Tag Archives: Cornerstone

HSNi Net Q2 Net Falls 5.2 Percent

HSNi

ST. PETERSBURG, Fla.-Lower margins and a tick-up in expenses put a damper on HSNi’s second-quarter net income, which declined 5.4 percent to $40.9 million. Both of the company’s segments, HSN and Cornerstone, reported decreases in gross margin in the quarter, which ended on June 30. These came about due to shipping promotions at HSN andMore »

HSNi Q1 Net Drops 23.3 Percent

HSNi

ST. PETERSBURG, Fla.-The malaise throughout the retail sector struck HSNi, whose first-quarter net income fell 23.3 percent to $24.2 million. Net sales in the quarter, which ended on March 31, rose a bare 0.6 percent to $777.4 million. The results included a 1 percent decline in HSN’s sales and a pickup of 5 percent inMore »

HSN Net Jumps 40.8 Percent in Q2; Home Products Post Growth

HSN

ST. PETERSBURG, Fla.-An increase in sales and a favorable expense picture pushed HSN Inc.’s net income steeply northward in its second quarter by 40.8 percent, to $43.3 million. Net sales in the quarter, which ended on June 30, rose 5.9 percent to $812.6 million. Sales of home products helped fuel both the HSN and CornerstoneMore »