Posts Tagged ‘Jim SKelton’

Ex-ShopNBC Host Charla Rines Exits ‘World Of Watches’

June 29, 2013
Charla Rines

Charla Rines

It looks like ex-ShopNBC host Charla Rines has now left a gig she had on DirecTV.

We knew that Rines was doing a show called “World of Watches,” but hadn’t know she was hosting it with another ShopNBC refugee, timepiece geek Jim Skelton.

Skelton posted this on Facebook a few days ago.

“Remember when you’re watching our show tonight (6pm EST, DirecTV Ch 227 or on our player at worldofwatches.tv) to chat with us LIVE via Twitter (@WOWTVCHAT) to say your goodbyes to Charla Rines!!! It’s her final show, and I hope you show her some love tonight…,” he wrote.

We don’t know where she is heading.

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Giving Wall Street A Chance To Cool Off? Is Jim Skelton’s Absence Hurting Its Watch Sales? ShopNBC ‘Previews’ Disappointing Third-Quarter Results

November 3, 2011

What the hell?

We haven’t seen this before. ValueVision Media Inc., i.e. ShopNBC, Wednesday “previewed anticipated results of operations for its third quarter ended Oct. 29.”

Looks like it was a bad quarter in Minnesota.

The home shopping network “anticipates” net sales of $135 million, a gain of 2 percent over the prior-year quarter’s $132.3 million.

Third-quarter net sales reflect lower than expected sales in consumer electronics and watches, which offset sales gains in the jewelry, home, health and beauty, and fashion and accessories merchandise categories. Gross profit rose about 6 percent in the third quarter versus last year, reflecting continued improvements achieved in overall gross margin.

We bet Steve Burke, head of ShopMNBC shareholder NBC Universal, will love reading the next statement.

“The Q3 expected revenue growth and its impact on adjusted EBITDA is clearly disappointing,” ShopNBC CEO Keith Stewart said in a canned statement. “Although we achieved solid sales gains across four of six business segments, these gains were largely offset by an unexpected sales decrease of approximately 23 percent in consumer electronics and lower than anticipated sales in watches.”

Is that because ShopNBC shit-canned its watch guru, Jim Skelton?

“Our goal is to build a strong multi-channel electronic retailer that provides sustainable and predictable performance while giving priority to the customer experience,” Keith said. “Over the past two years we have been rebalancing our product assortment and broadening the mix, but unfortunately sales setbacks and quarterly volatility will occur.”

They may occur, but Wall Street doesn’t like them.

“Looking forward, we are focused on nurturing, expanding and diversifying each category segment with exciting new products, programming concepts and cross-platform interactivity that will attract and delight the customer,” Keith said, quite a mouthful. “This focused effort is across all our product categories, with particular emphasis on consumer electronics, where we still have more work to do in broadening our vendor base and product mix.”

But wait, there’s much more from Stewart.

“Our Q3 revenue was also affected by an approximate 12 percent sales decline in our watches category,” he said. “We are disappointed with these results and recognize there is more progress to be made in diversifying the watch vendor base and product assortment. However, we are encouraged by the addition of a dozen new watch brands to this business segment over the past year. Lastly, we expect our four remaining product categories delivered healthy sales gains and good margins during Q3, based on solid product assortments that provide a good base for future growth.”

And more…

“Despite the specific challenges we are actively addressing, we are encouraged by our overall progress across the business and the healthy gross margins we are achieving,” he said. “We have come a long way, with work still to be done. We remain confident in and committed to our business platform and talented team, the execution of our growth strategies and the long-term potential of the business.”

William McGrath, ShopNBC’s chief financial officer, also had his say.

“Our anticipated Q3 adjusted EBITDA results will reflect lower than expected revenue growth as well as higher distribution costs associated with approximately 2 million households added in the quarter,” McGrath’s canned statement said. “Additionally, we improved our channel positioning in existing households in approximately 2.5 million homes. These incremental investments, which we anticipate amounted to approximately $0.8M in Q3 ‘11, are expected to deliver sales benefits to the company over the long term.”

And yet more from McGrath, following in his boss’s footsteps.

“Cash and cash equivalents including restricted cash at end of Q3 totaled $32.7 million versus $42.5 million at the end of Q2 2011, reflecting planned investments in inventories, working capital and capital expenditures in advance of the peak fourth-quarter selling season,” he said.

