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The plan — designed to thwart a potential hostile takeover — will grant one preferred stock purchase right for each share of HSN’s common stock held by stockholders of record as of Jan. 5. It will become exercisable in the event a person or group acquires ownership of 15 percent or more of HSN’s common stock. (Current, large stockholders, such as Liberty Media, are exempted.) BusinessWeek Dec. 29, 2008
Tags: HSN, shareholder rights planThe multi-year printing contract — expected to be valued at more than $100 million — significantly expands RR Donnelley’s relationship with Cornerstone. R.R. Donnelley & Sons Company Press Release Dec. 24, 2008
Tags: Cornerstone Brands, HSN, RR Donnelley & Sons Company
QVC's Rocky Mount, NC, Solar Farm
The one-megawatt solar electric farm has been built on five acres of QVC’s Rocky Mount distribution center. It sells electricity to the N.C. Electric Membership Corporation, the power supply organization for the state’s electric cooperatives, which will return it to the grid for use by North Carolina consumers. Rocky Mount Telegram (NC) Dec. 20, 2008
Tags: environmental sustainability, green business practices, QVC, solar power
Paula Abdul
The singer, choreographer and American Idol judge has been designing her own jewelry since 2002, and giving pieces away to ‘Idol’ contestants as momentos of their time in the spotlight. She also previously sold her designs on QVC. Now, she will premiere the Forever Your Girl line on HSN, beginning this Saturday. In addition to jewelry, line will feature handbags and other accessories, with a price range of $29-$200. Boston Herald Dec. 8, 2008
Tags: American Idol, Forever Your Girl, HSN, Paula AbdulThe cheeky news item on the UK’s Inquirer website is available here. And confirmation comes from QVC’s program guide here. Dec. 6, 2008
Tags: Dell Computers, Michael Dell, PCs, QVCHSN Inc. announced on Friday the immediate elimination of 110 positions from its TV operation and 75 positions from its Cornerstone catalog operation. The company also said that it will not fill an additional 52 currently open positions. In the case of both HSN TV and Cornerstone, the cuts represent less than three percent of the workforce. St. Petersburg Times (FL) Dec. 5, 2008
Tags: Cornerston catalog, downsizing, HSN, job cutsThe eleventh straight month of job losses brought the year-to-date total to 1.9 million and sent the unemployment rate up to 6.7 percent. There is even more bad news in the source article, if you can bring yourself to look at it. The New York Times Dec. 5, 2008
Tags: job losses, recession, U.S. economy“The International Council of Shopping Centers … described November’s figures as the weakest in more than 35 years. Declines were recorded in every retail segment the group tracks, with the biggest coming from department stores…” where sales were down 13.3 percent compared with November a year ago, and specialty apparel retailers, where sales were down 10.4 percent.” Same store sales at chains that did not make use of unprecedented discounting got hammered. The New York Times Dec. 5, 2008
Tags: discounting, November retail sales, same store salesRoberson, who previously ran QVC’s West Chester, PA, distribution center, will lead the Florence facility’s expansion into handling a broader range of merchandise, including fashion and jewelry products. He will also spearhead the hiring of some 200 new employees in 2010. SC Now Dec. 4, 2008
At her sentencing in federal court Monday for embezzlement, Cassandra Ryder, a former teller at the Branch Banking & Trust (BB&T) in Copperhill, TN, explained that she was “…addicted to the QVC Shopping Network.” Ryder embezzled from the bank account of a friend who (she knew) never reviewed her bank statements. WTVC Channel 9 (Chatanooga, TN) Dec. 2, 2008
Tags: Cassandra Ryder, Embezzlement, QVC, shopping addiction