Posts Tagged ‘Annette Repasch’

ShopHQ Paying Out $5 Million In Severance To Execs

September 10, 2014

The house cleaning that ShopHQ’s new management did was rather pricey for the No. 3 home shopping network, to the tune of about $5 million.

The company had previously reported that ShopHQ CEO Keith Stewart was getting
a $2.5 million severance package for his exit.

https://homeshoppingista.wordpress.com/2014/06/26/ex-shophq-ceo-keith-stewart-gets-2-5-million-severance-package/

And in a filing with the Securities and Exchange Commission Tuesday, we got an update on Stewart’s final package, and also learned a bit about how much the departures of Chief Operating Officer Carol Steinberg and Chief Merchandising Officer Annette Repasch are costing the network.

http://hsprod.investis.com/site/irwizard/vvtv/ir.jsp?page=sec_item_new&ipage=9797150&DSEQ=&SEQ=&SQDESC=

“In conjunction with Mr. Stewart’s resignation and separation agreement, the Company recorded charges to income totaling $2,620,000 for the second quarter ended Aug. 2, relating primarily to severance payments,” the filing said.

ShopHQ eliminated Steinberg’s position is looking for a replacement for Repasch.

As for their packages, “in conjunction with the terminations, the affected executive officers are eligible for severance amounts which are expected to be paid in February 2015. At this time, the Company estimates severance charges totaling $2,300,000 to be recorded in the third quarter of fiscal 2014,” the SEC filing said.

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Two More ShopHQ Execs Exit The Network

August 20, 2014

More heads have rolled — we mean executives have left — ShopHQ.

The No. 3 home shopping network said that Chief Operating Officer Carol Steinberg and Chief Merchandising Officer Annette Repasch were “no longer” with the channel, effective this past Monday, according to a filing Tuesday with the Securities and Exchange Commission.

http://hsprod.investis.com/site/irwizard/vvtv/ir.jsp?page=sec_item_new&ipage=9765997&DSEQ=&SEQ=&SQDESC=

Both executives are eligible to be paid a severance in accordance with ShopHQ’s change-of-control provisions, the filing said.

“The company will be commencing a search for a new Chief Merchandising Officer utilizing the services of a nationally recognized search firm, Karen Harvey Consulting,” ShopHQ said.

CEO Keith Stewart was the first to leave once a dissident shareholder group won control of the network.

ShopNBC Names HSN Beauty Veteran Teresa Harris As Director Of Beauty

August 8, 2012

Another HSN refugee has landed at ShopNBC.

The No. 3 home shopping network has appointed Teresa Harris, a beauty merchandising veteran formerly with HSN, as the company’s director of beauty.

Harris will oversee the merchandising efforts for ShopNBC’s beauty category, which includes a growing line of hair and skin care, cosmetics, fragrances, and bath and spa products. She will spearhead the acquisition and development of new beauty brands as well as strengthen and maintain relationships with existing vendors.

Harris was with HSN for 13 years. As its director of merchandising for beauty, she was responsible for managing a $100 million cosmetics and skincare business while overseeing over 360 health, fitness and wellness concepts.

While at HSN, she also led product and new business development strategies, successfully acquiring brands such as Wei East, Clean, Dr. Susan Evans, TruLift, Brazilian Peel, as well as creating the Serious Skincare Instatox line (we have that in our beauty war chest). Harris began her career with HSN as a planner.

“We are delighted to have Teresa join our team as Director of Beauty,” Annette Repasch, ShopNBC’s chief merchandising officer, said in a canned statement. “Teresa has a proven track record of success in building signature brands and a beauty pedigree that lends itself to improving and driving the category. We look forward to her contributions.”

ShopNBC CEO Keith Stewart Made $1,194,375 Last Year

May 5, 2012

Boy, did we go into the wrong profession! Home shopping is the place to be.

First, we learned that QVC Inc. raked in $29.6 million smackers in compensation last year. On Friday ShopNBC filed papers with the Securities and Exchange Commission that revealed that its CEO Keith Stewart made last year.

Stewart, 49, received chump change in comparison to George. But it’s chump change we wouldn’t mind having in our pocket: $1,194,000 in compensation, his base salary and target bonus.

However, there is a footnote in the filing on Stewart’s comp, which says, “No bonus was paid for fiscal 2011. The fiscal 2011 target amounts differ from the amounts reflected in the Summary Compensation Table provided below because the above table reflects targeted annual cash incentive, while the Summary Compensation Table reflects that no short term cash incentive was paid for the year.”

