8/16/12

Web sales are up for the quarter but down YTD for ShopNBC.com

E-commerce grew 1% in Q2, but decreased 1% in the first six months.

Mark Brohan , Research Director

The web grew but not by much in the second quarter for ValueVision Media Inc., which operates ShopNBC.com.

For the quarter ended July 28, ValueVision, No. 91 in the 2012 Internet Retailer Top 500 reported:

“We returned the company to growth in Q2,” says CEO Keith Stewart. “Recent customer service initiatives are also resonating with our shoppers, delivering an improved multichannel retail experience. Looking ahead, we continue to expect some variability in operating performance as our newer product categories continue to expand.”

For the first two quarters:

Topics:

e-commerce, financials, shopnbc.com, Shopping, television, Top 500, valuevision media inc.

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