2/25/13

Web sales grow 14% for HSN in 2012

E-commerce now accounts for nearly 50% of total sales.

Mark Brohan , Research Director

TV and web retailer HSN Inc. is getting closer to the day when sales from e-commerce will account for at least 50% of revenue.

For the year ended Dec. 31, HSN reported:

“Our results for the quarter and the year at HSN reflect our ability to capitalize on the shift in retail driven by technology, social networks and mobility,” says CEO Mindy Grossman. “HSN’s mobile sales continued to accelerate, reaching $63 million in the quarter, nearly exceeding total mobile sales for all of 2011.” Mindy Grossman is a keynote speaker at June’s Internet Retailer Conference & Exhibition 2013 in Chicago (read more about IRCE http://irce.internetretailer.com/2013/)in Chicago. She will speak in a session titled “How boundaryless retail drives 21st century success.”

 For the fourth quarter HSN reported:

 

 

Topics:

Cornerstone Brands, e-commerce, HSN, Mindy Grossman, Top 500, web sales

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