Evine Honcho Made $2.7 Million In Comp Last Year

May 5, 2017

It’s proxy statement time at Evine, where CEO Bob Rosenblatt racked up $2.7 million in executive compensation last year, according to a filing with the Securities and Exchange Commission.

He earned a $640,000 base salary, had $1.4 million in stock awards and $421,000 in option awards, and $239,000 in other compensation, with half of that for commuting expenses.

EVP and CFO Timothy Peterman received $617,000 in comp last year, less than the $729,000 he got the prior year.

Nicole Ostoya, EVP and chief marketing officer, got a tidy $707,000.

The home shopping network’s former and failed CEO, Mark Bozek, had $793,000 in executive comp last year, versus $1.7 million in 2015.

Court Asked For Final OK Of $26.3 Million Settlement Against Wen

May 5, 2017

FYI re Wen By Chaz Dean: Consumers who filed a class action suit against the hair care company have asked for final federal court approval of a $26.25 million settlement of the case.

In Los Angeles the motion on May 1 was made to the U.S. District Court for the Central District of California, asking it to put its imprimatur on the settlement of the lawsuit against direct marketer Guthy-Renker LLC and Wen By Chaz Dean Inc.

QVC sells a variety of Wen products, pitched by Dean.

In the litigation, consumers alleged that Wen products caused hair loss and problems with their scalps.

Coffee With HSN’s Heidi Daus In Montclair

May 4, 2017

For those who don’t read our Facebook page, wanted you to know that we ran into HSN jewelry vendor Heidi Daus at the Montclair Quick Chek Wednesday morning when we were getting our coffee.

We knew that she lived in our North Jersey town, but had never seen her.

She was very gracious and lovely, and said she has a TS coming up later this month!

Mindy’s Swan Song: HSN’s 1Q Sales Dip 3 Percent

May 4, 2017

The hits keep coming for home shopping, with HSN reporting on Wednesday that its sales slipped 3 percent, to $560.5 million, in the first quarter. And the channel put some of the blame on Leap Year.

“Excluding the benefit of having an additional day for leap year in the first quarter of 2016, HSN’s net sales decreased 2 percent,” the network said in its press release.

Mindy Grossman, HSN’s veteran CEO, was missing from the Wall Street conference call on the earnings. That’s because she’s leaving to join to head up Oprah Winfrey’s Weight Watcher’s International.

Last week HSN Inc., which includes not only the shopping channel but Cornerstone Brands Inc., announced that Grossman had resigned effective May 24. Until a successor is named, the board has established the Office of the Chief Executive consisting of Chief Financial Officer Rod Little, HSN President Bill Brand and Judy Schmeling, chief operating officer of HSNi and president of Cornerstone.

LIttle offered the canned statement:

We continue to focus on stabilization and ultimately growth regeneration in the business. The continued strength of digital sales, and mobile sales in particular, has been very encouraging. Digital sales, which now account for over half of our revenue, continued to grow both in absolute terms and as a proportion of total revenue. Mobile, which we see as our flagship, continues to be our fastest growing sales channel and significant source of new customer acquisition.

We remain committed to our strategies to improve our performance. Our key priorities are: acquiring and retaining customers via a robust and relevant product portfolio, optimizing our digital platforms, and improving our supply chain capabilities and efficiency, all to drive consistent shareholder value creation.

As we look to celebrate our 40th anniversary this summer, we thank Mindy Grossman for her vision, inspiration and leadership over the past decade.

HSN’s digital sales grew 3 percent with penetration increasing 290 basis points to 46.7 percent. Apparel, accessories, kitchen and home revenue increased, offset by decreases in other product categories. Shipping revenue declined main to the August 2016 changes in the network’s standard shipping rates and increased promotions.

The average price point increased 4 percent largely due to changes in product mix. Units shipped decreased 8 percent.

HSN’s gross profit decreased 4 percent to $191.1 million. Gross profit rate decreased 40 basis points to 34.1 percent primarily due to a decrease in shipping revenues and higher fulfillment costs, partially offset by an increase in product margins.