You figure it out. Bottom line, the dude made more than a million. And that goes a long way in Minnesota.

William McGrath, ShopNBC’s executive vice president and chief financial officer, made $450,000.

Annette Repasch, senior vice president and chief merchandising officer, took home $504,000.

Teresa Dery, senior vice president and general counsel, had $315,000 in comp.

And Kelly Thorp, senior vice president of human resources, made a tidy $315,000.

Fancy Luggage From ‘Amazing Race’ Host Phil Keoghan For HSN, And From Upscale Hartmann For ShopNBC frm GanG

November 5, 2011

Luggage must be the next hot category for home shopping networks.

This week we got press releases saying that both HSN and ShopNBC were launching new luggage lines, one from “world renowned adventurer” and “Amazing Race” host Phil Keoghan for HSN and high-end Hartmann for ShopNBC.

World traveler, producer and author Keoghan has joined HSN to launch his exclusive new Phil Keoghan NOW collection, debuting Nov. 11 and 12.

“HSN has a track-record of bringing innovative, high-quality products to their customers, so this is a natural partnership for me,” Keoghan said in a canned statment. “NOW stands for ‘No Opportunity Wasted’ which is my personal philosophy for living each day as it was your last. I took my first overseas trip when I was two and I have been traveling around the world ever since. After millions of miles on the road and visiting more than 100 countries, I have designed and tested a packing system that will ensure you are ready to take on your next big adventure.”

According to HSN, and why would it lie to us, each piece of the Now Collection has been designed and tested by Keoghan himself during his travels.

The luggage supposedly provides solutions to many challenges, such as ensuring that your carry-on luggage fits in overhead compartments; long-lasting, durable fabrics so your pieces withstand the rigorous travel; piece of mind that zippers won’t rip and break; the ability for 360 degree mobility to help navigate crazy airport terminals; 20 percent expanded packing room for your treasures you bought on vacation; and finally, wet/dirty storage compartments, otherwise known as the “Luggage Hamper”, for “your wet bathing suits and stinky socks.”

How appealing.

Amazing Race host Phil Keoghan is doing a luggage line for HSN

The launch of the Phil Keoghan NOW collection includes a 19-inch deluxe backpack with removable laptop case, and both 20- inch and 28-inch spinner upright roller bags.

Not to be outdone, on Nov. 3 ShopNBC will premiere Hartmann luggage, a leader in the travel goods industry for over 130 years, Nov. 3.

Debuting during ShopNBC’s Holiday Countdown Event, the one-hour show will feature Hartmann high-quality carrying bags “for the discerning traveler.”

As part of the Hartmann luggage premiere on ShopNBC, the collection will feature briefcases, totes, duffels and suitcases from their J. Hartmann Reserve Collection and the Hartmann Stratum Collection.

The J. Hartmann Reserve Belting Leather Collection yields superior quality, updated styling and enhanced features for today’s sophisticated traveler, or so the pitch in ShopNBC’s press release says.

Here’s more from that missive.

Crafted from premium North American steer hides, this hard-to-find collection features extreme durability, a beautiful patina and enhanced luster. The Hartmann Stratum Collection is crafted using extraordinarily durable nylon fabric treated to be water and stain repellent.

Trimmed with handsome top-grain leather and finished with high-gloss nickel hardware, the Stratum Collection
is as functional as it is stylish. All of Hartmann’s versatile pieces feature solid construction, ultimate mobility and organization, elegant yet durable details and dynamic shapes for adaptable travel.

“We are excited about the opportunity to showcase some of our signature products on ShopNBC,” said Dick Kunkle, vice president of Sales, Marketing and New Product Development for Hartmann.

“Hartmann takes pride in offering the finest materials and quality workmanship that makes us known the world over as a leader in the travel goods industry. ShopNBC’s commitment to quality programming coupled with their dedication to featuring higher-end products make Hartmann a great match. The winners are the viewers who will have a choice of our Stratum Ballistic Nylon Collection and our iconic J. Hartmann Reserve Belting Leather line.”

And here is ShopNBC chiming in.

“We couldn’t be more pleased with the addition of Hartmann’s 130-year premium brand legacy to our product line-up,” said ShopNBC Chief Merchandising Officer Annette Repasch. “We have a unique ability to showcase to our viewers Hartmann’s strong heritage of providing discerning travelers with high-quality, practical functionality and stylish design. We look forward to delighting viewers with must-have luggage and accessories, just in time for the busy holiday gifting and travel season.”

