is a bargain. We were in Nordstrom in Paramus last night checking out the jewelry, and some of its fashion jewelry is priced higher than the real sterling, handcrafted Hardy pieces at TJ Maxx. That’s just wrong.

Dissidents Replace Half Of ShopHQ’s Board, Post Says

June 20, 2014

ShopHQ’s dissident shareholder group made inroads into the home shopping network’s board this week, the New York Post reported Thursday.

http://nypost.com/2014/06/19/activist-investor-shakes-up-shophq-parents-board/

The Clinton Group, following a proxy battle, claims that ShopHQ stockholders voted in four of its slate of six board nominees, the Post reported. That means that the 8-member board will be split between the Clinton Group and current management, with each having four seats.

The dissidents, who were looking to oust ShopHQ CEO Keith Stewart, were thwarted in their attempt to gain control of the board by Comcast Corp., the 800-pound gorilla cable company, the Post said.

Comcast, which owns a 14 percent stake in the No. 3 home shopping network, threw its support behind the board incumbents.

ShopHQ told the Post that the votes for the board members are still being counted.