The increase in fulfillment costs was primarily the result of the ongoing implementation of HSN’s supply chain optimization which, among other things, includes expanding the automation capabilities in its Piney Flats, Tenn., distribution center.

HSNi’s net sales decreased 4% to $785.4 million. Excluding the results of TravelSmith and Chasing Fireflies, two Cornerstone brands divested last September, and an additional day for leap year within the HSN segment, HSNi’s net sales dropped 1 percent.

Evine To Report First-Quarter Results May 23

May 3, 2017

Evine will release its first-quarter earnings May 23 before the market opens, the home shopping network said Tuesday.

CEO Bob Rosenblatt and Chief Financial Officer Tim Peterman will hold a conference call at 8:30 a.m. to review the results.

Those interested in participating in the conference call should dial 1-877-407-9039 or 1-201-689-8470 (international) at least five minutes prior to the call.

There will be a simultaneous audio webcast at http://event.on24.com/wcc/r/1336366/E19C012FADA147573983E34DDF0EE365

A replay of the conference call will also be hosted on Evine’s website for a limited time.

Gem Expert Peyton Kelley To Exit QVC ASAP

May 1, 2017

Absolutely shocked, stunned and disappointed to learn that QVC’s gem expert and buyer Peyton Kelley is leaving the home shopping network.

Kelley posted the news earlier today on his QVC Facebook page, which he said will soon be eliminated. Tomorrow is his last day at QVC.

This is very abrupt news, and we are not happy about it. Kelley was informative, gracious and interesting when he appeared on-air.

QVC, give us a break!

Here is Kelley’s post:

May 1 will be my final day at QVC. I wanted to tell you all what a pleasure and privilege it has been for over 18 years to share my passion of Gemstones, Diamonds, and Artisan Crafted Jewelry with you.

We have had quite a journey together through many mines, countries, and designers. I hope you have had as much fun as I have. I have loved every minute of it!

I have been blessed to work with many wonderful designers and brands over the years. A little montage of some of these are mentioned below.

My Peyton Kelley QVC Facebook page will be going away at the end of day May 1 but my personal page will continue on. I will be taking a break from Facebook for a while. I am not sure what my next adventure will be but please stay tuned.

With Warmest Regards,
Peyton

Evine’s Evote To Offer Nighty-Night Beauty

April 27, 2017

It’s late, and we’re too tired to break this down for you. But here is Evine’s Wednesday press release.

Evine Hosts World-Wide Launch of “Evoté Beauty,” Gives “Beauty Sleep” New Meaning

MINNEAPOLIS, April 26, 2017 (GLOBE NEWSWIRE) — Evine Live Inc. (“Evine”) (NASDAQ:EVLV), a multiplatform video commerce company (evine.com), today announced the world-wide premiere of “Evoté Beauty,” the future of anti-aging skincare, on May 5, 6 and 7. Developed by Irena James, a prominent and highly respected instructor at UCLA Extension Cosmetic Sciences Program, and her husband Nik James, a third generation cosmetic ingredient manufacturer, Evoté challenges skincare industry norms by targeting the skin at night with breakthrough, patent-pending formulas designed to work with the body when the skin is naturally more receptive to accepting and working with age-defying nutrients.

“This is one of the most exciting skincare launches I’ve seen in a long time,” said Bob Rosenblatt, Chief Executive Officer of Evine. “Evine has quickly become a destination for customers looking to find the latest and greatest technologies and trends in beauty. Not only is Evoté a breakthrough product line, but one I believe will change the way our customers understand and view anti-aging. I’m thrilled Nik & Irena have chosen Evine to host the world-wide launch and can’t wait to introduce our Evine family to these exceptional creators who have decided, for the first time ever, to step outside the professional skin care industry and academic teaching platform, in order to bring to our customers their lifetime of research.”

