11/13/12

HSN web sales increase 16% in the third quarter

The retailer’s year-to-date e-commerce sales approach $1 billion.

Kevin Woodward , Senior Editor

Third quarter e-commerce sales at HSN Inc. improved, as did overall sales, but the online, television and catalog retailer posted a decrease in net income.

For the quarter ended Sept. 30, HSN, No. 26 in the Internet Retailer Top 500 guide, reported:

HSN’s overall sales were aided by growth in home design, household, culinary and beauty products, HSN says, which partially offset an expected decline in electronics sales. Cornerstone’s performance was helped by the acquisition earlier this year of Chasing Fireflies LLC, a family clothing retailer, and sales growth in the home furnishings brands, HSN says.

For the first three quarters HSN reported:

Topics:

beauty products, Chasing Fireflies, Cornerstone, e - commerce, financial results, financials, Home Shopping Network, HSN Inc., quarterly reports, television, Top 500

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