HSN, Inc.

New leaders are set to take the reins at QVC.

In a deal that will bring together two longtime home shopping rivals, QVC is acquiring the Home Shopping Network.    Liberty Interactive Corp., owner of QVC, currently owns 38.2% of HSN parent HSNi. Under the agreement announced Thursday, Liberty will acquire the remaining 61.8% stake, making HSNi a wholly-owned subsidiary. The all-stock transaction has an enterprise value of $2.6 billion.   

One of the retail industry’s most high-profile and powerful female executives has been tapped as CEO of Weight Watchers International.   Mindy Grossman will step down as chief executive of HSNi effective May 24. She will take the reins as president and CEO of Weight Watchers, effective in July, and will also join the Weight Watchers board at that time.   

Sportsman's Warehouse has named Jon Barker president and COO, effective March 31.   Barker, who holds 25 years of retail experience will direct the marketing, supply chain, operations, compliance and technology functions for Sportsman's Warehouse, and will also lead the expansion of the company's e-commerce business.   

Shoptalk, the next-gen retail and e-commerce event, will kick off its 2017 event with 50 speakers on Sunday, March 19, including the VP of Amazon Prime Now, Stephenie Landry.   Sunday’s content will also include a startup pitch contest with significant cash prizes.   Shoptalk take place at the Aria, Las Vegas, March 19-22.   

It’s hard to drive camaraderie among a highly dispersed workforce — but HSN has found a way.   The entertainment and lifestyle retailer reaches 94 million households through 1,700 sales and service agents —most of which remotely work from home. Such a widely dispersed workforce makes it difficult to use conventional tactics to build healthy competitive spirit and camaraderie in group settings. This challenge forced the company to step up its employee engagement game.  

A disruptive retail climate and underperforming categories took their toll on HSN during the fourth quarter.   HSN’s net income was $43.5 million for the quarter, or 82 cents per share, ended December 31, 2016, compared to $59.7 million for the same period last year. This exceeded analysts’ estimates of 74 cents per share.  

HSN’s feature, “The Beauty Spy,” uses social media to introduce shoppers in the United States to new, emerging and exotic beauty trends. Now it is coming to the small screen.   The program, which can be seen on HSN’s social media platforms, including Facebook, Instagram and SnapChat, will become a monthly program appearing exclusively on HSN — a move that will deliver a multi-platform experience to viewers.