Company: ValueVision Media Inc, VVTV (ShopNBC)
Price: 2.15
Change: +33.54%
ShopNBC (NASDAQ:VVTV)
– Net sales increase of 6% vs. last year
– Adjusted EBITDA loss declines to ($1.9) million vs. ($5.7) million last year
– Gross Margin increases 260 bps to 37.4% vs. 34.8% last year
– E-commerce sales penetration rises 860 bps to 39.4%
ShopNBC (NASDAQ:VVTV), the premium lifestyle brand in multi-media retailing, today announced improved financial results for its fiscal second quarter ended July 31, 2010.
ValueVision Media, Inc., a multi-media retailer, engages in marketing, selling, and distributing its products directly to consumers through various digital platforms. It sells men’s and women’s watches, collectible coins, and other collectible items; gold, gemstone, and fashion jewelry for men and women; and cincluding desktop and notebook computers and related accessories, as well as home electronics, such as LCD televisions and digital cameras. The company also offers apparel, fashion accessories, and health and beauty products comprising clothing and footwear for women; handbags and other fashion accessories; and cosmetics and personal care items, as well as home and other products, consisting of mattresses, sheet sets, lamps, and home furnishings. Its principal form of multi-media retailing is its television shopping network,
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