Sales at ValueVision’s ShopNBC.com hit $14 million, up 222% from year ago

Minneapolis-based ValueVision Media, which operates ShopNBC with content simultaneously broadcast on ShopNBC.com, reports that Internet sales reached $14 million in the second quarter, a record for the company and 222% over the second quarter of 2000. Second quarter Internet sales also were higher than last year’s fourth quarter holiday sales over the Internet, the company said.

Guide to E-Commerce Technology

ValueVision’s total revenue in the second quarter reached a record $105 million, up 17% from a year ago.

For the six months ended July 31, consolidated net sales were $217 million, up 24% over the same year ago period. Internet sales were $27 million, a 283% increase over last year.

Operating income for the second quarter showed a loss of $1.9 million vs. earnings of $2.3 million a year ago. For the first half, the company lost $1.075 million on an operating income basis vs. income of $3.8 million in last year’s first half.