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.
Peter Kim's Los Angeles-based premium denim line has always had its finger on the pulse of youth. This season, novelty is back in a way reminiscent of early Aughts, with studs, lace-ups, racing waxed denim and more. For more highlights if some of the key brands at the Vegas trade shows, go to WWD.com. #wwdfashion (📷: Patrick Gray; Styles by @thealexbadia; Story by @karihamanaka and @marcy_wwd)
"I was driving back on Saturday afternoon from the beach, and I just saw this sign saying 'Skydiving for $95.' And I was like, I can't not sky dive for $95," says Tom Bateman about a moment in Hawaii while shooting "Snatched." #wwdeye (📷: @vsteves; Interview by @ktauer; Styled by @thealexbadia)