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This is the one residence purchasing web site in India that equally caters to the huge customer base by means of tv, online and digital medium. In what seemed to many to be an inevitable merger, The Residence Purchasing Network (HSN), based in St. Petersburg, Florida, has sold itself to its essential competitor, Liberty Interactive , which owns QVC. Is a specialty retailer of shopper products.

Both QVC, which is particularly depending on girls’s clothing, and HSN, which sells extra electronics and operates the Cornerstone group of retail manufacturers, have recently faced weak sales and have minimize jobs because the three QVC and two HSN channels faced stiff competitors , particularly from the retailing juggernaut of Amazon. Facing mounting strain from Amazon and other online retailers, TV buying giant QVC has purchased out is major rival, House Shopping Network.home shopping network

Liberty Interactive Corp., which owns QVC already owned 38 {d509064c8cef9449cb9be3130760fdfff6d32229fa31c74190a40edec4bed575} of HSN. Both HSN and QVC declined to be interviewed for this article, citing the pending regulatory and shareholder approval for the deal, which is anticipated to shut sometime in the fourth quarter. He also famous the companies’ social media presence and rising e-commerce gross sales, with about $7.5 billion, and $four.7 billion in gross sales from mobile units.