HSN Laying Off 3% of Staff

TV shopping/catalog merchant HSN said last Friday it will lay off 110 employees at HSN, most from around its St. Petersburg, FL headquarters. The company will also eliminate 52 open positions.

HSN is reducing headcount in its Cornerstone catalog division by 3% as well, cutting 75 jobs there. Cornerstone, based in West Chester, OH, includes the Frontgate, Ballard Designs, Garnet Hill, Smith+Noble, The Territory Ahead, TravelSmith and Improvements catalogs.

The company evidently began the cutbacks weeks ago: A long-time Cornerstone catalog staffer told Multichannel Merchant he was laid off in late October.

HSN’s former parent company IAC/InterActiveCorp. bought Cornerstone Brands in 2005. It spun off HSN as a separate company this past August. HSN’s stock has fallen more than 80% since then.

Partner Content

3 Critical Components to Achieving the Perfect Order - NetSuite
Explore the 3 critical components to delivering the perfect order.
Streamlining Unified Commerce Complexity - NetSuite
Explore how consolidating multiple systems through a cloud-based commerce platform provides a seamless experience for both you, and your customer.
Build the Foundation for Great Customer Experiences - NetSuite
Understand how consistent, timely, relevant and personalized experiences are enabled by having the right technology foundation in place.
Strategies for Maximizing Mobile Point-of-Sale Technology - NetSuite
Learn the top five innovative ways to utilize your mobile POS technology to drive customer engagement, increase sales and elevate your brand.