Posts Tagged ‘HSN’

QVC, HSN Parent To Report 2Q Earnings Aug. 7

July 14, 2019

The owner of QVC and HSN, Qurate Retail Inc., will post its second-quarter earnings Aug. 7, the company said last week.

Qurate President and CEO Mike George and Executive Chairman Greg Maffei will host a conference call to discuss results Aug. 8 at 8:30 a.m.

Following prepared remarks, the company will host a brief Q&A session during which management will accept questions regarding Qurate Retail.

The second-quarter press release and conference call may discuss Qurate Retail’s financial performance and outlook, as well as other forward looking matters.

Interested in listening in?

Call ReadyTalk at (800) 347-6311 or (323) 794-2094, passcode 3591272, at least 10 minutes prior to the call. Callers will need to be on a touch-tone telephone to ask questions. The conference administrator will provide instructions on how to use the polling feature.

In addition, the second quarter-earnings conference call will be broadcast live via the internet. All interested participants should visit the Qurate Retail website at http://www.qurateretail.com/events to register for the webcast.

Links to the press release and replays of the call will also be available on the Qurate Retail website. The conference call will be archived on the website for one year after appropriate filings have been made with the Securities and Exchange Commission.

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HSN’s Beekman Boys Face Backlash On Donation to LGBTQ Group

June 17, 2019

Seriously? The Beekman Boys at the center of a controversy?

The former Evine vendors, who are now on HSN selling their soaps and other products made from goat milk, posted a story on Facebook that said they were getting backlash after contributing to a gay charity campaign.

https://wnyt.com/news/beekman-boys-receive-backlash-over-charity-campaign/5391282/

“It’s 2019, and this really shouldn’t be how we make the news,” they said on Facebook.

The Beekman 1802 partners, in business and life, are Josh Kilmer-Purcell and Brent Ridge. The pair recently said they would be donating some of their product sale proceeds to PFLAG, a national organization, to help support the families of the LGBTQ community, according to the story.

In one FB post the boys said they were donating all the proceeds of the sale of a cute rainbow goat pin to LGBTQ-focused charities.

If you like these guys, who run a goat farm in Upstate New York, and buy their products don’t be a hypocrite by blasting them for supporting their community.

In fact, don’t be a chuckle-head full of bias and hate. Period.

Connie Craig-Carroll, Two Other Hosts Exit HSN

June 15, 2019

Today was apparently bloody Friday for HSN hosts, with three of them apparently getting pink slips under the network’s new ownership.

Connie Craig-Carroll, who has been a host for nearly 22 years, Robin Wall and Brett Chukerman are all exiting. They each posted the news individually on their Facebook pages.

It’s a pretty big shakeup, but perhaps not unexpected now that HSN is under the ownership of Qurate Retail, parent of QVC. We sympathize, especially with Craig-Carroll. When a company is looking to slash costs, it usually gives veteran employees who are on the top of the pay scale the can. It happened to us twice.

Craig-Carroll left a long goodbye. She pointed out that she had gotten married, had a baby and became a single mom during her tenure at the network, where she has worked since she was 27.

She said she is moving on to her next adventure and will be leaving HSN next month. Craig-Carroll asked people to post their favorite moments or products, and a bevy of HSN vendors lamented her exit.

Chukerman, who has been on HSN for eight years, said he will be departing the network next month as well.

Wall said she had met her husband at HSN nearly 25 years ago, but she has only been a host at the network for 10 years. Her last show is Saturday, June 15, from 4 a.m. to 7 a.m.

“God has always guided my path so I look forward to where it leads next,” she wrote.

Amen to that.

Vanessa Williams Joins HSN From Evine

June 15, 2019

Singer/actress Vanessa Williams is playing the long-running home shopping game of musical chairs.

Williams, who has had an apparel line on Evine for a number of years, is moving over to HSN.

According to the No. 2 shopping channel’s website, Williams will debut July 11.

https://www.hsn.com/shop/vanessa-williams/19584?query=Vanessa%20Williams&isSuggested=false

QVC Pulls Plug on Studio Tours, On-Site Shop and More Bonehead Moves

June 11, 2019

There’s so much change going on at QVC, HSN and Evine that it’s hard to keep up.

First of all, QVC is closing its Studio Store at its HQ in West Chester, Pennsylvania, and will no longer be offering tours of its studios there. We were at the HQ once, and at the store, a few years back when the home shopping network held a special event where customers got to meet many of its jewelry vendors.

From what we saw, the tours will end in August. There were several different types of tours, with an “All Access” version costing $100 a ticket.

