Posts Tagged ‘HSN’

Evine’s Todd English sued for alleged sexual harassment

November 15, 2017

Guess it was only a matter of time before the sexual-harassment scandals that have hit the film and TV industries, as well as Washington, made their way to the home shopping world. Hello bad-boy chef and restaurateur Todd English, an HSN alum who is now on Evine sell kitchenware.

English is known as a womanizer, with the New York Post’s Page Six gossip column over the years doing stories about him in hot tubs with naked women and such. But this is different.

The Post recently reported that English and staff members of his Plaza Hotel Food Hall in Manhattan are being sued for alleged sexual harassment. That action was filed a few weeks ago by Gabrielle Eubank, according to the tabloid.

http://nypost.com/2017/11/04/top-chef-and-kitchen-staff-accused-of-sexual-harassment/

And that’s not all, folks.

In August six present and former English employees filed their own sexual-harassment suit, charging that there was a “rape culture” at Food Hall, with male staffers making obscene comments and being “sexually suggestive with pens, cucumbers and bananas,” the Post wrote.

English’s spokesman has no comment for the Post story, which went on to list a number of famous chefs and restaurant owners who have been accused of sexual abuse and harassment by female staff members.

The headline on the story was “Harvey-style sex abuse rampant in NYC dining world: workers.”

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HSN Sales Dip 6% In Third Quarter

November 10, 2017

HSN reported its third-quarter earnings this week, and Hurricane Irma took a $13 million chunk out of the channel’s sales.

The No. 2 home shopping network registered a 6 percent decline in its sales, to $536.2 million, but part of that drop was blamed on the hurricane.

HSN closed down its Florida HQ and broadcast live from Nashville during the storm.

“In September, HSN implemented its business continuity plan as a result of the approach of Hurricane Irma,” the company said in its press release.

“HSN closed its headquarters, redeployed critical personnel and relocated its broadcast studios to temporary facilities outside of the storm’s track. These actions resulted in increased operating expenses and limited program effectiveness which we estimate impacted net sales and Adjusted EBITDA by $13 million and $5 million, respectively.”

Here are the other key grafs from the press release.

Digital sales decreased 3 percent while penetration increased 130 basis points to 46.1 percent. Sales decreased in electronics, apparel and accessories and beauty, offset by increases in fitness and home. Shipping revenues declined primarily due to the August 2016 changes in the standard shipping rates. Average price point decreased 6 percent largely due to changes in product mix. Units shipped decreased 2 percent.

Gross profit decreased 5 percent to $181.3 million. Gross profit rate increased 50 basis points to 33.8 percent primarily due to an increase in product margins, partially offset by higher outbound shipping rates and fulfillment costs.

Operating expenses increased 5 percent to $150.3 million driven by increases in employee-related costs and bad debt expense. HSN incurred approximately $1.6 million in expenses related to Hurricane Irma and approximately $0.9 million in allocated transaction costs related to the merger.

Operating income decreased $16 million, or 34 percent, to $31 million. Adjusted EBITDA decreased $15.4 million, or 27 percent, to $42.6 million. The impact of Hurricane Irma on Adjusted EBITDA is estimated to be $5 million. The supply chain optimization implementation resulted in an additional $1.3 million of costs in the third quarter of 2017 which impacted gross profit and operating expenses.

QVC Posts 3% Sales Increase In Third Quarter

November 10, 2017

Holy crow! QVC had a 3 percent revenue increase in the third quarter, to $1.4 billion, its parent company Liberty Interactive Corp. reported Thursday. This is after several quarters when sales were down.

The dominant domestic home shopping networks also posted a 14 percent rise in its operating income.

“QVC had an excellent quarter, growing constant currency revenue and adjusted OIBDA in every market,” Liberty President and CEO Greg Maffei said in a statement. “We made progress on the acquisition of HSN and expect to close in the fourth quarter.”

QVC saw year-over-year gains in the apparel, beauty, accessories and electronics categories in the third quarter.

But the home category was essentially flat and jewelry declined, according to Liberty.

The average selling price declined 4 percent in the quarter, “primarily driven by product mix within the electronics category, as several successful items sold in the quarter carry lower price points than items sold in the prior year,” Liberty said in its press release.