Evoté challenges the status quo of anti-aging by capitalizing on the 24-hour circadian rhythm and kinetics of the skin’s natural cellular process. Skin has its own rhythm, which Evoté refers to as the “cell clock,” and night is a time when the body rests, repairs and regenerates – both below and above the skin’s surface. The husband-wife co-creators designed Evoté to make the most of the skin’s nighttime shift by taking advantage of both cutting-edge ingredient technology and revolutionary research of the body’s normal process to restore vital functions overnight, a time when the skin’s barrier is more receptive to treatment.

“Biology and chemistry have always been a huge part of my life and I’ve dedicated the bulk of my education and career to finding new solutions for aging and other ‘hard-to-treat’ skin imperfections. Evoté not only marks an important point in my personal career, but it’s something I believe will shatter the skincare industry and fiercely challenge the status quo of anti-aging. Evoté will affect the very future of skincare forever… a future that recognizes the vital role sleep plays in keeping skin looking young,” said Irena James, skincare expert and co-founder of Evoté. “’Beauty sleep’ is not a myth. I’m looking forward to sharing my scientific and industry expertise with Evine viewers during the world-wide debut of ‘Evoté Beauty.’”

Differentiating itself from all other skincare brands, Evoté’s nighttime products feature the 12 HR BioComplex™, a patent-pending technology made with select actives, too fragile to be used during the day, but able to rejuvenate and resynchronize the skin’s appearance during nightly rest. Evoté also works by optimizing the skin’s natural nighttime functions of restoration, detoxification, re-energization and replenishment. Complementing the nighttime product line, Evoté’s daytime products include the proprietary White Carbon Complex™, which focuses on shielding the skin’s outer layers from environmental contaminants with purifying and brightening properties to make dull skin appear more radiant.

Irena’s influential work is prolific in the world of skincare research, product innovation, and protocol development, which created the groundwork for the core scientific principles behind Evoté. A prominent instructor at UCLA Extension and around the globe, Irena has educated thousands on the latest in skincare innovation and discovery of cosmetic ingredients for more than two decades. Her husband Nik has a keen insight into all aspects of skincare manufacturing, development and research and is son to one of the world’s most prominent award-winning cosmetic ingredient experts and published skin care researcher, Rebecca Gadberry.

Evoté debuts May 5 at 12pm and 11pm, May 6 at midnight, 3am, 6am, 8am, 11am, 3pm and 8pm, and May 7 at 12pm ET.

Wig-Meister Toni Brattin Joins QVC, After HSN And Evine

April 27, 2017

Wednesday was a big day for home shopping news.

Wig purveyor Toni Brattin, who was on HSN and then went to Evine, announced on Facebook that she is heading to QVC.

“My launch date will be announced soon,” she wrote. “Meanwhile you can continue to find all your Hair Fabulous, Tan Secret, and other products on my website.”

Holy Mackerel: HSN CEO Grossman To Head Oprah’s Weight Watchers

April 27, 2017

We guess we really shouldn’t have been surprised when we checked our email Wednesday and saw the press release that HSN CEO Mindy Grossman was leaving the home shopping network for another gig.

http://www.hsni.com/releasedetail.cfm?ReleaseID=1023076

Over the years she has been mentioned as a candidate for a number top jobs, including Avon.

But her landing at Weight Watchers International Inc., where lifestyle guru Oprah Winfrey is now queen, was quite a surprise. But it seems like a pretty smart move to hitch your wagon to Winfrey, without a doubt. So good for Grossman.

Meet Weight Watchers new president and CEO, Mindy Grossman

http://www.weightwatchersinternational.com/file/Index?KeyFile=2000269227

“Mindy is proven as a successful visionary and entrepreneurial force in business and I look forward to working with her,” Winfrey said in a statement. “She has the experience, the passion and the positive energy to take Weight Watchers to exciting new places.”

And threw in her two cents.

“I am thrilled to join Weight Watchers and lead the next phase of the company’s transformation,” she said.

“This is a tremendous opportunity to leverage technology and consumer insights to create innovative personal experiences, build loyal communities and accelerate growth. Ultimately, the ability to inspire people to live healthier and happier lives is what excites me both personally and professionally. I look forward to partnering with the Board – including Oprah – and the team to help Weight Watchers transform the lives of people around the world through weight loss and healthier living.”

