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HSN sales up 4% but TV network sales stagnate (St. Petersburg Times)
**By Mark Albright, Times Staff Writer**
Thursday, February 23, 2012
Sales at HSN Inc. rose a respectable 4 percent during the Christmas holiday
quarter but were flat at the St. Petersburg e-commerce company's TV shopping
business.
Overall, the quarter ended Dec. 31 "was positive," said Mindy Grossman, chief
executive officer. "But the final weeks (of the holidays) did not live up to
our (sales) expectations."
In her first public statement on the subject, Grossman also put to rest last
week's reports that she was being courted to take over as chief executive of
troubled Avon Products Inc. The _Tampa Bay Times_ had reported earlier that
she spiked the speculation in letters sent to 250 mangers.
"Let me address the elephant in the room here," she volunteered in an earnings
call with analysts, "I am not going anywhere (because HSN) is more than a job
to me."
Excluding one-time ...
July 1st, 2010 in
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