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Shop At Home to shut down!!!!!
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Trouble is brewing for the home shopping industry from what I understand.
I've also read that SNBC was having problems of its own and may be sold in the not so distant future.
I'm even losing an AD as Alpha Omega Jewelers has declared bankruptcy and the inventory is up for bid!
Buy now before it's too late!
I've also read that SNBC was having problems of its own and may be sold in the not so distant future.
I'm even losing an AD as Alpha Omega Jewelers has declared bankruptcy and the inventory is up for bid!
Buy now before it's too late!
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I did not see this Coming!!! I actually thought with all of the new brands they were bringing in that they would be around awhile.
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Not to make light of the situation as I also sympathize with those who came out on the losing end but it's also going to affect all of those little known watch brands that seem to pop up only on TV shopping networks.
Look for a lot more Brand X automatics on that auction site soon!!
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This maybe why 32 degrees has shown up on that other show? John House has usually been on SAH exclusively in the past.
I didn't mean it as a swipe at you Grady, and I appreciated the info. I have an "incoming" program, that alerted highly to articlefinder, and just wanted to let everyone know.
As an aside, isn't there another forum that uses SAH as a major sponsor? I wonder how they will fare.
As an aside, isn't there another forum that uses SAH as a major sponsor? I wonder how they will fare.
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I'm fearful that long term, these watch shop from home operations will be troubled. A couple of reasons....
1. Movement shortage. Yes, new producers are stepping up but
supply is tight and prices are rising. This squeezes profit and supply.
2. Returns. How many people got a watch that was obviously a return and might have had a ding or was marked up?
3. Brands are seeking different representation. I'm seeing Invicta at Tourneau Watch Shop, Costco, and department stores now. Other brands are making that more too I suspect.
The websites will probably remain, but the TV side of things will probably focus on higher margin items like clothing.
1. Movement shortage. Yes, new producers are stepping up but
supply is tight and prices are rising. This squeezes profit and supply.
2. Returns. How many people got a watch that was obviously a return and might have had a ding or was marked up?
3. Brands are seeking different representation. I'm seeing Invicta at Tourneau Watch Shop, Costco, and department stores now. Other brands are making that more too I suspect.
The websites will probably remain, but the TV side of things will probably focus on higher margin items like clothing.
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2,251 Posts
Uh, Grady, that story says it will shut down June 22 ... of 2006:confused1:
Here's a release as a follow up to that. I searched MSNBC for the story and couldn't find it.
Scripps sells Shop At Home TV stations
(NYSE: SSP)For immediate release
Tue, September 26, 2006
CINCINNATI – The E. W. Scripps Company has reached an agreement to sell the five Shop At Home-affiliated broadcast television stations it owns to Multicultural Television Broadcasting LLC for $170 million.
Multicultural Television, based in New York City, is acquiring WMFP-TV in Boston; WOAC-TV in Cleveland; WRAY-TV in Raleigh-Durham, N.C.; WSAH-TV in Bridgeport, Conn.; and KCNS-TV in San Francisco. The transaction is expected to be completed over the next nine months pending license transfers and other approvals by the Federal Communications Commission.
The sale of the television stations follows the decision by Scripps earlier this year to divest Shop At Home. In June, Scripps sold the Shop At Home television network, including its Nashville studios and other assets, to Jewelry Television for $17 million.
Multicultural Television Broadcasting is a newly formed limited liability company created by Multicultural Radio Broadcasting Inc, a leading multi-ethnic media company with radio stations, cable and satellite television operations, and printed publications serving consumers in more than 22 languages.
The E. W. Scripps Company (NYSE: SSP) is a diverse and growing media enterprise with interests in national cable networks, newspaper publishing, broadcast television stations, electronic commerce, interactive media, and licensing and syndication.
The company’s portfolio of media properties includes: Scripps Networks, with such brands as HGTV, Food Network, DIY Network, Fine Living and Great American Country; daily and community newspapers in 18 markets and the Washington-based Scripps Media Center, home to the Scripps Howard News Service; 10 broadcast TV stations, including six ABC-affiliated stations, three NBC affiliates and one independent; leading online search and comparison shopping services, Shopzilla and uSwitch; and United Media, a leading worldwide licensing and syndication company that is the home of PEANUTS, DILBERT and approximately 150 other features and comics.
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:confused1:No sponsors = No Forum for your little man to dance around in.
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927 Posts
These shopping channels sell alot more products than just watches, and the general economic downturn the country is experiencing is negatively effecting most retail segments. It seems that ShopAtHome will continue their website operations, and their link to their parent JewelryTV (or whatever it's called) may still provide them a potential to sell watches, etc. on TV. How this all washes out remains to be seen.
I feel for my fellow Nashvillians who will be losing their jobs over this, and I am worried about our economy as a whole.
I feel for my fellow Nashvillians who will be losing their jobs over this, and I am worried about our economy as a whole.
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I'm all for supporting our sponsors and ADs. However, I enjoy the watch shows simply for the entertainment, so in that respect, yes, I do care.
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