“We are very pleased with our strong results,” QVC President and CEO Mike George said in a statement.

“Our U.S. business returned to growth and our international segment continued its solid momentum,” he said. “Our performance demonstrates our ability to execute our strategic initiatives to improve product freshness and discovery, leverage our commerce content across platforms, increase customer engagement and attract new customers. We remain excited about the pending transaction to acquire HSNi and the formation of the new QVC Group.”

In the quarter QVC’s number of new customers increased 7 percent.

“As noted last quarter, the U.S. business experienced a systems outage late in the second quarter of 2017, which resulted in an estimated 1 percent shift in net revenue to the third quarter,” Liberty said.

HSN Sells 42,000 Copies of Mangano’s Book

November 9, 2017

It looks like the debut of huggable Joy Mangano’s first book on HSN was a humdinger!

Mangano hawked hand-signed copies of her tome, “Inventing Joy,” last Saturday on the No. 2 home shopping network.

She pre-sold more than 42,000 copies leading up to its world launch this week, according to an HSN press release.

“I am so excited to share my journey with everyone!” Mangano said in a canned statement. “‘Inventing Joy’ was years in the making, and now so many people will be able to benefit from my roller coaster of a life story. It makes the unbelievable believable because it really happened! Now it’s your turn.”

The HSN offer included a hand-signed copy of the book, plus free readers with a slipcase, an inspirational book mark with $20 off coupon, a CBS All Access one-month subscription and a two-year subscription to Good Housekeeping magazine.

To coincide with the book’s launch, Mangano partnered with CBS to bring exclusive video content to the network’s subscription streaming service, CBS All Access. The video-series features Mangano and her family.

“The book is an entertaining and binge-worthy read that will unlock the best and brightest version of you,” HSN’s press release says. “And filled with lively anecdotes, catchy principles, and high-octane inspiration, it serves as a powerful and encouraging blueprint for readers who want to live with more success, confidence, and happiness.”

HSN Handbag Alum Sharif Lands At Evine

November 9, 2017

The game of musical chairs at the home shopping networks never ceases to amaze us.

In the latest episode, handbag designer Sharif has moved over to Evine. He left HSN, where he was for years, awhile ago. His line will debut on Evine later this month.

“I’m at the point in my career where I desire to design by my own rules,” Sharif said in a canned statement.

Is that a dig at HSN, we wonder?

“Evine has welcomed me with open arms and provided me the freedom to develop a handbag collection that represents the best of what I have to offer,” he said. “Fans of mine will delight in the unique details and unexpected mixture of materials that come together to create beautiful works of art.”

According to a press release Wednesday, “Once one of the largest handbag brands in the U.S., Sharif designs are showcased in the Esse Purse Museum alongside some of the most iconic handbag designers in the world. His newest collection at Evine will be reminiscent of Sharif’s original masterpieces and incorporate iconic design elements to create unexpected looks and distinctive silhouettes.”

Launching on Evine Nov. 29 and 30, the Sharif Handbag collection will feature “images seen in museums and provide a uniquely artistic quality, yet are extremely functional for everyday use,” according to the press release.

Here is the boilerplate on Sharif:

Sharif was born and raised in Cairo and the son of a leather artisan, so it was only natural that he continued the tradition of working as a leather craftsman. In 1979 he started his eponymous handbag company, Sharif Design Ltd., and quickly developed a reputation for quality and a dedication to his customers. Sharif grew to be the largest handbag brand in the United States in the late 1980’s and he founded the American Leather Accessory Designers guild. Sharif’s designs are in the Esse Purse Museum and he has won numerous awards over the years for his creations.

“We are very excited to welcome Sharif into the Evine family and introduce our customers to his stunning collection of handbags,” Evine CEO Bob Rosenblatt said. “I’ve known Sharif for many years, and have seen first-hand the masterful way in which he designs the pieces within his collection. He is a rebel within the handbag industry and his bags are loved by fans all over the world.”

HSN’s Joy Mangano Invents A Book

November 1, 2017

HSN is crowing that it will be launching the sale of mother-of-invention Joy Mangano’s first book, hand-signed no less, this Saturday. It is being published by Simon & Schuster and is called “INVENTING JOY: Dare to Build a Brave and Creative Life.”

