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HSN reports quarterly sales growth
ST. PETERSBURG, Fla. -- HSN Inc. reported that total net sales for its first quarter grew 6% over the prior year to $724 million. Net sales at its HSN business increased 1% to $526.2 million, which included 7% sales growth at HSN.com. Cornerstone's net sales increased 20% to $197.8 million with e-commerce sales growth of 23%.
Adjusted EPS increased 14% to 41 cents compared with 36 cents in the prior year, the company reported. GAAP diluted EPS increased 13% to 34 cents compared with 30 cents in the prior year.
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J.D. Powers: Ace Hardware ranks highest in home improvement stores survey
New York City -- For a fifth consecutive year, Ace Hardware ranks highest in satisfying home improvement retail store customers, according to the J.D. Power and Associates 2011 U.S. Home Improvement Retailer Satisfaction Study(SM). The study, now in its fifth year, finds that home improvement store shoppers are more satisfied with store facilities, merchandise and pricing in 2011, compared with 2010.