ShopNBC expects negative adjusted EBITDA in the range of ($0.5 million) to ($0.7 million), compared to adjusted EBITDA of $0.6 million in the year-ago period.

For the trailing 12 months, ShopNBC expects net sales growth of about 9 percent to $590 million and adjusted EBITDA of $11.6 million to $11.8 million, an increase of $18.6 million to $18.8 million.

The No. 3 home shopping network will actually report third quarter results Nov. 16 and will hold a conference call and webcast at 11 a.m.

ShopNBC Vets Charla Rines And Jim Skelton Land On Dish Network, DirecTV With Watch Show

September 21, 2011

Sassy former ShopNBC host Charla Rines, who was unceremoniously dumped by the home shopping network, is now working with another refugee from the Minnesota, Jim Skelton.

Rines, who is now in Florida, advised fans of her new gig on Facebook. She’s doing a show, “World of Watches,” with Skelton that airs on Dish Network, Charlie Ergen’s fiefdom, and DirecTV.

Watch Charla on World of Watches

Here is her post:

hi folks, again & again i ask forgiveness for not being on facebook regularly. i’m having a ball on worldofwatches.tv. lior is amazing. now on air with skelton. kick me! he’s funny & knows his stuff too! love miami. it’s cooled down a bit (thank goodness). met some incredible people here. my daughter is working & going to school. love that kid. mr. cheeks is enjoying having madison’s two cats @ the house (kidding). what else to say? join us on direct & dish sat/sun 6-9pm. the deals are fab!

Much luck Charla.

ShopNBC, Sans Host Jim Skelton, Floats Stock Offering

March 30, 2011

ValueVision Media, better known as ShoopNBC, said Tuesday that it intends to offer shares of its common stock in an underwritten public offering pursuant to an effective shelf registration statement.

Net proceeds from the offering are expected to be used to redeem the outstanding Series B Preferred Stock held by GE Capital Equity Investments, and, to the extent there are net proceeds remaining, for working capital and general corporate purposes, which may include capital expenditures.

Piper Jaffray & Co. is acting as sole book-running manager, and Dougherty & Co. and Feltl and Co. are acting as co-managers in the offering.

The offering is being conducted pursuant to an effective shelf registration statement on file with the Securities and Exchange Commission.

ShopNBC’s Watch Geek Host Jim Skelton Is Gone, Did JTV Shed Married Hosts The Rookes?

March 29, 2011

One of our Facebook friends, Lisa, tipped us off today that ShopNBC watch geek Jim Skelton is no longer a part of that happy home shopping family in Minnesota.

We e-mailed ShopNBC marketing maven Anthony Giombetti to confirm this tidbit, and never got a response. So we checked and saw that Skelton’s photo was no longer posted on the No. 3 home shopping network’s host page on its website.

Then a quick glance at Skelton’s Facebook page confirmed the news.

“I have been the ‘Watch-Specific’ On-Air Host at ShopNBC since October of 2004 (wow how time flies),” he wrote on Facebook. “I have now left ShopNBC, March 2011.”

Here is something he must have posted in happier days.

“I am blessed in the fact that I am in a rare position where I can do what I truly love for a living,” he wrote. “I eat, sleep and breathe watches from morning to night and beyond. If I’m not on the air demonstrating watches, I am reasearching them, designing them, or photographing them.”

And for his Facebook photo, Skelton has posted an “off the air” on-screen billboard that TV stations usually put up when, no surprise, they are off the air.

And even though ShopNBC didn’t get back to us, they had posted this on their Facebook page: “We wanted to inform you that Jim Skelton is no longer with ShopNBC. We wish him success in his future endeavors.”

Anthony, you couldn’t have picked up the phone and told us that? The ShopNBC notice had sparked 60 comments when we looked, and most people were not happy.

We don’t know if this signals a change in ShopNBC’s strategy, because they have made a point of becoming the home shopping destination for higher-end watches, especially for men.

Our Facebook friend also said that Jewelry TV hosts Katie and Craig Rooke are gone, but we didn’t have time to check that out with the network’s honchos. But the Rookes are still listed on JTV’s website.