Here’s what QVC.com has to say about its less pricey $10 “Backstage Pass” tour:

Since opening in the fall of 1997, QVC Studio Park in West Chester, PA, has become a popular destination for thousands of visitors interested in seeing live television at its best.

At this state-of-the-art broadcasting facility, guests will see and experience how QVC products are sourced, tested, brought to life on air, and delivered to millions of QVC customers. There are views into QVC’s more than 58,000 square feet of studio space where guests may be able to watch QVC programs in progress and may even catch a glimpse of a favorite host or guest!

It seems like the tours were great PR and branding for QVC, fostering even more customer loyalty. Said to see them go.

And this all isn’t just happening QVC. Qurate Retail, parent of both QVC and HSN, has apparently also decided not to renew the lease on HSN’s outlet store in Tampa, Florida. A customer posted on Facebook that she had just been to the Tampa shop and it had signs posted all over that it was closing.

We assume this is all part of corporate belt-tightening. But we find it hard to believe that these brick-and-mortar stores would have been that expensive to operate.

In another obvious cost-cutting measure, HSN will be airing taped rather than live broadcasts overnight. Since we often stay up until ridiculous hours when we should be in bed, we’ll miss those live shows where hosts sometimes got a little wacky. But we wouldn’t want to work those crappy overnight hours, so we guess the move is good for HSN employees.

On the Evine front, the No. 3 home shopping network is no longer a Today’s Top Value. It used to counter program, introducing its TTV at 10 p.m. while QVC and HSN would debut their’s at midnight.

Not sure if how this will work out for Evine. We haven’t had a chance to watch and see how it’s replaced its Top Value, but to us the old concept was a good way to drive shoppers to your channel at a set time every night. But what do we know?

Combined QVC-HSN 1Q Sales Drop 4%, to $1.9 Billion

May 9, 2019

QVC’s and HSN’s combined revenue slid 4% in the first quarter versus last year, to $1.9 billion, in a performance that even Mike George couldn’t put a good spin on.

The two domestic home shopping networks, merged in a unit named QxH by their parent Qurate Retail Inc., for the first time reported their sales as one entity.

“Our first quarter performance was disappointing amidst a changing retail and media landscape,” George, president and CEO of Qurate Retail, said in a canned statement.

“Our recent results have been more variable as we navigate the evolution of our business model and the integration of HSN, fine-tune our investments, and strike the right balance between sensible revenue growth, margin expansion, new customer acquisition and our strategic initiatives,” he said.

“We are taking a disciplined approach, investing in initiatives to drive high-quality customer growth and engagement, broaden and deliver our assortments, particularly across new digital platforms, and optimize our fulfillment network. Our customer fundamentals remain strong, including customer count, retention and purchase frequency. We are confident we are taking the right actions to deliver attractive operating margins and free cash flow for the long-term.”

So what happened?

QxH experienced sales declines in home, jewelry and beauty, which were partially offset by gains in electronics with modest growth in fashion (apparel and accessories), according to the first-quarter press release.

QxH enjoyed strong sales growth in off-air products; however, these gains were not sufficient to offset lower sales of on-air items.

“Operating income and adjusted OIBDA margin) contraction was primarily due to higher inventory management costs, fulfillment and marketing expenses, which were partially offset by lower TV distribution commissions and higher product margins,” the press release said. “Lower TV distribution commissions at QxH are in part due to the accounting treatment for certain renewed HSN carriage agreements (described below). Operating income also included higher amortization expense related to the amortization of HSN carriage agreements.”

Starting in the third quarter last year, HSN began renewing TV carriage agreements with several distribution partners, which provided multiyear upfront payments that are amortized over the life of the agreements, versus its previous convention of expensing quarterly payments as incurred, according to the press release.

This accounting change has a positive impact on QxH’s adjusted OIBDA with a corresponding increase in QxH’s amortization expense, which is neutral to operating income each period and cash neutral over the life of the agreements.
Roger that, if you have an accounting degree.

If you want to hear the juicy details, Qurate Retai President and CEO Mike George and Executive Chairman Greg Maffei, will discuss the earnings on a conference call which will begin at 8:30 a.m. (E.D.T.) on this Friday, May 10. The call can be accessed by dialing (800) 458-4121 or (323) 794-2093, passcode 3078914, at least 10 minutes prior to the start time. The call will also be broadcast live across the Internet and archived on our website.

To access the webcast go to http://ir.qurateretail.com/events-and-presentations. Links to this press release and replays of the call will also be available on Qurate Retail’s website.

