Units shipped and average price point increased 3 percent and 2 percent, respectively.Gross profit increased 1 percent to 9.9 million.Gross profit margin declined 170 basis points to 34.4 percent primarily driven by increased product costs, retail price reductions and inventory reserve provisions.
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We had never heard of this medical condition, which according to People “is often caused by natural childbirth or menopause and can lead the cervix, bladder and vagina to drop or fall out of the body.” Gilman finally had surgery to correct the condition, saying that the disorder had turned her into a virtual hermit because it made her feel so uncomfortable. Gilman also let the cat out of the bag about who does her hair, which is much too big for 2012.
And in a particularly poignant anecdote, Gilman told People that she was often stopped by airport security who suspected she was hiding something between her legs. She has it blown out at the upscale John Barrett salon, which is in Bergdorf’s.
Operating expenses, excluding non-cash charges, increased 4 percent.
The increase was primarily attributable to the costs associated with launching HSN2, HSN’s second television shopping channel that debuted in August, costs for brand and event marketing and accrued costs for a legal settlement.
Jean queen Diane Gilman sold 200,000 pairs of jeans during the quarter, according to Grossman.