“My life is proof that, no matter who you are or where you’re from, you have the power to change the world,” Mangano said in a canned statement. “I know it, because I’ve lived it, and I continue to live it every day at HSN. My book is about helping others find and take that first step in creating a better life and better world — and I am so honored to be debuting it here with my HSN family.”

The company that Mangano founded — IDL, a subsidiary of HSN — holds more than 100 patents and trademarks for her inventions, the No. 2 home shopping network said in a press release Wednesday.

“Since joining HSN more than 15 years ago, she has simplified everyday challenges for millions with innovative products that make a real difference, and INVENTING JOY might be her most important invention yet,” the release goes on.

“The book is an entertaining and binge-worthy read that will unlock the best and brightest version of you. And filled with lively anecdotes, catchy principles, and high-octane inspiration, it serves as a powerful and encouraging blueprint for readers who want to live with more success, confidence, and happiness.

HSN’s book package will include a signed copy of the book plus a set of free readers with a slipcase and a coupon book mark for $19.95 with free shipping and handling.

“We are proud to be the home of Joy and help her write the next chapter in her unending story of success,” HSN President Bill Brand said. “INVENTING JOY will not only delight, inspire and encourage readers, but take them on a relatable journey, celebrating life’s trials and tribulations.”

Martha Stewart Serves Up $100 Turkey On QVC

October 31, 2017

QVC originally stood for Quality, Value and Convenience. As for “quality,” not so much these days.

We loved, and agreed with the reaction, to a recent TSV that QVC offered from domestic diva (and Nutley, N.J., native) Martha Stewart. What a bargain, just $99.95 for a 4.25-pound turkey, herb butter and two two-pound size dishes.

Are you kidding us? What are those buyers smoking over at QVC? And as some customers posted on Facebook, is Martha smoking weed with her co-host, Snoop Dog?

Here is the description of this pricey, golden bird:

Have you ever dreamed of having your Thanksgiving meal prepared by Martha Stewart? This ready-to-cook holiday feast makes your culinary dreams a reality. From the juicy, succulent turkey breast with rich herb butter for topping, to the heaping helpings of delectable side dishes, it has everything you need to make next family dinner as easy—and as unforgettably delicious—as possible. From Martha Stewart.

• Includes 4.25-lb turkey breast, 2.4-oz herb compound butter, and two 2-lb side dishes

• Mashed Potatoes: made with peeled russet potatoes, whole milk, cream cheese, real butter, and heavy cream

• Mac & Cheese: made with sharp white cheddar, gruyere, fontina, and Parmigiano cheese, butter, milk, and cayenne pepper; blended with elbow macaroni noodles; topped with melted butter, panko bread crumbs, gruyere, sharp white cheddar, and Parmigiano cheeses

• Creamy Spinach Casserole: made with chopped spinach, butter, whole milk, and sour cream; topped with panko bread crumbs, butter, and gruyere cheese

• Cherry Stuffing: made with chunks of crusty white bread crumbs, blended with butter, chicken broth, chopped onions and celery, herbs, and dried cherries.

QVC also had a recent TSV — a 1-carat five-stone diamond band 14K ring by Affinity — that ranged in price from $1,000 to $1,400.

But QVC isn’t the only home shopping net that’s been approaching the stratosphere in terms of prices. Either QVC or HSN (we didn’t see, someone mentioned it on Facebook) was hawking a $200 cake.

Over at Evine, MacKenzie-Childs is offering a large rolling moose for $500. We love the moose, and the other handcrafted wares that MacKenzie-Childs has, but the prices are out of this world. How about $122 for four kitchen utensils?

Guess we have to stick to Home Goods.

No Call For HSN Third-Quarter Results

October 20, 2017

HSN will release its third-quarter earnings Nov. 8, the network said this week.

“Due to the pending acquisition of HSNi by Liberty Interactive Corp.QVC Group, HSNi will not hold a conference call to review these results,” the press release said.

Public companies typically hold conference calls with Wall Street analysts when they announce their quarterly earnings. This is the first time we recall a company not doing one.

Official HSN Word On Anne Geddes Jewelry

October 16, 2017

We wrote about this already, but here’s the press release.

