SOURCE: ShopNBC

ShopNBC

April 06, 2011 09:01 ET

ValueVision Media Appoints Multichannel Retailing Veteran Annette Repasch as Vice President Soft Lines

MINNEAPOLIS, MN--(Marketwire - April 6, 2011) -  ValueVision Media, Inc. (NASDAQ: VVTV), a premium interactive retailer via TV, Internet and mobile operating under the "ShopNBC" brand, announced today the appointment of multichannel retail veteran Annette Repasch, as Vice President of Soft Lines, effective May 2. She will report directly to Bob Ayd, President of ShopNBC.

In this new role, Ms. Repasch will oversee merchandising strategy and product development for the categories of Jewelry & Watches, Health & Beauty, and Fashion & Accessories.

A retail executive with over 25 years of experience including seven years at QVC, Ms. Repasch joins ShopNBC from Stages Stores, Inc., where she served as Senior Vice President and General Merchandise Manager (GMM), overseeing $800 million in ladies apparel sales. Previously, she was Vice President and GMM of Apparel & Accessories at QVC (U.S.) where she oversaw a $1.3 billion apparel & accessories business, achieving double digit improvements in sales and profitability each year. Ms. Repasch has also held senior merchandising roles in both Specialty and Department stores (Saks Inc., Lane Bryant and Bon-Ton).

Ms. Repasch has extensive experience in driving growth in apparel, footwear, cosmetics and accessories businesses. She is also accomplished in brand building with a strong customer focus and proven track record in developing and marketing profitable product lines. Ms. Repasch has core competencies in product development, new business development, organizational and P&L operations management, forecasting and reporting, and merchandise production planning. 

"Annette is an outstanding merchandising executive with extensive experience and a proven track record of delivering results both strategically and creatively," said Mr. Ayd, President of ShopNBC. "She has tremendous passion for our industry and for the customer. I've had the pleasure of working with her in the past, and now look forward to her contributions in driving the business and as a valued addition to our leadership team."

Ms. Repasch commented, "The opportunity to return to multichannel retail and join the impressive team at ValueVision was just an offer I could not refuse, particularly given the game-changing potential of Internet and mobile shopping. ShopNBC has executed a remarkable operational and financial turnaround the past two years. I couldn't be more excited to join Bob, Keith and the whole team as they turn their full focus to merchandising strategies to drive long term growth across their TV, Internet and mobile platforms."

In accordance with the NASDAQ Marketplace Rule 4350, Ms. Repasch is being granted inducement stock options as of her first day of employment with the Company, covering the right to purchase 100,000 shares of the Company's common stock. The options will have an exercise price equal to the closing price of the Company's common stock on the date of the grant.

About ValueVision Media/ShopNBC
ValueVision Media, Inc. (NASDAQ: VVTV) is a premium interactive retailer bringing high-quality merchandise to customers via TV, Internet and mobile, under the "ShopNBC" brand. At the end of fiscal year 2010, the ShopNBC television network reached over 78 million homes via cable and satellite and is streamed live at www.ShopNBC.com. Over 1.1 million active customers have utilized ShopNBC in the categories of Home & Electronics, Health & Beauty, Fashion & Accessories, and Jewelry & Watches, yielding revenues in excess of $560 million (over $230 million or 41.2% of which are Internet-based). Via the Company's "ShopNBC Anywhere" initiative, customers can interact and shop via TV, phone, mobile devices and online at www.ShopNBC.com and via Facebook, Twitter and YouTube.

Contact Information

  • Contact Information:
    Investor/Media Relations

    Anthony Giombetti
    agiombetti@shopnbc.com
    612-308-1190

    Investor Relations
    Norberto Aja & David Collins
    vvtv@jcir.com
    212-835-8500