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| Slopnbc Fires CEO due to Slumping Sales | Rate Topic |
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| Posted: Fri Aug 22nd, 2008 02:22 pm |
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1st Post |
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oagaspar Site Founder 
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looks like some changes are underway at Slopnbc due to slumping sales and huge losses....maybe the watch program will get a facelift!coyote2.gif ShopNBC ousts CEO of 5 months after sales sink updated 19 minutes ago MINNEAPOLIS - ValueVision Media Inc.'s ShopNBC replaced its chief executive officer Friday, minutes before announcing that sinking sales pushed the 24-hour television shopping network to a wider loss in the most recent quarter. ShopNBC said John D. Buck will replace Rene Aiu, who served in the spot for just five months, immediately. "Given the company's recent performance, the board concluded that ShopNBC needs a different kind of leadership and vision," said Buck in a statement. On Friday ShopNBC posted a loss of $15.8 million on sales that sank 26 percent in the fiscal second quarter, citing fewer units sold at a lower average price point. Buck, 58, has served on ShopNBC's board since 2004, most recently as executive chairman, and was interim CEO from November 2007 to March 2008, when Aiu took over. He was formerly CEO of Medica, a major Minnesota health insurer, and president and chief operating officer of Fingerhut Cos. He will remain a member of ShopNBC's board. Also on Friday the company named Keith R. Stewart president and chief operating officer. He will also serve on the board. Stewart worked for home shopping channel QVC Inc. for nearly 15 years, most recently as general manager of its German business unit. Shares of ValueVision plunged 37 cents, or 13.6 percent, to $2.35 in afternoon trading, and earlier traded as low as $2.22, its lowest point in a year.
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| Posted: Fri Aug 22nd, 2008 03:07 pm |
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2nd Post |
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Skipdawg 3T WIS 
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Way past due! :?
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| Posted: Sat Aug 23rd, 2008 08:09 am |
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3rd Post |
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deno24 3T WIS 
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i used to watch SWI on there and every now and then you would see a decent watch pop up ( got my zodiac calame and hamilton xwind from them ) all you ever see now is crappy Crotons or invictas... Their whole watch collection stinks. Hopefully this will improve things.. I doubt it though.
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| Posted: Sat Aug 23rd, 2008 09:12 pm |
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4th Post |
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Paxman 3T WIS 
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Didn't we here this same news six months back? Things surely have only gotten worse. I guess what goes around comes around...face4.gif
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| Posted: Sat Aug 23rd, 2008 09:22 pm |
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5th Post |
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hucky 3T WIS 
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Maybe all the big wigs should voluntarily take a pay cut to help out the struggling economy in these slow times to get over the hump, but that wont happen. No matter who takes over, I dont see any Reality Number Improvements, you may see stock numbers but those are not always real numbers, easily manipulated by who one knows. Cut the head off the snake, cut the head off the snake coyote2.gif NEXT 
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| Posted: Sat Aug 23rd, 2008 10:30 pm |
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6th Post |
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teddyhanna Guest
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They need a whole new line of products and host's. Also there host's are shot out. Their nerve racking. Why even mention watches, it's just crap they serve up, like Invicta's and Crotons....:X What every now and then you get Seiko special to watch..whoopeeface4.gif
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| Posted: Sun Aug 24th, 2008 09:59 am |
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7th Post |
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romano 3T WIS 
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Funny whenever the Croton guy is on my wife just cringes at his absolutely annoying voice. All I need do is channel surf by for her to comment. If you want to sell you can't turn off your audience with how it sounds or looks . I guess they never heard of what is it Q values. They would probably sell more if they kept most of the owners of these companies off the air .
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| Posted: Sun Aug 24th, 2008 10:19 am |
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8th Post |
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Paxman 3T WIS
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romano wrote: Funny whenever the Croton guy is on my wife just cringes at his absolutely annoying voice. All I need do is channel surf by for her to comment. If you want to sell you can't turn off your audience with how it sounds or looks . I guess they never heard of what is it Q values. They would probably sell more if they kept most of the owners of these companies off the air . The Merm?? He is an all time great for Slop. All you need is him and Jimmy sniffles yelling at you and you are compelled to buy, buy, buy... I mean bye-bye!!:D
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