By  on August 24, 2012

HSN acquired catalogue and online retailer Cornerstone Brands in 2005.

Cornerstone comprises leading home and apparel lifestyle brands, including Ballard Designs, Chasing Fireflies, Frontgate, Garnet Hill, Grandin Road, Improvements and TravelSmith. More than half of Cornerstone’s revenue comes from its eight e-commerce sites, according to the HSN Web site. Cornerstone operates seven separate e-commerce sites, distributes more than 300 million catalogues annually and has 11 retail and outlet stores. The segment had sales of $461.2 million in the first half ended June 30, a 12 percent gain from the same period a year earlier, as gross profits rose 15 percent to $190.3 million.

In April, HSN bought the Chasing Fireflies children’s clothing business. Earlier this year, it sold two companies, the window-treatment company Smith + Noble in May and The Territory Ahead clothing business in July.

 

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