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Honored Contributor
Spurt
Posts: 36,746
Registered: ‎03-20-2010

QVC Posts 4 Percent Revenue Gain In Second Quarter

‎08-11-2012 01:17 PM

The No. 1 home shopping network, QVC, recorded a 4 percent increase in second-quarter revenue, to $1.23 billion, its parent Liberty Interactive Corp. reported Wednesday.

HSN last week also reported a 4 percent increase in second-quarter revenue, to $501.9 million.

QVC’s U.S. gross product revenue increased 5 percent as a result of strength in beauty, electronics and apparel products.

But that was reduced to a 4 percent increase overall due to an increase in second-quarter returns as a percent of gross product revenue of 117 basis points, primarily due to increased return rates in apparel, health, beauty and jewelry due to the mix of products within those categories, according to QVC.

Average selling price (ASP) for QVC items increased 5 percent from $52.02 to $54.84, while units sold remained flat compared to the prior-year second quarter

homeshoppingista.wordpress.com/2012/08/09/qvc-posts-4-percent-revenue-gain-in-second-quarter

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