8/28/13

TV shopping network ShopHQ boosts online sales 10% in Q2 thanks to 22% more customers

Mobile sales represented 23% of total e-commerce revenue for ShopHQ, formerly ShopNBC.

Stefany Zaroban , Associate Director of Research

Online sales and total sales registered solid growth during the second quarter for television shopping network and e-retailer ShopHQ.

For the period ended Aug. 3, 2012, ShopHQ, which recently rebranded from ShopNBC, reported:

Online sales represented 45.1% of total sales during the quarter, compared with 45.4% last year. Mobile sales represented 23.0% of e-commerce revenue in Q2 versus 16.0%.

ShopHQ, No. 98 in the Internet Retailer Top 500 Guide, says strong results in the fashion, accessories, home and consumer electronics categories drove growth during the period. “We continued to make progress in broadening our product offerings as well as accelerated new and retained customer growth,” says Keith Stewart, CEO of parent company ValueVision Media Inc. “Our rebranding to ShopHQ, your shopping headquarters, is progressing well and our customers are responding positively."

For the first half of the year, the e-retailer also reported:

ShopHQ says a broader merchandise mix, improved customer service and lower average prices drove a 11% increase in the number of customers that have made a purchase over the last 12 months.

Topics:

customer service and e-commerce, Keith Stewart, mobile sales, Q2 2013 earnings, ShopHQ, ShopNBC, Top 500, Top 500 Guide, ValueVision, ValueVision Media

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