8/02/13

HSN logs an 11% in increase in second quarter e-commerce growth

Total sales increased 6% and the web accounted for 45% of all revenue.

Mark Brohan , Research Director

It was a solid but not spectacular e-commerce performance for TV and web retailer HSN Inc. in the second quarter.

The e-commerce growth rate for HSN’s two business units, HSN and Cornerstone Brands, grew nearly equally at about 10% while total sales increased about 6%.

For the second quarter ended June 30, HSN, No. 24 in Internet Retailer’s 2013 Top 500 Guide, reported:

“Our financial performance during the second quarter is a result of the uniqueness of our customer experiences, the power of our digital platforms and the quality of our brands and products," says CEO Mindy Grossman.

For the first two quarters HSN reported:

The web accounted for about 44.8% of HSN Inc.’s total sales in the first two quarters of 2013 compared with 43% in 2012.

Topics:

2013 earnings, 2013 q2, business finance, e-commerce, Home Shopping Network, HSN Inc., HSN.com, Mindy Grossman, Q2, Q2 2013 earnings, second quarter, web retailer, web sales

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