Posts Tagged ‘HSN’

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.

Suzanne Somers Poses Nude for Birthday, Sues QVC

October 28, 2019

This blog is a tease, and if we could find out more we would, but here it is: Veteran home shopping vendor Suzanne Somers has filed a lawsuit against QVC.

Bloomberg Law, which requires a subscription to get the full text of its news stories, wrote about the suit about a week ago. The case is Docket No. 19-cv-4773.

https://news.bloomberglaw.com/mergers-and-antitrust/suzanne-somers-sues-qvc-alleging-dietary-supplement-scheme

Actress, author and entrepreneur Somers — who has sold products on HSN, ShopHQ and QVC — has charged QVC with fraud and antitrust violations in the Eastern District of Pennsylvania, “claiming the at-home shopping company used catch-and-kill tactics to favor another dietary supplement over hers,” according to Bloomberg Law.

It reported:

Somers, the former star of the TV sitcoms “Three’s Company” and “Step By Step,” sells supplements through her company SLC Sweet Inc., according to her complaint. Before inking a deal with QVC, she marketed the products through her own website and platforms run by other home shopping businesses, including HSN Inc. and Evine, now known as ShopHQ.

Around the time QVC was negotiating with Somers, it was also…

But that’s all we could read without paying for a sub.

This brouhaha broke about the same time as another tempest in a teapot, when Somers posed topless, her arms across her chest, on her 73rd birthday 0ct. 16. She posted the photo on Instagram, causing a furor over whether a woman her age should have been a bare-naked lady or not. Publications like The New York Post and People magazine wrote about it.

Frankly, we were far more disturbed to see her and her husband Alan Hamel in a video, where he had painted his toenails the same deep color blue that we got for our pedicure yesterday.

Sending Healing to Celebrity Stylist Michael O’Connor

September 9, 2019

Prayers for celebrity stylist and veteran home shopping vendor Michael O’Connor, who recently disclosed he has been diagnosed with prostate cancer.

We loved Michael when he was the Affinity Diamond rep on QVC, and we’ve enjoyed his stints on other nets like Jewelry Television and as the rep for Passport to Gold on HSN. He is charming and informative.

Michael said he has known for a year now that he has cancer, and at this point he has decided to take a more aggressive approach to his treatment, with surgery.

Wishing him health and happiness.

Veteran Jewelry Vendor Joan Boyce To Exit HSN

September 9, 2019

We always enjoyed watching HSN jewelry host Joan Boyce, with her huge back square eyeglass frames, New York City manner and exuberant personality. She has been on the No. 2 home shopping network for 11 years, but last week announced on Facebook that her last show will be Oct. 29.

We guess this is part of QVC’s continuing purge of vendors since it merged-with/took-over HSN.

Sad to see yet another vendor who is unique disappear.

Combined QVC-HSN Sales Slip 1%, to $1.87 Billion, in Second Quarter

August 9, 2019

This is an interesting turn of events: Qurate Retail is no longer breaking out separate financial figures, such as sales, for QVC and HSN. And the nets have a new honcho.

Qurate, parent of the two top home shopping networks, reported its second-quarter earnings Thursday. And it only broke out info for QxH, its goofy name for the umbrella company that runs and oversees the two channels. So we don’t know, at least from the 2Q press release, how QVC did versus HSN, just the combined data for QxH.

So QxH saw its revenue dip 1%, from $1.9 billion to $1.874 billion, in the second quarter compared with the year-ago quarter.

QxH reported sales declines in apparel and jewelry, which were partially offset by gains primarily in accessories and electronics, according to Qurate’s press release.

Operating income margin contracted and adjusted OIBDA margin was flat, reflecting gross margin pressure mainly from higher fulfillment (freight and warehouse) expense, which was partially offset by higher product margins, if you can make any sense of that.

QxH also incurred higher bad debt and marketing expense, according to its parent. These factors were offset by lower TV distribution commissions and customer service expense.

Lower TV distribution commissions were due in part to the accounting treatment for certain renewed HSN carriage agreements, as well as renegotiated rates at HSN and growth in off-air sales. Operating income included higher amortization expense related to HSN carriage agreements.

Beginning in the third quarter last year, HSN began renewing TV carriage agreements with several distributors — meaning cable and satellite companies — which provided multiyear upfront payments that are amortized over the life of the agreements, versus its previous convention of expensing quarterly payments as incurred. 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.

That’s too much accounting mumbo-jumbo for us, but maybe you can make sense of it.

And here’s the exciting statement from Qurate President and CEO Mike George.

“We made good strategic and operational progress, evidenced by the sequential improvement in revenue and adjusted OIBDA margin at QxH and the double-digit, year-over-year adjusted OIBDA growth at QVC International in constant currency,” George said.

“These gains were partially offset by deterioration at Zulily. We are encouraged by the resiliency of our businesses and our ability to generate high levels of adjusted OIBDA and free cash flow in a dynamic and highly competitive environment. We resumed share buybacks, repurchasing nearly 12 million shares at an average price per share of $12.88 following our last earnings call. Going forward, we remain focused on building on the collective strengths of QVC and HSN, realizing synergies and stabilizing Zulily.”

Qurate also said that it had appointed Leslie Ferraro, a former Walt Disney Co. executive, as president, QxH, effective Sept. 16.

Healing for HSN Jewelry Maven Carol Brodie

July 31, 2019

Please send prayers, light and healing to HSN jewelry queen Carol Brodie. When it rains it pours, as the cliche goes.

First Carol was hospitalized, and nearly died, after eating “Better Than Pasta Spaghetti,” which contained a potentially lethal substance called konjac jelly or konnyaku. It’s been banned in Europe.

Here’s a good tip: Don’t eat it!

Then Carol’s beloved dog Buckwheat passed away this week. After losing a sphynx cat two years ago, we send our deepest condolences to Carol.

No question that losing a pet is like losing a human family member, and is worse in some ways. Pets offer unconditional love. We are in no way ambivalent about our feelings for them. It is devastating when they cross the rainbow bridge.

So get well Carol, and so sorry for your loss.

A Cheeky Lynn Murphy on HSN, And Michael O’Connor

July 31, 2019

Thank God we don’t work as a host on a home shopping network, so we can walk around with wrinkles on our face and some sagging. That’s apparently not the case in the electronic retailing world, at least for female hosts.

Let us preface this by saying that we have seen ourselves on the small screen, and it amplifies every facial flaw in a horrifying manner. That said, we got a gander at HSN host Lynn Murphy this week on a Chaco Canyon show after not seeing her awhile on air.

She is a blonde beauty, but she didn’t look right to us. Either she had the worse makeup done in history that night, or she had some kind of filler put in her cheeks. It gave a very unnatural appearance.

But it was not as dramatic as the work that HSN host Connie Craig-Carroll had done. We know she is gone from the home shopping network now, but we think she was gorgeous natural, without a visit to any doctor’s office.

On another note, the Chaco Canyon show had one of the most beautiful turquoise necklaces we had ever seen. It was very, very long — to the waist — with many large turquoise stones. We knew it would cost a lot, but checked out the price. It was $3,000, and apparently sold out!

And on yet another note, former QVC Affinity Diamond rep and ex-Jewelry TV vendor Michael O’Connor has turned up on HSN, doing its Passage to Gold shows.

He’s a real pro and we enjoy seeing him.

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.

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.