There have been a zillion stories crediting Grossman with taking HSN to the next level, by bringing in name brands and vendors who gave the network a cachet.

On the other hand, her strategy alienated many long-time HSN fans. and home shopping channels have seen their revenue drop in the face of a tough retail environment.

Here’s part of the HSN press release on Grossman’s exit:

Grossman’s resignation will be effective on May 24, 2017, and she will not stand for election to the Board of Directors at the Annual Meeting of Shareholders on the same date. In the interim, she will work with senior management and the Board to ensure a smooth transition. The Board has retained a national search firm to assist with the search for a successor that will include both internal and external candidates.

In addition, the Board has established the Office of the Chief Executive whose members will manage the company’s day-to-day operations and engage with the Board on a regular basis until a successor is named. The Office of the Chief Executive will consist of Rod R. Little, Chief Financial Officer; William C. Brand, Chief Marketing Officer of HSNi and President of HSN; and Judy A. Schmeling, Chief Operating Officer of HSNi and President of Cornerstone Brands, Inc.

Chairman of the Board Arthur C. Martinez said, “On behalf of the Board, we thank Mindy for her visionary leadership and many contributions to our company during a transformative period in its history. She has been a committed partner to the Board in the development of important initiatives that have created a solid foundation for the future. We will miss her energy, creativity and passion for our company, and wish her success in her future endeavors.”

“I’m extremely proud of what we’ve accomplished at HSNi and believe that the company is well positioned for the future. It has been an honor to work with such an inspired team over the past decade as we transformed the business to lead the future of boundaryless retail. With a focus on customer engagement, digital innovation, product excellence and immersive and community-oriented content, HSNi will be able to thrive in the modern retail environment, where consumers are looking for experiences and meaning,” Grossman said.

“I want to thank our Board and our talented management team for their partnership and support, and look forward to working with them to ensure a seamless transition.”

MacKenzie-Childs To ‘Take Over’ Evine

April 25, 2017

OK, we’ve never heard of it, but MacKenzie-Childs is bringing a handcrafted home collection to Evine.

The press release on Monday said that “the classically quirky home décor brand” will bring “MacKenzie-Childs Home TV” will be on Evine with mucho air time on May 3 and 4.

You can expect “a peek into a brand which has been creating whimsical and unique designs since 1983,” according to the press release.

“There is something special about the magic of MacKenzie-Childs,” Evine CEO Bob Rosenblatt said in a canned statement.

“The team at MacKenzie-Childs is constantly looking for ways to push the envelope and go where no one has gone before. It seems like a perfect match for them to be the first-ever brand to ‘take-over’ our network and use our video commerce platforms to immerse viewers into the MacKenzie-Childs world of whimsy.”

Founded in 1983 as a small pottery in upstate New York, the company now offers “quirky designs.”

“MacKenzie-Childs has an amazing and colorful story to tell, and Evine is the perfect canvas to share our story live with our fans,” said Rebecca Proctor, on-air guest and creative director of the company..

“From our design studio in the heart of the Finger Lakes, to our storefront in New York City, we always strive to design products that make customers feel happy and inspired. It’s the unexpected touches and unique details that I’m most excited to share with Evine’s viewers.”

“MacKenzie-Childs Home TV” will feature some of the company’s best-known collections, including the Parchment Check, Morning Glory, Flower Market and Courtly Check patterns. You can expect hand-painted tea kettles, mug sets and creamer and sugar sets.

In addition to the network take-over, the MacKenzie-Childs brand will interact with Beekman 1802 during their premiere, an Evine bath and body brand whose upstate New York farm is located near MacKenzie-Childs’ design studio.

“The two brands recently joined neighborly forces and created a co-branded product, a blooming-floral soap and lotion set, which includes a hand-painted Courtly Check container,” according to the press release. “Both brands will appear in each other’s on-air segments and continue to interact with each other throughout the rest of the year.”