Posts Tagged ‘HSN’

Ex-HSN Host Connie Craig-Carroll Teams Up With Larry King

July 12, 2020

It looks like former HSN host Connie Craig-Carroll has landed a new gig.

Our good friend Ann said she has seen Connie doing infomercials with veteran CNN talk show host Larry King. They are hawking Omega XL, a natural supplement that’s marketed as a pain reliever.

We have not seen these yet, so can’t offer too much more info.

Designer of HSN’s Roberto By RFM Jewelry Line Dies of Cancer At Age 48

June 5, 2020

With all the horrors going on right now, we have to report some more sad and bad news from the home shopping world. HSN jewelry vendor Roberto Faraone Mennella died Thursday at age 48 of cancer.

The name may not be immediately familiar to you, but Mennella was the partner of Amedeo Scognamiglio. Amedeo was perhaps best known on HSN for the gorgeous, and very reasonably priced cameo jewelry, he brought to the home shopping channel. His family had been involved in cameo making.

But Amedeo and Roberto, both Italians, also appeared on HSN selling a line of very beautifully designed, fluid sterling silver jewelry on the channel. That line was called Roberto by RFM.

Roberto was incredibly handsome, charming and obviously talented. Amedeo is very outgoing, gregarious and funny.

According to an obituary in WWD, the two men were former boyfriends and current business partners. We never knew this, but apparently they were featured in the show “Sex And The City” when stylist Patricia Field learned about them.

Jewelry Designer Roberto Faraone Mennella Dies at 48

The WWD obit also mentioned that the two designers sold their pieces on HSN in the United States and QVC Internationally.

So sorry to hear this news.

QVC, HSN See 4% Drop In First-Quarter Revenue

May 7, 2020

Qurate Retail Inc., the parent of QVC and HSN, reported Wednesday that revenue for the two home shopping networks dipped 4% in the first quarter, sliding to $1.79 billion, versus the same year-ago period.

“We remain open for business thanks to the dedication and resilience of our 25,000 team members, and we are seeing encouraging increases in sales and new customers at the start of the second quarter,” Mike George, Qurate president and CEO, said in a canned statement.

“We experienced significant margin impact from COVID-19 in the first quarter and challenges remain, including a demand shift to lower-margin products and reduced productivity in our fulfillment centers,” he said. “We continue to assess what this new normal will be. At the same time, we have moved quickly to lean into favorable early second quarter trends, and we will continue to utilize our agile business model to adjust our consumer offerings.”

QxH, the unit that includes QVC and HSN, reported revenue declines in all categories in the first quarter. In mid-March, when COVID-19 awareness escalated in the U.S., QxH experienced accelerated declines in sales combined with a shift from higher-margin fashion products to lower-margin home products, Qurate said.

In late March, QxH began to see positive sales and new customer growth as it adjusted its merchandising, programming and marketing to meet customers’ changing needs.

Product margins were essentially flat in the quarter, reflecting gains through February, mostly offset by reductions in March due to COVID-19 related product mix shifts, according to Qurate.

Gross margins decreased primarily due to higher fulfillment (warehouse and freight) expenses driven by the network optimization initiatives, general freight rate increases and incremental costs related to COVID-19.

Here’s information that Qurate provided for its investors:

https://ir.qurateretail.com/static-files/ffe056b9-1ef7-4e37-a3e7-44a7a1e770a4

Qurate also detailed its responses to the coronavirus pandemic.

They were:

• Focused on the safety and financial well-being of team members. Qurate Retail shifted all team members who could work from home to do so temporarily; team members unable to work remote could choose to stay home with partial pay options; increased safety and sanitation protocols at fulfillment centers and live studios; established an Emergency Assistance Fund for one-time grants to team members most impacted by the pandemic; and offered alternative work arrangements where possible when team members must manage unexpected pressures.

• Closed retail stores to the public in March while broadcast studios and fulfillment centers remain open.

• Rapidly adjusted product offerings, merchandising, marketing, and on-air and online programming. Meaningfully improved sales and new customer growth trends across business segments beginning late March in response to changes.

