On 10/27/2010, I included an article by Reuters describing how Mindy Grossman of HSNI went on the offensive in developing sales instead of only playing defense and cutting cost during the midst of a vicious recession. Original Article On 10/27/2010, the stock price of HSNI was 29.89. One year, 3 months and an economic recession later, HSNI's stock is trading at 36.23, a 21.2% increase. What's more impressive is that this television retailer, cable channel 11 where I am, accomplished this during a period of economic contraction. Widening its product line, signing more celebrities, and providing shoppers with free TV concerts were but a few of the success stories. What's next? A weekly entertainment magazine for TV shoppers placed right next to People Magazine at the grocery store :-))? Suffice it to say, it's been a solid run.
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