Via Internet Retailer
ValueVision Media Inc., which owns and operates ShopNBC.com, posted healthy e-commerce sales in the first quarter, but total sales dropped.
For the quarter ended May 1, ValueVision, No. 89 in the Internet Retailer Top 500 Guide, reported:
Web sales increased 22.8% to $49.5 million from $40.3 in the first quarter of 2009.
Total sales declined 6.6% to $125.0 million from $133.8 million in the first quarter of 2009.
Net loss in the first quarter was $11 million compared with a net loss of $12 million in the prior year.
Average ticket was $108 compared with $144 in the first quarter of 2009.
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