• Incurred additional costs impacting margins, including appreciation and emergency pay for onsite team members (recently extended through May 31); relaxation of productivity requirements in fulfillment centers primarily driven by enforcing social distancing; enhanced sanitation protocols; and increased reserves for potentially higher bad debt rates and customer returns.

• Reduced planned spending, including an anticipated $30 million to $50 million reduction in capital spend in 2020; reduced discretionary expenses and hiring where possible.

• Supported several COVID-19 relief programs, including donating airtime for public service announcements; creating a Small Business Spotlight program across TV, streaming and digital commerce channels to benefit vendors and small retailers; supporting global PPE-making efforts of a community of more than one million artisans; donating to relief programs globally, including Meals on Wheels and No Kid Hungry in the US, the Red Cross in Germany, and the National Emergency Trust in the UK; and creating customer- and team-member matching opportunities.

Jambu, Kimberly Wells Coming To HSN In April

March 8, 2020

We liked and were buying Jambu shoes and boots long before they arrived on ShopHQ. We like their chunky look.

So we are happy to see that not only Jambu but former ShopHQ host Kimberly Wells are jumping from that home shopping network and coming to HSN, starting April 9.

Looks like Wells, who left ShopHQ a way back, will be the on-air rep for the footwear line.

Hope there are some good deals.

HSN Jewelry Maven Carol Brodie Sues Over Toxic Diet Noodles

February 27, 2020

Gorgeous HSN jewelry vendor Carol Brodie, who was just on the home shopping network tonight, has filed a lawsuit over diet noodles that sent her to the hospital.

We were looking through our Facebook feed today when we saw a post from WNBC-TV here in New York, and it reminded us of the posts Brodie had done about her horrible experience eating “Better Than Pasta.” It is made of konjac flour.

As it turned out, the TV segment was on Brodie’s lawsuit and she was interviewed on-camera, blonde and slim as ever. She is not only suing the manufacturer of the product but Amazon for selling it.

Here is the promo for the segment:

A woman who purchased Better Than Pasta noodles said the food congealed in her stomach and caused her great pain — and she’s not the only one to complain of the possible side effects by the noodles that don’t dissolve in the stomach.

https://www.nbcnewyork.com/news/potential-dangers-from-eating-diet-noodles/2302267/

Brodie and others are calling for the FDA to ban products made from konjac flour.

We sure don’t think we’ll be trying them soon, even though we need to lose a ton of weight.

QVC, HSN Suffer 3% Revenue Dive In 4Q

February 26, 2020

Fourth-quarter blues for QVC and HSN.

Combined, the two leading home shopping networks, saw their revenue drop 3% for the quarter as well as for the full year 2019, their parent Qurate Retail reported Tuesday.

In the fourth quarter last year, sales slid to $2.692 billion from $2.789 billion the same year-ago period.

In addition, the unit that includes both channels, called QxH, saw revenue declines in all categories. For the full year QxH realized declines in all categories except electronics.

“Our fourth quarter results were in line with full-year trends, notably we experienced pressure on revenue and margins from the investment in network optimization at QxH,” Mike George, president and CEO of Qurate Retail, said in a statement.

“Despite these challenges, we were encouraged with our ability to grow free cash flow in 2019 on an operating basis,” he said. “We are accelerating the execution of our strategic priorities as we work to return to profitable growth. We continue to lead the curation of special products at compelling values across multiple platforms, providing customers an important third way to shop.”

Operating income declined in the fourth quarter and full year primarily due to an increase in impairment charges at HSN, partially offset by the absence of transaction-related expenses incurred in 2018.

Operating income included non-cash impairment charges related to the fair value of HSN’s trade name of $147 million in the fourth quarter of 2019 and $30 million in the fourth quarter of 2018.

For the quarter and full year, adjusted OIBDA margin(3) contracted primarily due to cost of sales pressure, which included higher fulfillment (freight and warehouse) expenses related to the network optimization plan and general freight rate increases as well as inventory management including costs associated with the exit from Ingenious Designs.

That company, FYI, is Joy Mangano’s former business.

For the full year, these headwinds were partially offset by a favorable product mix impact, according to Qurate. Adjusted OIBDA margin benefited in the fourth quarter and full year from TV distribution commissions, which were partially offset by higher marketing expenses.

