madman146@gmail.com Member

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Join Date: May 2010 Posts: 33

ShopNBC Q2 Net Sales Rise 6%

http://homeshoppingista.wordpress.com/

3 Lastest Threads by madman146@gmail.com

Thread Forum Last Poster Replies Views Last Post

"Shop" changing name ShopNBC General Topics stillkickin14 49 840 08-20-2010 05:54 AM

ShopNBC Q2 Net Sales Rise 6% ShopNBC General Topics timely1 25 336 08-18-2010 10:40

AM

ShopNBC Screw up! Renato Watches ziggy10 15 430 08-16-2010 02:59

PM

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#2

08-18-2010, 10:42 AM

bugduck Senior Member

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Good News !

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#3

08-18-2010, 10:44 AM

the B Senior Member

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very good news

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#4

08-18-2010, 10:46 AM

Chief68 WatchGeeks Moderator

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That is Good News but I still believe if they can get on more cable and satellite

bacic plans they will sky rocket and blow those other channels out of the water.

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#5

08-18-2010, 11:13 AM

imawatchgeek Senior Member Super Geek

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Nice!!! Remember, we are still in a recession... __________________

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#6

08-18-2010, 12:11 PM

Gregg Senior Member Super Geek

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That is some good news at least, but interesting their SVP of Merchandising is leaving, and

position won't be replaced. I wonder if there management structure is top heavy or trying to

reduce expenses or house cleaning?

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#7

08-18-2010, 12:32 PM

Arnie11 Senior Member

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Hmmmmmmm.........................

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#8

08-18-2010, 01:04 PM

anbick Senior Member Super Geek

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Boy, you would think they would have mentioned the watch shows for saving their tails and

to thank our patronage...LOL

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#9

08-18-2010, 01:32 PM

Rog1 Senior Member

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I think I'm responsible for most of that. __________________

I've been to the top of the mountain, and it's wet!!!

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#10

08-18-2010, 01:44 PM

rjones1994 Senior Member

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Considering how bad things have been, anything with black numbers is a good thing.

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#11

08-18-2010, 01:48 PM

phrozen06 Member Member Geek

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Quote:

Originally Posted by Rog1

I think I'm responsible for most of that.

+1

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#12

08-18-2010, 01:56 PM

bioya58 Senior Member Veteran Geek

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I did hear that watch shows consume the majority of Shop's air time so one might conclude

that watch buyers like us are doing more than our part to keep the Shop afloat.

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#13

08-18-2010, 02:03 PM

ACE Senior Member

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Quote:

Originally Posted by anbick

Boy, you would think they would have mentioned the watch shows for saving their tails

and to thank our patronage...LOL

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#14

08-18-2010, 02:03 PM

RLFierro Senior Member

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Quote:

Originally Posted by rjones1994

Considering how bad things have been, anything with black numbers is a good thing.

From what I read sales have indeed gone up but the numbers ain't in the black.

http://easyir.marketwire.com/easyir/...ve&prid=652984

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#15

08-18-2010, 03:58 PM

VegasLee Senior Member Senior Geek

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Getting better

The best part is they are not losing as much money as they normally do.

"Net loss for the second quarter declined to $7.7 million compared to a net loss of $8.2 million for the same quarter last year."

Still have a long way to go. Hope those deep pockets hold out. __________________

God put fools on this earth as a cheap form of entertainment to the rest of us!

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#16

08-18-2010, 04:44 PM

Hotspur Join Date: Feb 2010 Location: Here - now

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Lots of cosmetics as well. __________________

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#17

08-18-2010, 04:55 PM

JoeGa Senior Member Super Geek

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almost 40% gain in stock price in one day....someone's a happy camper tonight!

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#18

08-18-2010, 05:40 PM

Ronko Man Senior Member Super Geek

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I wonder how Value Pay's play into the equation?

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#19

08-18-2010, 06:44 PM

Z4MC Senior Member

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Quote:

Originally Posted by phrozen06 +1

Dude that is a SWEET ride is that a ZHP Performance package 330i? With M3 mirrors?

I have a 4 door ZHP and LOVE IT

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#20

08-18-2010, 06:53 PM

rodwrightonwatch Member

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I posted this earlier in another thread.............

--------------------------------------------------------------------------------

Just read the entire thread. Here are my two cents. A few weeks ago Jim said he just bought a new house. Earlier in this thread he said some changes were coming. Jim is not stupid,

obviously he feels job security at the Shop. Or, at least something is cooking in Minnesota? I

worked for Warner Bros in the 90s. I was mid management. You may remember when AOL

bought Time Warner. In one meeting AOL's president decided to close 152 stores. Imagine

how many people that affected. Corporate can and will do anything they deem fit. On another note. If we lose ShopNBC our favorite guys can do a web cast. Larry does one now

about sports. If the watch companys supported them.....they could offer value pay? All of us

use our computers and would watch it. Yesterday I read that Hollywood is freaked out about

Goggle TV. The article stated that Goggle thinks tv, as we know it, is dead soon anyway. What do you think? Do you think I am off base? rod-

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#21

08-18-2010, 06:57 PM

jgott Member Member Geek

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I'm glad the Shop is doing better financially. Good for them. I suspect a lot of us on WG

have added to that quarterly increase.

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#22

08-19-2010, 04:00 PM

buyingtime Senior Member Veteran Geek

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Another 12 months like the previous 12 (loss of $40M+) and there won't be a ShopNBC or whatever name they choose to change it to. They just don't have the cash to maintain the

business unless things turn around quickly, and personally, I don't see it happening. JMHO

They even stated in their $75M shelf registration filing of 7/26/10, that the company has a

"history of losses and a high fixed cost operating base and may not be able to achieve or maintain profitable operations in the future."

Also, "If we do not reverse our current trend of operating losses, we could reduce our

operating cash resources to the point where we will not have sufficient liquidity to meet the ongoing cash commitments and obligations to continue operating our business," the filing

states.

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#23

08-19-2010, 04:06 PM

kdog45 Senior Member Super Geek

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will jim still have a job. __________________

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#24

08-19-2010, 04:23 PM

reserveman Senior Member Master WatchGeek

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I'm sure its because of Jims shows. In the last yr the watch shows carry the most part of the

profit. I'm sure Jim got a big raise and the new house. If the watches quite selling there

would be big trouble. Since no free shipping had to help profits. Can you imagine if Jim decided to take his show elseware.

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#25

08-19-2010, 04:26 PM

timeaftertime Member Member Geek

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What's that old line... we're losing money on every sale but we'll make it up in volume. LOL

timely1 Senior Member

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Coincidentally - that's about the same % that my bank account dropped... __________________