Yesterday we came to the same conclusion as one of our Facebook friends about the product on QVC whose sales tanked in the second quarter: WEN by Chaz Dean.
We could be wrong, of course. But that’s our guess.
In one of our recent blogs, we quoted QVC CEO Mike George’s remarks from a 2Q earnings call with Wall Street analysts last week.
George said that one of the home shopping network’s products had seen its sales dip, according to a transcript of the call from Seeking Alpha.
“Finally, one of our largest brands faced a significant drop-off in sales at QVC and other outlets, which did materially impact our overall results,” George said. “Now this particular issue is brand specific and not reflective of our overall consumer health.”
The WEN hair care products have run into a ton of trouble. Complaints from customers who lost hair after using WEN have filed a class-action suit against it, and the FDA is also investigating the complaints.
George said that the product that lost sales was sold at QVC and “other outlets,” and WEN is sold via infomercials as well as the Q.
Anyone have any more thoughts and guesses?