QVC to Merge With Home Shopping Network in $2.1 Billion Deal

This special offer is sweet for 15{158309a3fa6d8381d35803f67c7215a25bd2f071abbaea46b5e22a7c1b745473} any single item on HSN.com (exclusions apply). Learn how one can enjoy the convenience of ordering HSN merchandise right via your Comcast remote control. Second-quarter income at HSN declined 12 {158309a3fa6d8381d35803f67c7215a25bd2f071abbaea46b5e22a7c1b745473} to $473 million from $533 million a yr later the company announced Wednesday. Stock within the company, which counts media mogul John Malone as one of its largest investors, is down about 8 percent yr so far, in contrast with a 14 p.c increase for the Nasdaq index, and sixty four {158309a3fa6d8381d35803f67c7215a25bd2f071abbaea46b5e22a7c1b745473} enhance for Amazon.com year so far.

The firm is a distant third to QVC and HSN in the TV shopping marketplace, and hasn’t been profitable since 2017. The retailer is set to report second-quarter earnings Aug. 28. Viewers of online and cable TV shopping network Evine Live will see a new identify and a new look beginning Wednesday as the …