Posts Tagged ‘QVC’

QVC Mourns The Passing Of Kenneth Jay Lane

July 21, 2017

Our thanks to the readers who pointed out that jewelry designer Kenneth Jay Lane, whose baubles were sold on QVC, passed away this week.

The obit that The New York Times wrote had the headline “Kenneth Jay Lane, Jewelry Designer Who Made a Fortune Faking It, Dies at 85.”

We have to take issue with saying that Lane did “fake” jewelry, even though according to The Times that’s how he referred to his creations. After all, they were jewelry, just what was once called costume jewelry, but is now referred to as fashion jewelry. But we digress.

QVC mourned Lane’s passing on its Facebook page.

“We are saddened to learn of the passing of QVC’s own Kenneth Jay Lane<' the home shopping channel posted. "He will be greatly missed by all who knew him, but his legacy will live on through his designs. We are thankful to have spent more than 20 years with Kenneth as a part of our QVC family, and our thoughts & prayers are with his loved ones during this difficult time."

http://www.qvc.com/jewelry/kenneth-jay-lane/_/N-mfluZ1z141df/c.html

Anyway, he was a talent who will be missed.

HSN, QVC’s Parent To Report 2Q Earnings

July 15, 2017

HSN Inc., about to be swallowed up by QVC’s parent company, as well as that parent, Liberty Interactive Corp., will be releasing their second-quarter results early next month, both companies announced this week.

HSN will report its second-quarter earnings Aug. 3 at 8 a.m., before the market opens.

Chief Financial Officer Rod Little; Bill Brand, chief marketing officer of HSNi and president of HSN; and Judy Schmeling, chief operating officer of HSNi and president of Cornerstone Brands, “who together constitute the Office of the CEO,” will hold a conference call at 9 a.m. to review these results.

Those interested in participating in the conference call should dial 877-307-0246 or 224-357-2394 at least five minutes prior to the call. There will also be a simultaneous audio webcast available via the company’s website at http://www.hsni.com.

A replay of the conference call can be accessed until Aug. 17 by dialing 855-859-2056 or 404-537-3406, plus the pass code 54744987 and it will also be hosted on the company’s website for a limited time.

Liberty Interactive President and CEO Greg Maffei will host a conference call to discuss results for the second quarter Aug. 8, at 2:30 p.m.

Following prepared remarks, the company will host a brief Q&A session during which management will accept questions regarding both Liberty Interactive Corporation and Liberty TripAdvisor Holdings.

Maffei may discuss the financial performance and outlook of both companies, as well as the proposed acquisition of HSN.

The second-quarter earnings conference call will be broadcast live via the internet. All interested participants should visit the Liberty website at http://www.libertyinteractive.com/events to register for the webcast.

Links to the press release and replays of the call will also be available on the website, and the conference call will be archived ror one year after appropriate filings have been made with the SEC.

What Does HSN’s Sale To QVC’s Parent Mean?

July 10, 2017

We’ve been busy at work, and in addition to that we wanted time to mull over Liberty Interactive Corp.’s purchase of HSN Inc. before we blogged in more detail about it.

For some reason we couldn’t find the conference call that Liberty and HSN honchos held on the deal last week, even though it was supposed to be archived on John Malone’s fiefdom’s website. But we did finally read through the slide-show presentation that went with the call.

http://files.shareholder.com/downloads/AMDA-GY7JI/4764467488x0x948623/652F4347-6F0B-48D9-9D4B-2EE0E92881D2/QVC_HSN_Investor_Presentation.pdf

First of all, the initial press release on QVC’s parent paying $2.1 billion for HSN was unclear, in that it did not spell out that there were no plans to merge the nation’s two largest home shopping networks. The investor slide presentation did bring clarity, saying that QVC and HSN will be maintained as distinct brands, which means five channels — QVC, QVC2, BeautyiQ, HSN and HSN2.

The goal is to preserve the “unique identities, cultures and customer following” for the networks.

But at the same time, according to the presentation, the plan is to “optimize five U.S.- based networks (QVC, QVC2, BeautyiQ, HSN, HSN2) and create complementary programming.”

Okey-dokey. Sounds a little contradictory to us.

The other goals are, straight from the presentation, to:

Collaborate on best-in-class digital platforms (mobile, personalization, social, marketing) and next-gen shopping innovations

Extend HSN’s Shop by Remote platform to QVC

Strengthen brand portfolios

Extend top HSN brands to QVC International and Zulily,

Leverage Zulily as brand feeder with younger customers, utilize QVC global development
capabilities

Explore cross-marketing opportunities to better engage existing and potential customers

Share best practices and tools, leverage top talent and create new professional-growth opportunities

Pursue integration opportunities to enable combined company to operate more efficiently,
fund innovation and enhance customer value, including:

Combining technology platforms where appropriate

Leveraging enhanced scale of supply chain and customer service networks

Eliminating redundant corporate and support services

Reducing costs through purchasing synergies

So we can expect to see HSN brands expand globally and pop up on QVC’s numerous international channels.