Former HSN Host Chris Scanlon Charged With Felony

May 7, 2019

Here’s some pretty shocking and sad news about former HSN host Chris Scanlon.

One of our readers tipped us off to this report that Scanlon had been arrested in Florida.

https://www.wtxl.com/news/local-news/former-hsn-host-chris-scanlon-arrested-in-leon-county

The story said Scanlon, now 59, was arrested and was being held in a detention center on multiple felony warrants.

WTXL reported that she was accused of “being a fugitive from justice for multiple felony counts related to theft, forgery and tax evasion.”

Scanlon faces two charges of felony theft, two charges of felony forgery and a felony tax evasion charge out of Routt County, Colorado. She was arrested at her Tallahassee apartment last week, according to WTXL.

When the story appear, Scanlon was being held in jail on a $10,000 bond while awaiting extradition.

Scanlon left HSN in fall 2011 to move to Colorado, where her husband was a ski instructor. We don’t know what happened since then, but this is unfortunate.

Ex-HSN Vendor Nicky Butler Debuts on Evine April 22

April 14, 2019

Best news this week: Jewelry designer Nicky Butler is coming to Evine.

Butler, a Brit who used to sell high-end jewelry in a London shop to the likes of Princess Diana,was one of our favs for years on HSN. His sterling silver jewelry, with gemstones from India and an artisan look, were gorgeous.

Over the years we bought many of his pieces, especially his crosses, since we collect them.

When Butler said he would no longer be on HSN earlier this year we and his other fans were dismayed.

But Butler recently posted on Facebook that he has a new home, Evine, with a link to the channel’s website.

https://www.evine.com/l/nicky-butler?icid=InternalSearch_Default_Nicky%20Butler&search_text=Nicky%20Butler

“Tune in April 22 for the premiere of my jewelry collection,” the site says, featuring a photo of Butler standing next to a British phone booth. “More announcements coming soon.”

There is also a sweepstakes to win one of his creations.

Butler joins a whole bunch of HSN jewelry vendors who have landed at Evine.

Congrats Mr. Nicky!

Is Iman The Next HSN Exit?

March 8, 2019

Is entrepreneur/super model Iman on her way out, or already gone, from HSN?

All of Iman’s Global Chic merchandise is on clearance on the No. 2 home shopping channel, which has undergone dramatic changes since QVC’s parent, Qurate Retail, acquired it.

The new regime has shuttered “Miracle Mop” and “Huggable Hanger” queen Joy Mangano’s company, Ingenious Designs, and showed Mangano the door. And Iman’s clothing and accessory line was part of Mangano’s Long Island-based company.

Has anyone heard anything?

QVC Posts 3 Percent 2018 Sales Growth, HSN Down 6 Percent

February 28, 2019

QVC was up last year, and HSN was down.

That was the news Wednesday when the parent of the two home shopping networks, once rivals but now under the same ownership, reported fourth-quarter earnings.

Domestic QVC’s revenue rose 3 percent in both Q4, to $2.087 billion, and all of 2018, to $6.349 billion, according to Qurate Retail.

In comparison, No. 2 home shopping channel HSN’s revenue dropped 1 percent in Q4, to $707 million, and declined 6 percent last year, to $2.202 billion.

“In 2018, we made meaningful progress shaping the future of Qurate Retail, highlighted by the strongest new customer growth at QVC US in its 33-year history and continued gains in digital and mobile engagement,” Mike George, Qurate’s president and CEO, said in a statement.

“Results for the year were led by top-line growth at QVC US and International, excellent performance from zulily, and significantly improved second-half results at HSN as we execute on its turnaround,” George said. “Margin improvement is a top priority in 2019, as we step up the realization of integration synergies and seek to execute on initiatives to improve product margin and optimize our marketing investments.”

In the fourth quarter, QVC saw sales gains primarily in electronics, apparel and accessories, which were partially offset by declines mainly in home.

For the full year, QVC posted revenue increases mainly in accessories and apparel, which were partially offset by declines principally in jewelry.

In Q4, HSN suffered sales declines in electronics and jewelry, which were partially offset by gains primarily in accessories, beauty and apparel.

For the full year, HSN realized declines in all categories. Not good.

Here’s another inside tidbit: HSN is operating under several renewed carriage agreements with certain distribution partners beginning in the third quarter of 2018 which provide for capitalized upfront payments that are amortized over the life of the agreements, versus HSN’s previous convention of expensing the payment associated with the contract terms each quarter.