HSN, an operating business of IAC/InterActiveCorp (Nasdaq: IACI), originated the electronic retailing concept in 1977 on a small AM radio station in Florida. The company has since evolved into a global multichannel retailer on TV, where HSN is now the 4th largest cable television network in the U.S.; the Internet, through hsn.com; and catalogs such as Improvements and Home Focus. In 2004, HSN generated worldwide consolidated sales of $2.4 billion, answered 66 million calls and delivered 50 million packages worldwide.
With over 25,000 products just a mouse click away, hsn.com has become a highly successful extension of the TV shopping network HSN. This constantly evolving interactive site provides shoppers with unique features that have attracted growing numbers of customers since its launch in 1999. The HSN Program Guide allows shoppers to plan out their shopping for the day, while the 24 Hour Product Review gives them a chance to catch up on "must have" items they might have missed. Customers can also create the perfect outfit with the help of My Virtual Model, a sizing tool designed to mix and match today's hottest fashions on a personalized virtual model before they arrive at home.