There were some very interesting additional facts in the presentation, as well. QVC has 8 million customers, and 6 million of them don’t shop at HSN today, according to Liberty. We find that hard to believe, since we shop at both nets and Evine as well, but that’s what they said. HSN has 5 million customers.

By cross-marketing, QVC can try to get some of HSN’s customers to shop with it.

QVC has 29 on-air hosts, while HSN has 24, just FYI.

And of course, whenever one company buys another one there is always talk of synergies, which basically means people are going to lose their jobs. In this acquisition, there’s a lot of places where QVC and HSN have overlap and where cost-cutting can happen. A lot of it may be behind the scenes, however.

For example, cable networks have what are called affiliates sales departments, the executives and sales reps who negotiate the contracts for QVC and HSN to get carried on your cable system or by your DBS provider, be it Comcast or DirecTV. You won’t need two affiliate sales departments to handle that function.

And with QVC and HSN under one roof, whoever survives in affiliate sales will now have a bundle of five networks it can bring to cable companies. Just like a Discovery Communications with its many networks or a Viacom, the QVC-HSN affiliate sales reps can tell a Comcast that if it carries smaller startup channels like BeautyIQ, it will get a better deal on the larger channels, QVC and HSN.

There are other “synergies.” Some vendors supply goods to several home shopping networks. One of our readers recently reported that she had ordered bedding from Paula Deen’s line on Evine, but when the order came it was Northern Lights, as we recall, which is sold by QVC. The point is that one manufacturer is making items for both channels.

Vendors who manufacture goods for QVC and HSN might get squeezed, with Liberty trying to negotiate much cheaper deals because it has leverage as a major customer of such companies.

The big advantage of this merger, as everyone and their mother has pointed out, is that this will increase QVC’s and HSN’s scale as digital players, putting them in a better position to compete against giant Amazon. The digital sales of both those home shopping channels have soared over the past few years, and with distribution centers and those of their sister companies, Zulily and Cornerstone, they gain traction against the big “A.”

HSN and its Cornerstone unit have warehouses in cities such as Piney Flats, Tenn., Fontana, Calif., Roanoke, Va., Monroe, Ohio, and Scottsdale, Ariz.

For QVC and Zulily, there are fulfillment centers Rocky Mount, N.C., Florence, S.C., Suffolk, Va., Ontario, Calif., Lancaster and Bethlehem, Penn., McCarran, Nev., and Lockborne, Ohio.

Liberty needs a lot of distribution points to beat Amazon at its own quick-delivery game, but are all the above too many? We’ll see.

Liberty crowed about HSN in its presentation, saying that it brings a “rich legacy of innovation” to the QVC Group.

Liberty cited HSN’s “highly engaging programming and events, including movie tie-
Ins” and “American Dreams entrepreneur search series.”

There was also a shout-out to HSN’s leading brands, including Joy Mangano’s
Ingenious Designs, Andrew Lessman’s ProCaps Laboratories, IMAN Global Chic, Jennifer Flavin Stallone’s Serious Skincare, Wolfgang Puck Kitchen, Diane Gilman
Fashion and the Concierge Collection.

QVC’s top honcho, Mike George, will ride herd over the new and larger QVC Group.
But what will happen with the top management at HSN?

Former CEO Mindy Grossman has flown the coop, already starting her new gig at Oprah Winfrey’s Weight Watchers. Bill Brand is a very talented HSN honcho, and we hope he’s in line for a promotion to fill Grossman’s high-heels.

QVC To Buy HSN In $2.6 Billion Merger

July 6, 2017

You may have to kiss goodbye to a lot of your favorite hosts and vendors at the two top home shopping networks, because QVC’s parent company is buying HSN.

At first blush, it appears that Liberty Media Interactive Corp. will keep both QVC and HSN operating as two separate channels, but John Malone’s company anticipates cost savings, and that that usually translates to people losing jobs. Believe us, we know firsthand. But we have not listened to the conference call on the deal yet to be sure.

The huge news was announced Thursday morning, coincidentally just a day after HSN bigwig Mindy Grossman started her new gig at Oprah Winfrey’s Weight Watchers.

http://ir.libertyinteractive.com/releasedetail.cfm?ReleaseID=1032273

http://www.philly.com/philly/business/qvc-home-shopping-network-merge-20170706.html

The acquisition gives Liberty a portfolio of five domestic home shopping channel, namely QVC, QVC2, BeautyiQ, HSN and HSN2.

The all-stock deal is valued at $2.6 billion, with Liberty acquiring the 62 percent of HSN Inc. it doesn’t own. Liberty will offer compensation of $2.1 billion in shares, but the press release says there will be $2.6 billion of “total enterprise value,” whatever that means.