HSN Partners With World-Renowned Photographer Anne Geddes for Exclusive Launch of New Jewelry Line

Anne Geddes to Create a Line Inspired by her Iconic Images that Embodies the Innocence, Transformation and Creation of New Life and the Individual Spark within Every Child

ST. PETERSBURG, Fla., Oct. 16, 2017 (GLOBE NEWSWIRE) — Innovative entertainment and lifestyle retailer HSN is thrilled to announce the exclusive launch of Anne Geddes Protect Nurture Love with Anne Geddes making her official premiere on HSN on October 17th.

A champion of women around the world, Anne has partnered with HSN to create a jewelry collection inspired by her iconic photography and artistic designs, reflecting her deeply held belief that all children must be protected, nurtured and loved. Perfect for any woman celebrating the spirit and purity of new life and the intimacy of the mother/child bond.

“Throughout my career, I have strived to capture the beauty, purity and vulnerability of children,” said Geddes. “I have always wanted to translate my inspiration and message into wearable art, and I knew that this partnership with HSN was the perfect opportunity to do so. We’ve created a stunning collection that is both beautiful and meaningful, and I’m excited to share these pieces with those who share this appreciation of motherhood,” she added.

Every piece in the jewelry collection includes a freshwater cultured pearl with a bezel-set diamond. Pearls are the only gemstones in the world with a natural gestation period, representing innocence, transformation and the creation of new life. The bezel-set diamond in the pearl represents the individual spark within each new life. The 18-piece collection will range in price from $89.95 for a beautiful, sterling silver Genesis pendant with two pearls to $399.95 for a limited-edition, sterling silver and 14k gold floral pendant, which includes an autographed copy of Anne’s latest coffee table book entitled “Small World”.

“HSN is honored to be partnering with such an iconic artist to inspire a unique and meaningful jewelry line,” said HSN’s Chief Merchandising Officer, Carmen Bauza. “Anne is an amazing artist and advocate for children, and we are thrilled to be offering her beautiful and thoughtful designs to women everywhere.”

HSN and Anne have partnered with SHR Jewelry Group — a creative full service jewelry company with expertise in brand building, product development and licensing — to bring this unparalleled jewelry collection to life.

Anne will appear on HSN on October 17th and her collection will be available across all of HSN’s platforms, including HSN.com and the HSN mobile app.

HSN Honchos Out After QVC Acquisition

October 14, 2017

When news broke earlier this year that QVC’s parent company was buying HSN, we knew a lot of executives would be exiting once the reorganization began to merge the two home shopping networks. Well, that other shoe dropped this week.

Liberty Interactive Corp. announced a slew of appointments and promotions.

Not on the list: The honchos at HSN, who will be gone. This includes HSN President Bill Brand, who who have met and interviewed over many years. We will be sad to see him go. But is is typical for the old management team to leave following an acquisition — just like layoffs are common as departments get merged.

http://www.stockhouse.com/news/press-releases/2017/10/12/qvc-group-announces-plans-for-new-leadership-team-and-structure-to-drive-global

HSN has been without a CEO since Mindy Grossman left to head up Oprah Winfrey’s Weight Watchers. And QVC, the domestic channel, has been without a chief forever. Both networks have seen their sales drop during the past few quarters, facing a difficult retail market in America.

Now both those home shopping networks will have heads, Mike George said in Liberty’s press release.

Steve Hofmann was named president of QVC US. He is currently president of QVC International, a unit that has performed very well for Liberty Interactive.

“QVC US brings the QVC shopping experience — combining the best of retail, media and social—to customers in the US,” the press release said. “It is our largest business unit with over $6B in revenue in 2016.”

Mike Fitzharris was named HSN’s president, He is currently CEO, representative director and chairman of QVC Japan.

In addition, Doug Howe was named chief merchandising officer.

And the press release had a goodbye to Brand and his cohorts at HSN.

“I’d like to acknowledge and thank Bill Brand, Rod Little, and Judy Schmeling, who comprise the Office of the Chief Executive at HSNi, who will be stepping down post the transaction closing,” George said.

“They have steered the company well through the changes of the last several months and have been a trusted sounding board to me and our other leaders as we plan for the future. Each has made extraordinary contributions to HSNi, building the company into one of the premier lifestyle retailers. I’m grateful for all their support and look forward to working with them in the coming months to ensure a smooth transition.”

