EVINE Live Appoints New CMO
May 23 2016 - 11:00AM
EVINE Live Inc. (NASDAQ:EVLV), an omnichannel retail experience
(evine.com), today announced the appointment of Michael Henry as
Senior Vice President and Chief Merchandising Officer. Henry comes
to EVINE Live with extensive TV retail experience, previously
holding senior level merchandising positions at Eastern Home
Shopping, QVC Italy and HSN.
"I could not be more thrilled to announce the addition of
Michael to our leadership team," said Bob Rosenblatt, Chairman and
Interim CEO at EVINE Live. "His background in retail, and
especially his 10 years spent in home shopping, will be a great
asset for our organization. Michael has spent over three decades
building brands and driving profitability and sales for the
companies he’s worked for, and I’m excited for him to do the same
at EVINE Live. I look forward to the focus he will bring on
furthering our company strategies of expanding our product
assortment and proprietary brands.”
“I am delighted to be joining the team at EVINE Live as we look
to expand the product assortment to appeal to a growing customer
base,” said Henry.
Henry joins EVINE Live after serving as Chief Merchandising
Officer at Eastern Home Shopping in Taiwan. Previous to that, he
spent three years at QVC Italy as the Merchandising, Planning and
Programming Director where he was a member of the leadership team
that established QVC as the #1 shopping channel in the Italian
market. Henry also served as Senior Vice President of Beauty at HSN
for eight years. In addition to his merchandising experience, Henry
also held multiple senior marketing roles at brands including
Lancôme, Inc., Yves Saint Laurent Beaute and Elizabeth Arden. He
received his MBA from Columbia University.
As Senior Vice President and Chief Merchandising Officer, Henry
will oversee all of EVINE Live’s merchandising operations,
including the development of proprietary and exclusive brands which
are the cornerstone of the Company’s merchandising strategy.
About EVINE Live Inc.EVINE Live Inc.
(NASDAQ:EVLV) is an omnichannel retail experience that offers a
compelling mix of proprietary, exclusive and name brands directly
to consumers in an engaging and informative shopping platform via
television, online and on mobile. EVINE Live reaches approximately
88 million cable and satellite television homes 24 hours a day with
entertaining content and a comprehensive digital shopping
experience.
Please visit www.evine.com/ir for more investor information.
Safe Harbor Statement Under the Private Securities
Litigation Reform Act of 1995
This release may contain certain “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act
of 1995. Such statements may be identified by words such as
anticipate, believe, estimate, expect, intend, predict, hope,
should, plan, will or similar expressions. Any statements contained
herein that are not statements of historical fact may be deemed
forward-looking statements. These statements are based on
management's current expectations and accordingly are subject to
uncertainty and changes in circumstances. Actual results may vary
materially from the expectations contained herein due to various
important factors, including (but not limited to): consumer
preferences, spending and debt levels; the general economic and
credit environment; interest rates; seasonal variations in consumer
purchasing activities; the ability to achieve the most effective
product category mixes to maximize sales and margin objectives;
competitive pressures on sales; pricing and gross sales margins;
the level of cable and satellite distribution for our programming
and the associated fees; our ability to establish and maintain
acceptable commercial terms with third-party vendors and other
third parties with whom we have contractual relationships, and to
successfully manage key vendor relationships and develop key
partnerships and proprietary brands; our ability to manage our
operating expenses successfully and our working capital levels; our
ability to remain compliant with our long-term credit facility
covenants; our ability to successfully transition our brand name
and corporate name; customer acceptance of our new branding
strategy and our repositioning as a digital commerce company; the
market demand for television station sales; changes to our
management and information systems infrastructure; challenges to
our data and information security; changes in governmental or
regulatory requirements; litigation or governmental proceedings
affecting our operations; significant public events that are
difficult to predict, or other significant television-covering
events causing an interruption of television coverage or that
directly compete with the viewership of our programming; our
ability to obtain and retain key executives and employees; our
ability to attract new customers and retain existing customers;
changes in shipping costs; our ability to offer new or innovative
products and customer acceptance of the same; changes in customer
viewing habits or television programming; and the risks identified
under “Risk Factors” in our recently filed Form 10-K and any
additional risk factors identified in our periodic reports since
the date of such Form 10-K. More detailed information about those
factors is set forth in our filings with the Securities and
Exchange Commission, including our annual report on Form 10-K,
quarterly reports on Form 10-Q, and current reports on Form 8-K.
You are cautioned not to place undue reliance on forward-looking
statements, which speak only as of the date of this announcement.
We are under no obligation (and expressly disclaim any such
obligation) to update or alter the Company’s forward-looking
statements whether as a result of new information, future events or
otherwise.
Contacts
Media:
Dawn Zaremba
EVINE Live Inc.
press@evine.com
(952) 943-6043
Investors:
Jason Iannazzo
EVINE Live Inc.
jiannazzo@evine.com
(952) 943-6126
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