ShopNBC Makes Brooks Brothers’ Debut Official, Premiere Is Nov. 18

October 26, 2011

We’ve reported on this already, but Tuesday ShopNBC officially announced that Brooks Brothers is launching a clothing line on the network. The debut is Nov. 18.

The collection will premiere during ShopNBC’s All Star Event, and the one-hour show will be the brand’s first foray into TV home shopping. The Brooks Brothers collection at ShopNBC will feature women’s accessories in their well-known classic American style.

Brooks Brothers has an over 190-year legacy of crafting high-quality fashion and is known as the first ready-to-wear clothing retailer in America. Of course, it’s far too conservative for us. But here’s ShopNBC’s spin on it.

“As both makers and merchants of fine apparel and accessories, the brand’s timeless appeal has shaped American fashion
though innovation, exceptional quality and personal service,” ShopNBC said in its press release. “The classic wardrobe styles of Brooks Brothers have transcended generations from the office to weddings, to special occasions and holidays.

The Brooks Brothers’ premiere will feature leather handbags, cashmere wraps and silk scarves.

“Brooks Brothers is excited to work with ShopNBC,” Lou Amendola, chief merchandising officer at Brooks Brothers, said in a canned statement. “This is the first time we have offered our products in this format and we believe that this is a unique and modern way to reach women who are already drawn to our products or may be discovering them for the first time.”

And of course, ShopNBC had its say.

“We are thrilled to bring the Brooks Brothers legacy of classically styled, fine-quality merchandise to our viewers,” said Annette Repasch, ShopNBC’s chief merchandising officer. “The addition of Brooks Brothers to our fashion assortment provides our lady with classic wardrobe staples that fit her stylish lifestyle. We look forward to delighting the viewer this holiday season with must-have accessories that are sure to be on every wish list.”

ShopNBC To Host First 24-Hour Holiday Cooking Event Saturday, With Bob Bowersox In The House

October 13, 2011

ShopNBC is planning a big day-long Holiday Cooking Event this Saturday, which will include vendors such as with expert chefs and kitchen favorites from top brands Sur La Table and Cuisinart.

ShopNBC’s 24-hour Holiday Cooking Event will kick-off at midnight on Saturday with the world television shopping premiere of the CBTL Americano Single Serve Beverage System as one of two Today’s Top Value offers. It was inspired by the specialty beverages found at The Coffee Bean & Tea Leaf stores.

Viewers can take advantage of a second ShopNBC Today’s Top Value from premium kitchenware brand Sur La Table; an 8-quart French oven that is available in ShopNBC-exclusive colors just in time for holiday cooking, entertaining and gifting.

As part of the all-day holiday cooking event, Bob Bowersox, Tom Woodbury, Gwen Goodman, Rick Tarantino, Tom Little, Joseph Sempravivo, Jacob Maurer and Amy Shipshock will also be in the kitchen, serving up entertaining tips and holiday cheer. ShopNBC viewers will also have a chance to outfit their entire kitchen with more than 20 new items and three new brand launches, including Westinghouse small kitchen appliances, Storebound kitchen storage and Kapoosh kitchen accessories.

The event will feature ShopNBC customer favorites, including specialty kitchenware from Sur La Table and fine crystal from Waterford. ShopNBC will also celebrate the 8th anniversary of colorful Cuisinart kitchen tools.

ShopNBC Facebook fans are invited to get into the holiday spirit by entering to win a $1,000 gift card to Sur La Table or one of three CBTL Americano Single Serve Beverage Systems. The winners will be announced live on ShopNBC at 12 a.m. Saturday.

Fans can enter at http://www.Facebook.com/shopnbc.

“Entertaining this holiday season has never been easier on ShopNBC,” Annette Repasch, ShopNBC’s chief merchandising officer, said in a canned statement. “We are excited to offer viewers a full day of cooking must-haves and entertaining tips from expert chefs. Customers will be delighted to find everything needed to step confidently into the kitchen and entertain friends and family.”

Top Holiday Cooking Must-Haves:

— Cuisinart 10-Piece French Cookware Set — Beautifully designed
stainless steel triple-ply constructed pans with elegant handles
reflect the quality of the world’s best kitchens. Cuisinart’s heat
surround technology allows heat to be distributed evenly along the
bottom and side walls of the cookware.

— Sur La Table Set of Two Skillets — Available in three new colors,
this set features two of Sur La Table’s best nonstick skillets in
versatile sizes perfect for any kitchen. The hard-anodization process
makes the aluminum twice as hard as stainless steel for maximum
strength and durability.

— Cuisinart Immersion Blender — This handheld blender features a
powerful 200-watt motor to blend and chop in bowls, pots, pitchers and
more. The ergonomically designed grip offers comfortable hold and more
control while blending.