“We are excited to announce the acquisition of HSNi,” Liberty CEO Greg Maffei said in a canned statement.

“The addition of HSN will enhance QVC’s position as the leading global video eCommerce retailer. Every year they together produce over 55,000 hours of shoppable video content and have strong positions on multiple linear channels and OTT [over the top] platforms. The value of the combined QVC, HSNi and zulily will be further highlighted when later this year QVC Group becomes an asset-backed stock as part of the previously announced split-off of Liberty Ventures.”

Here’s what smiling QVC honcho Mike George had to say in the press release.

“We’re thrilled to welcome the HSNi team to our company,” he said.

“HSNi founded the industry 40 years ago and helped it grow with exciting initiatives like Shop By Remote and media integrations with leading content producers. By creating the leader in discovery-based shopping, we will enhance the customer experience, accelerate innovation, leverage our resources and talents to further strengthen our brands, and redeploy savings for innovation and growth. As the prominent global video commerce retailer and North America’s third largest mobile and eCommerce retailer, the combined company will be well-positioned to help shape the next generation of retailing.”

Here’s what Liberty says the benefits of the deal are: increase scale, enhancing the competitive position of QVC Group; meaningful synergies through cost reduction and revenue growth opportunities; increased development of eCommerce, mobile and OTT platforms; optimize programming across five U.S. networks; cross marketing to better engage existing and potential customers; financial optionality due to HSNi’s lower debt leverage.

HSNi consists of HSN and Cornerstone, which includes Ballard Designs, Frontgate, Garnet Hill, Grandin Road and Improvements.

Post-closing of the deal, expected in the fourth quarter, HSNi headquarters will remain in St. Petersburg and will be overseen by George.

“Joining the QVC Group will give us instant access to global consumer markets, a leadership team with deep expertise and a global perspective, and the opportunity to further strengthen our content-based brand portfolios in a changing retail landscape,” said Arthur Martinez, HSN’s board chairman.

“We have both been innovators in a growing and dynamic retail environment with a unique vision of what shopping should be, and as new technologies continue to change our everyday lives, together we can develop the next generation of shopping for the next generation of consumers.”

Maffei and George discussed the transaction in a conference call this morning, which will be archived on Liberty’s website. To access the webcast go to http://www.libertyinteractive.com/events.

We can’t listen now, but will later and report back.

QVC’s Shawn Killinger Adopts Baby

June 22, 2017

Belated congrats to QVC host Shawn Killinger. She and her husband Joe have adopted an adorable newborn baby.

Killinger announced the news on Facebook on Father’s Day, along with some sweet photos. The blonde apologized for missing her 10th anniversary on QVC, and then explained why she was “mysteriously MIA,” as she put it.

“Meet Jagger Jude, born Friday June 9 in California!” Killinger wrote.

“Joe and I are out here adopting a baby girl! She is perfect and a long dream come true. God is so good, His ways so perfect. I won’t be seeing you on Q for most of the summer, but in between feedings and poopy diapers I’ll pop up on social media to share the fun. I’m thrilled, anxious, full of questions, and in awe of women who have done this so gracefully bc I haven’t showered in 3 days…and I’m loving every minute of it! Plus my clothes smell like Dreft baby detergent bc I’m combining loads.”

Her post generated about 14,000 comments from well-wishers.

The news is especially joyous because Killinger, like other women we knew, endured a miscarriage that broke her heart.

So we wish this new mom luck!

Is Suzanne Somers Bound For QVC?

June 2, 2017

UPDATE: A reader told us she saw a QVC promo saying that Somers is coming to the network in July.

Is this a sign of things to come?

One of our readers noted that several of Suzanne Somers’ products are now on QVC’s website, listed as “new.” The items include protein shakes.

http://www.qvc.com/catalog/search.html?langId=-1&storeId=10251&catalogId=10151&keyword=Somers

So is the blonde actress-entrepreneur-author coming to the No. 1 home shopping network?

Somers for years was on HSN hawking jewelry, clothes and diet food. Then she landed at Evine for several years, until announcing recently that she was leaving there.

We’re told that many, many years ago Somers was on QVC selling her Thighmaster.

So maybe she’s about to return.

Is Suzanne Somers Bound For QVC?

June 1, 2017

Is this a sign of things to come?

One of our readers noted that several of Suzanne Somers’ products are now on QVC’s website, listed as “new.” The items include protein shakes.

http://www.qvc.com/catalog/search.html?langId=-1&storeId=10251&catalogId=10151&keyword=Somers

So is the blonde actress-entrepreneur-author coming to the No. 1 home shopping network?

Somers for years was on HSN hawking jewelry, clothes and diet food. Then she landed at Evine for several years, until announcing recently that she was leaving there.