The fourth quarter also benefited from lower incentive compensation. Lower TV distribution commissions were in part associated with the accounting treatment for certain renewed HSN carriage agreements, as well as favorable renegotiated rates at HSN.

Beginning in the third quarter of 2018, HSN began renewing TV carriage agreements with its distribution partners, which provided multi-year upfront payments that are amortized over the life of the agreements, versus its previous convention of expensing quarterly payments as incurred.

HSN’s Marla Wynne Goes To Chico’s

February 23, 2020

Veteran HSN women’s apparel vendor Marla Wynne is expanding her horizons.

One of our readers kindly tipped us off that Wynne, a New Yorker in the vein of Diane Gilman, is now selling a capsule collection at Chico’s.

We actually went to Chico’s today to check it out, and there was a small selection of Wynne’s clothing featured right in front of the store. It was only a few pieces of apparel, but we like it because we can get a sense of how her clothes fit us by trying on the Chico’s stuff. Then we can order it on sale at HSN.

Some people have accused Wynne’s clothing of being matronly, but our friend Ann has some of her pieces and they are beautifully made, great details and tailoring.

Don’t know what this Chico’s deal means in terms of Wynne’s future at HSN. Maybe nothing.

QVC, HSN To Report Fourth-Quarter Results Feb. 25

January 28, 2020

Qurate Retail Inc., the parent company of QVC and HSN, will report its fourth-quarter earnings Feb. 25.

Qurate President and CEO Mike George and Executive Chairman Greg Maffei will host a conference call Feb. 26 to discuss results 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 fourth-quarter earnings conference call will be broadcast live on the internet. All interested participants should visit the Qurate Retail website at http://www.qurateretail.com/events to register for the web cast.

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 SEC.

Ex-QVC Host Kathy Levine Resurfaces to Rep Nutrisytem on HSN

January 28, 2020

We saw that former QVC queen bee host Kathy Levine just turned up on HSN as a rep for Nutrisystem.

https://www.hsn.com/products/nutrisystem-fast-5-balanced-personalized-four-week-plan/9400430#

Since her exit from QVC many years ago, and her marriage to a wealthy older man, Levine has made appearances on a number of other home shopping channels, including ShopHQ.

She also just appeared in a video session on Facebook with husband-and-wife home shopping team Judy Crowell and Paul Deasy.

As with many home shopping personalities, Levine’s face looked tucked and taunt. Maybe she was just really rested, but we think she succumbed to the TV medium’s pressure to look young with the help of a surgeon. Not that there’s anything wrong with that. We understand the pressure.

We hadn’t seen QVC host Jane Treacy in awhile, and she looked like she has had some work done on her eyes.

QVC, HSN Sales Decrease 4% In Third Quarter

November 12, 2019

The tough times keep coming for QVC and HSN, which are both owned by Qurate Retail Inc.

In the third quarter revenue for QxH, the two home shopping channels combined, dipped 4% to $1.9 billion, Qurate reported Monday.

QxH saw sales declines in jewelry, accessories and home, which were partially offset by gains in beauty and apparel, according to Qurate.

“The third quarter was challenging, with continued sales and Adjusted OIBDA pressure at QxH and Zulily,” Mike George, president and CEO of Qurate Retail, said in a statement.

“However, we were pleased to see Cornerstone’s continuing operations turn to growth and a further acceleration of growth at QVC International,” he said. “Despite the sales pressures, we generated strong growth in free cash flow. As we look ahead, we are intensely focused on improving our operating results, accelerating synergy capture and better positioning our companies for a changing retail and media world, while sustaining strong cash flow.”

QxH experienced lower TV distribution commissions and higher product margins.

Lower TV distribution commissions were in part associated with the accounting treatment for certain renewed HSN carriage agreements, as well as favorable renegotiated rates at HSN.

Beginning in the third quarter last year, HSN began renewing TV carriage agreements with certain distribution partners, which provided multi-year upfront payments that are amortized over the life of the agreements, versus its previous convention of expensing quarterly payments as incurred.