— Trinity Pressure Cooker — This low pressure cooker has a handle on
top to help remove the lid from the pot and place it upright on a
counter. Its non-stick interior helps to eliminate mess and the lid
can be opened anytime during the cooking process to keep an eye on
things.

ShopNBC Promotes Repasch To Chief Merchandising Officer, Which We Assume Is Better Than ‘Softlines’s

October 12, 2011

ShopNBC Wednesday appointed Annette Repasch, a home shopping vet of 25 years, as the company’s Chief Merchandising Officer. Repasch joined the company in May as Vice President of Softlines.

In her new role, Repasch will oversee the company’s merchandising strategy and product development for all categories, including jewelry and watches, home and consumer electronics, beauty, health and fitness, and fashion and accessories.

Repasch has more than two decades of industry experience in product development, new business development and brand building. Prior to joining ShopNBC, she served as Senior Vice President and General Merchandise Manager (GMM) of Stage Stores Inc., where she oversaw $800 million in ladies apparel sales.

Previously, Repasch spent more than seven years at QVC as Vice President and General Merchandise Manager of Apparel & Accessories where she oversaw this $1.3 billion business segment, achieving double-digit improvements in sales and profitability each year.

She has also held senior merchandising roles in both specialty and department stores, including Saks Inc., Lane Bryant and Bon-Ton.

“We are delighted about Annette becoming our CMO,” ShopNBC President Bob Ayd said in a canned statement. “She has a proven track record of success and the ideal background to make the most of this new leadership role at the company. We look forward to her continued contributions by overseeing our merchandising strategy that is focused on broadening the product mix, optimizing our merchandise margins, recruiting high-profile national brands and further developing our proprietary brands.”

Here is Repasch’s canned two cents:

“I’m excited about this new role and opportunity,” Repasch said. “In everything we do, it’s all about the customer. As a multichannel electronic retailer, we are well-positioned to connect with today’s consumer by offering them an entertaining and engaging shopping experience however they choose to interact with us. I look forward to further leveraging my experience and new insights to continue driving our business.”

We Guess She’s Not A Hard Liner: ShopNBC Hires QVC Veteran As VP Of ‘Soft Lines’

April 7, 2011

ShopNBC Wednesday named QVC veteran Annette Repasch vice president of soft lines, effective May 2. Soft lines? What the heck!

She will report directly to ShopNBC president Bob Ayd.

We don’t have a photo of her or of the other exec that ShopNBC appointed this week. Apparently the No. 3 home shopping network is not springing for head shots these days.

We had to run this photo of ShopNBC president Bob Ayd because we don't have one of Annette Repasch

In her new role, Repasch will oversee merchandising strategy and product development for the categories of Jewelry & Watches, Health &Beauty, and Fashion & Accessories.

Repasch at one point in her career did a seven-year gig at QVC. She is joining ShopNBC from Stages Stores, where she served as senior vice president and general merchandise manager (GMM), overseeing $800 million in ladies apparel sales.

Previously, she was vice president and GMM of apparel & accessories at QVC, where she oversaw a $1.3 billion apparel & accessories business, achieving double-digit improvements in sales and profitability each year.

Repasch has also held senior merchandising roles in both specialty and department stores (Saks, Lane Bryant and Bon-Ton).

Here’s the spin on her from ShopNBC:

Ms. Repasch has extensive experience in driving growth in apparel, footwear, cosmetics and accessories businesses. She is also accomplished in brand building with a strong customer focus and proven track record in developing and marketing profitable product lines.

Ms. Repasch has core competencies in product development, new business development, organizational and P&L operations management, forecasting and reporting, and merchandise production planning.

“Annette is an outstanding merchandising executive with extensive experience and a proven track record of delivering results both strategically and creatively,” Ayd said in a canned statement. “She has tremendous passion for our industry and for the customer. I’ve had the pleasure of working with her in the past, and now look forward to her contributions in driving the business and as a valued addition to our leadership team.”

And here is Repasch’s canned statement, which reminds us of “The Godfather”:

“The opportunity to return to multichannel retail and join the impressive team at ValueVision was just an offer I could not refuse, particularly given the game-changing potential of Internet and mobile shopping,” she said. “ShopNBC has executed a remarkable operational and financial turnaround the past two years. I couldn’t be more excited to join Bob, Keith and the whole team as they turn their full focus to merchandising strategies to drive long-term growth across their TV, Internet and mobile platforms.”

Does anyone really say “multichannel retail”?