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Honored Contributor
Spurt
Posts: 36,795
Registered: ‎03-20-2010

OH THAT COMPETITION AND RESULTS FOR 1st QUARTER!

‎05-04-2013 12:22 AM

Here are the first quarter results from the other shopping channel-

http://homeshoppingista.wordpress.com/2013/05/03/hsns-sales-rise-just-2-percent-to-550-1-million-in-...

Some highlights-

HSN’s sales saw a 2 percent uptick in the first quarter, to $550.1 million, versus the year-ago period, the home shopping network reported Thursday.

Sales grew in apparel & accessories, beauty and home design, but that was offset by lower sales in jewelry and electronics, HSN said. The average price point decreased 9 percent, the units shipped increased 12 percent and the return rate increased 70 basis points to 20 percent primarily due to changes in product mix.

Gross profit increased 2 percent to $192.4 million and gross margin increased 20 basis points to 35 percent. The margin was favorably impacted by the product mix shift, partially offset by an increase in shipping and handling promotions.product mix,

I’m pleased with HSNi’s first quarter performance and the progress we made in creating a powerful and differentiated retail experience,” HSN CEO Mindy Grossman said in a canned statement.according to HSN.

Animals are reliable, full of love, true in their affections, grateful. Difficult standards for people to live up to.”
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