Jewelry Sales Not Growing at HSN

HSN’s sales grew 10 percent in the first quarter, but jewelry was the only category that remained stagnant, the channel said in a 10-Q filed with the Securities and Exchange Commission.

“[There was sales] growth in all divisions except jewelry,” the filing said.

Jewelry has become less of the channel’s product mix, comprising 9.2 percent of sales in 2015 and 10.7 percent in 2014. 

Overall, HSN’s net sales in the first quarter of 2015 increased 10 percent, to $600.5 million. At parent company HSNi, sales increased 8 percent to $841.9 million, with digital sales up 12 percent. 

JCK News Director