ShopHQ Builds Community and Inspires Shopping During Its Spring 2014 Fashion Season
12 June 2014 - 7:22AM
Marketwired
ShopHQ Builds Community and Inspires Shopping During Its Spring
2014 Fashion Season
MINNEAPOLIS, MN--(Marketwired - Jun 11, 2014) - ValueVision
Media, Inc. (NASDAQ: VVTV), a multichannel electronic retailer
operating as ShopHQ via TV, Internet and mobile, today thanked its
loyal shoppers for making its spring 2014 fashion season an
on-trend, major hit among customers.
During the spring 2014 season, ShopHQ held four Fashion Day
events on separate occasions, including a record-breaking fashion
sales event on May 17, 2014. Shoppers were treated to new and
exciting fashion and accessories across ShopHQ's multichannel
platform as well as a curated online-only product assortment.
Each Fashion Day featured an impressive lineup of trusted
brands, including customer favorites such as OneWorld®, Anuschka®
handbags, Matisse® and Corky's® footwear. Additional ShopHQ
exclusives included fashion from Kate & Mallory® and Love,
Carson Fab Fashion by Carson Kressley, as well as the premiere of
Ellen Tracy® handbags.
ShopHQ hosts entertained and informed viewers with authority and
credibility about the latest on-trend fashions suited for their
lifestyles. Top consumer fashion trends included:
1. Mix & Match - Make it a must to blend multiple
fabrics and textures into any ensemble. Trust in ShopHQ, as it's
easy to achieve and unquestionably fashionable. 2. White Hot
Color - Command a wardrobe by pouring on white hot color. Powerful
and minimalistic, the color white is guaranteed to magnify any look
this year. 3. A Hint of Print - Add an extra dose of
personality with a punch of print. Easily incorporate patterns and
prints to make a wardrobe a little more playful. 4. All
Dressed Up - Dress season has arrived, so whether it's a special
celebration or a warm night out on the town, ShopHQ's got shoppers
covered with a figure-flattering and flowing assortment.
5. Adore Adornments - The secret is out, embellishments are
in! Go with a little -- or a lot -- of detail with outfits and
accessories for an added element of fabulous.
The May 17th Fashion Day was the biggest Fashion Day sales event
in ShopHQ's history, generating the most orders to date in a single
Fashion Day and airing 123 unique styles and 90 new items. In
connection with the event, ShopHQ shipped over 87,000 units and
welcomed approximately 7,000 new customers. The Company's Internet,
mobile and social channels had the highest penetration and
conversion for a Fashion Day event. ShopHQ's phone agents greeted
over 35,000 customers throughout the day.
"We are thrilled to share in the success of our spring Fashion
Day events with our loyal customers," said ShopHQ President Bob
Ayd. "As we've always said, what's good for the customer will
ultimately be good for the business, and our team works every day
to make sure our viewers and shoppers are finding what they want on
ShopHQ."
Mr. Ayd continued, "Going forward, we will continue to offer
compelling and unique events while also creating opportunities for
our customers to visit us and discover exciting new fashion finds.
We are committed to keeping up this positive momentum and are
thrilled that more customers than ever are relying on ShopHQ as a
fashion shopping headquarters that is always there to meet their
needs."
About ValueVision Media/ShopHQ (www.shophq.com/ir)
ValueVision Media, Inc. operates as ShopHQ, a multichannel
retailer that enables customers to shop and interact via TV, phone,
Internet and mobile in the merchandise categories of Home &
Consumer Electronics, Beauty, Health & Fitness, Fashion &
Accessories, and Jewelry & Watches. The ShopHQ television
network reaches over 87 million cable and satellite homes and is
also available nationwide via live streaming at www.shophq.com.
Please visit www.shophq.com/ir for more investor information.
Forward-Looking Information
This release may contain certain "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995. Any statements contained herein that are not statements of
historical fact may be deemed forward-looking statements. These
statements are based on management's current expectations and
accordingly are subject to uncertainty and changes in
circumstances. Actual results may vary materially from the
expectations contained herein due to various important factors,
including (but not limited to): consumer preferences, spending and
debt levels; the general economic and credit environment; interest
rates; seasonal variations in consumer purchasing activities; the
ability to achieve the most effective product category mixes to
maximize sales and margin objectives; competitive pressures on
sales; pricing and gross sales margins; the level of cable and
satellite distribution for our programming and the associated fees;
our ability to establish and maintain acceptable commercial terms
with third-party vendors and other third parties with whom we have
contractual relationships, and to successfully manage key vendor
relationships; our ability to manage our operating expenses
successfully and our working capital levels; our ability to remain
compliant with our long-term credit facility covenants; our ability
to successfully transition our brand name; the market demand for
television station sales; our management and information systems
infrastructure; challenges to our data and information security;
changes in governmental or regulatory requirements; litigation or
governmental proceedings affecting our operations; significant
public events that are difficult to predict, or other significant
television-covering events causing an interruption of television
coverage or that directly compete with the viewership of our
programming; and our ability to obtain and retain key executives
and employees. More detailed information about those factors is set
forth in the Company's filings with the Securities and Exchange
Commission, including the Company's annual report on Form 10-K,
quarterly reports on Form 10-Q, and current reports on Form 8-K.
You are cautioned not to place undue reliance on forward-looking
statements, which speak only as of the date of this announcement.
The Company is under no obligation (and expressly disclaims any
such obligation) to update or alter its forward-looking statements
whether as a result of new information, future events or
otherwise.
Important Information
This release may be deemed to be solicitation material in
respect of the solicitation of proxies from shareholders in
connection with one or more meetings of the Company's shareholders,
including the Company's 2014 Annual Meeting of Shareholders. On May
9, 2014, the Company filed with the Securities and Exchange
Commission ("SEC") a proxy statement and a WHITE proxy card in
connection with the Company's 2014 Annual Meeting of Shareholders.
The Company, its directors and certain of its executive officers
and employees may be deemed to be participants in the solicitation
of proxies from shareholders in connection with the Company's 2014
Annual Meeting of Shareholders. Information concerning the
interests of these directors and executive officers in connection
with the matters to be voted on at the Company's 2014 Annual
Meeting of Shareholders is included in the proxy statement filed by
the Company with the SEC in connection with such meeting. In
addition, the Company files annual, quarterly and special reports,
proxy and information statements, and other information with the
SEC. The proxy statement for the 2014 Annual Meeting of
Shareholders is available, and any other relevant documents and any
other material filed with the SEC concerning the Company will be,
when filed, available, free of charge at the SEC website at
http://www.sec.gov. SHAREHOLDERS ARE URGED TO READ CAREFULLY THE
PROXY STATEMENT FILED BY THE COMPANY AND ANY OTHER RELEVANT
DOCUMENTS FILED WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL
CONTAIN IMPORTANT INFORMATION, INCLUDING INFORMATION WITH RESPECT
TO PARTICIPANTS.
Media: Dawn Zaremba ShopHQ dzaremba@shophq.com (952) 943-6043 O
Investors: David Collins / Eric Lentini Catalyst Global LLC
vvtv@catalyst-ir.com (212) 924-9800 O
(917) 734-0339 M
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