Dive Summary:
- Television and online retailer HSN Inc. has announced that in 2012 its total web sales increased 13.3% to $1.45 billion; the company is ranked 26th on Internet Retailer's Top 500.
- The company's Cornerstone Brand increased almost 18% during the year, netting over $650 million in revenue, while HSN as a whole posted a net income of $130.7 million.
- CEO Mindy Grossman said that mobile sales also contributed to the growth and that this figure reached "$63 million in the [final] quarter, nearly exceeding total mobile sales for all of 2011."
From the article:
“Our results for the quarter and the year at HSN reflect our ability to capitalize on the shift in retail driven by technology, social networks and mobility,” says CEO Mindy Grossman. “HSN’s mobile sales continued to accelerate, reaching $63 million in the quarter, nearly exceeding total mobile sales for all of 2011.” Mindy Grossman is a keynote speaker at June’s Internet Retailer Conference & Exhibition 2013 in Chicago. ...