NAVIGATION

January 17, 2018

Florida's 350 Biggest Companies 2017

Gains and challenges: HSN searches for a new CEO amid sagging profits

Mike Vogel | 6/28/2017

Under CEO Mindy Grossman, HSN saw its fortunes rise and fall dramatically. After a stint as global vice president at Nike, she became CEO of HSN in 2006 and took the company public. Revenue grew from $2.9 billion to $3.7 billion in 2015. But in the last year of her tenure — she left the company in May to become president and CEO at Weight Watchers — HSN saw net income from operations fall 18%.

HSN came to prominence as the Home Shopping Network, but no longer sees itself as solely a TV infomercial sales company. Broadcasting from its studios in St. Petersburg, it moved aggressively under Grossman into online and mobile sales. It has highlighted exclusive, celebrity-branded products from Sheryl Crow, Lady Antebellum singer Hillary Scott and others.

 

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Tags: Retail & Sales, 350 Biggest Florida Companies

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