R. Ghormley
In a press release today, ShopNBC announced two personnel moves within its merchandising organization. The company has promoted Macy’s veteran Matthew Lubkeman to vice president of watches and hired QVC alum Rod Ghormley to vice president of home. ShopNBC Press Release Mar. 18, 2010
Coming on the heels of a successful 4th quarter, QVC Inc. is looking to improve its cash flow by paying down debt. The network said it will sell $250 million of 7-year notes and another $250 million of 10-year notes. The Wall Street Journal Mar. 17, 2010
Learning Markets – Mar 17, 2010
Caymen-Island-based Gems TV has entered into a non-binding term sheet to acquire a 37.8 percent shareholding interest in Multimedia Commerce Group Inc. (MMCG), which operates rival TV shopping network Jewelry Television. The proposed transaction is subject to several conditions, including the approval of the companies’ shareholders. National Jeweler Mar. 10, 2010 The Israeli Diamond Industry Diamond News Mar. 14, 2010
A news report from Gems TV Holdings’ Singapore base suggests that the adverse economic environment kept its wholly-owned subsidiary Gems TV USA from gaining a strong-enough foothold since entering the market in November 2006. ChannelNewsAsia.com Mar. 8, 2010
Source article recaps QVC’s 2009 performance in its home market and abroad. Among the details: QVC Japan lowered price points and sold less jewelry in the fourth quarter for a 17% increase in unit sales. In European news, QVC will begin airing in Italy in the fourth quarter of this year. www.DiamondNe.ws Mar. 3, 2010