To our surprise, Liberty filed a statement with the Securities and Exchange Commission that included a transcript of George’s comments following the big announcement. We’re not sure if he was talking to Wall Street analysts or employees.

http://www.hsni.com/secfiling.cfm?filingid=950103-17-9965&CIK=1434729

Here’s what George had to say about his execs and their activity in advance of the completion of QVC’s purchase of HSN:

SO THEY’VE BEEN HAVING LOTS OF FUN AND SOME STRESS AND CHALLENGE, KIND OF WORKING THROUGH THAT EFFORT. THINKING ABOUT WHERE THERE ARE OPPORTUNITIES FOR SYNERGIES, FOR COST SAVINGS, BUT ALSO FOR REVENUE OPPORTUNITIES, GROWTH OPPORTUNITIES. SO THOSE TEAMS HAVE BEEN DEPLOYED. THEY’RE HARD AT WORK. A NUMBER OF YOU HAVE BEEN INVOLVED IN THAT EFFORT.

AND THEN AT THE SAME TIME WE’VE BEEN THINKING ABOUT ORGANIZATION DESIGN. HOW DO WE BRING THESE COMPANIES TOGETHER WITH AN ORGANIZATIONAL STRUCTURE THAT WILL MAKE SENSE, THAT WILL LET EACH OF THE BRANDS UNDER THIS NEW COMPANY ACHIEVE ITS FULL POTENTIAL.

Here is George’s shout-out to Brand, et al. What do you think of it?

NOW BEFORE I GET INTO THOUGH, ONE OF THE THINGS I DID WITH THE HSNI TEAM WAS I TALKED A LITTLE BIT ABOUT THE EXECUTIVE LEADERS AT HSN, WHO HAVE BEEN SUCH GREAT PARTNERS TO ME IN TAKING THIS FORWARD. SOME OF THEM WHOM WILL CONTINUE ON IN THE COMBINED COMPANY, AND WE’RE THRILLED ABOUT THAT, SOME OF WHOM ARE MOVING ON.

AND THAT’S THE REALITY OF THIS KIND OF ACQUISITION IS YOU GET SOME GREAT NEW PEOPLE AND YOU LOSE SOME GREAT PEOPLE. AND BILL JUST WARNED ME, HE SAID DON’T GO TALKING ABOUT EVERY PERSON ON THE EXECUTIVE TEAM, JUST KIND OF GET THE NEWS. SO I WON’T EMBARRASS EVERYONE ON THE EXECUTIVE TEAM, LIKE I DID IN THE POWER MEETING. BUT FULL DISCLOSURE, BUT I DO WANT TO JUST TAKE A MOMENT TO APPRECIATE BILL AND ROD AND JUDY.

[APPLAUSE]

THEY HAVE BEEN TREMENDOUS PARTNERS TO ME AND THE WHOLE TEAM AND THEY HAVE BEEN SO FOCUSED ON WHAT’S RIGHT FOR HSN, WHAT’S RIGHT FOR THE NEW COMPANY, WHAT’S RIGHT FOR OUR PEOPLE, AND THEY SHOW UP EVERY DAY TRYING TO MAKE A DIFFERENCE. AND YOU KNOW IT DOESN’T ALWAYS GO THAT WAY, BUT YOU SORT OF TAKE THAT FOR GRANTED HERE AT HSN BECAUSE THAT CULTURE’S DEEP EMBEDDED IN THE COMPANY.

AND SO IT’S BEEN MY GREAT PRIVILEGE AND HONOR TO GET TO KNOW THE THREE OF THEM AND ALL THE MEMBERS OF THE EXECUTIVE TEAM AND AGAIN THRILLED THAT SOME WILL BE STAYING WITH US, BUT OF COURSE ROD, JUDY, BILL, A FEW OTHERS WILL BE MOVING ON AS WE MOVE TO CLOSE. AND ARE JUST GRATEFUL FOR ALL YOU’VE DONE TO SUPPORT THIS EFFORT SO THANK YOU.

[APPLAUSE]

And don’t let the door hit you in the ass on your way out.

However, we are pretty sure that Brand and the gang have nice contracts that give them generous golden parachutes if HSN is purchased.