We’re told that many, many years ago Somers was on QVC selling her Thighmaster.

So maybe she’s about to return.

Frankie Avalon, Italian Food, Evine?

May 25, 2017

Singer Frankie Avalon, now there’s a blast from the past, is bringing a line of gourmet Italian food to Evine, premiering Sunday.

Apparently he was previously hawking his wares on QVC, which was news to us.

Frankie Avalon Foods will be part of Evine’s “Wonder.Full.Memorial Weekend” event, with Avalon appearing live to present a variety of gourmet foods, including appetizers, entrées and desserts.

“Throughout my career, I’ve spent a lot of time on the road,” Avalon said in a canned statement.

“Despite the excitement of show business, I always looked forward to returning to Philadelphia for one of my mother’s home cooked meals. She was a wonderful cook and inspired a lot of the dishes in this collection. In addition to authentic Italian recipes, what makes these items special are the ingredients. We didn’t cut any corners and demanded the best flavors from around the world, including chocolate from Belgian and sea salt from Sicily. I’m really proud of what we’ve created and I can’t wait to share these mouthwatering foods with families everywhere.”

Avalon will debut a variety of Italian foods, including appetizers, entrées and desserts, many of which include imported Italian ingredients.

The assortment is exclusive to Evine and includes breaded spaghetti balls, fried and stuffed pazotti bread, limoncello cake and cannoli cake.

In addition to food, the premiere will also include a limited number of signed copies of Avalon’s cookbook, “Frankie Avalon’s Italian Family Cookbook: From Mom’s Kitchen to Mine and Yours.”

Here’s the boilerplate on Avalon, for you whippersnappers who have never heard of him:

Actor, singer, dancer and former teen idol Frankie Avalon, born Francis Thomas Avallone, is a 20th century, American entertainment legend. With countless hit movies and singles, he began his career in food by authoring his first cook book Frankie Avalon’s Italian Family Cookbook, from Mom’s Kitchen to Mine to Yours. He has since made a name for himself in kitchens across America and beyond.

Here’s what Evine CEO Bob Rosenblatt has to say about all this.

“I’m thrilled to welcome Frankie Avalon to the Evine family and look forward to giving our customers the opportunity to sample authentic, gourmet-quality foods from this entertainment icon,” he said.

“Frankie is an experienced video commerce veteran, and coming from QVC, he brings both live selling experience and a large following of fans who have hungrily awaited his return to our space. We’re ready to roll out the red carpet and welcome these fans to Evine with the premiere of Frankie Avalon Foods.”

JTV Alums Moseley, Lau To Be QVC Gem Experts

May 25, 2017

Gem expert Peyton Kelley is gone from QVC, but two Jewelry Television alum are coming to the No. 1 home shopping network: Jeff Moseley and Michele Lau.

Both Moseley and Lau posted almost exactly the same messages separately on their Facebook pages.

“I’m thrilled to announce I have officially accepted the offer from QVC to be one of their two Gemstone Jewelry On Air Guests!” Moseley wrote.

And Lau posted, “It is a done deal! I have officially accepted the offer from #QVC to be one of their two Gemstone Jewelry On Air Guests!”

We enjoyed them both on JTV, and this is no reflection on them, but we are a little perturbed if Kelley was let go to make way for them.

As we recently reported, not only Kelley, who was at QVC for years, but most recently host Jacque Gonzales are gone. As one former QVC host suggested, companies like QVC often let veteran employees, who are at the top of the pay scale, go as a belt-tightening measure. Hell, we were laid off at two newspapers for the same reason. It sucks.

Now that that’s off our chest, we note that this news about Moseley means that yet another husband-wife team is on home shopping. Moseley’s wife Erin is already on on-air rep for QVC’s Diamonique line.

Evine has jewelry vendors Judy Crowell and hubby Paul Deasy. And the network also has Pam McCoy, who used to appear on the channel back in the day with her husband Wes.

Jacque Gonzales Bids Farewell To QVC

May 23, 2017

Time to say bye-bye to QVC host Jacque Gonzales.

We remember when she arrived at QVC, a perky young lady. Over the years QVC glammed her up quite a bit, and we imagine her hiring was to appeal to the Hispanic demographic, at least in part.

We haven’t seen much of her on the home shopping network recenty, and on Monday she posted on Facebook that she is leaving.

“I wanted to take a moment to let you all know that today I am leaving QVC,” she wrote. “It has been such a privilege to get to know so many of you and be part of your lives for the past 15 years.”

She added, “I would absolutely love to stay in touch with all of you – you can find me on my NEW Facebook Page: http://www.facebook.com/justjacquegonzales.&#8221;

And Gonzales ended with, “Blessings to all of you.”

Wish we knew exactly what happened, but we don’t. We’ve been too busy working long hours at our start-up paper to be snooping around.