ValueVision Media reported net income of $532,000 for its first quarter, down slightly from $609,000 last year.
The television and online shopping marketer reported consolidated net sales of $143 million for the period ended April 30, up 8% from $132.8 million last year.
The Minneapolis firm reported first quarter Internet net sales of $25 million, up 8% over $23 million last year.
“The past few months continued to present a challenging retail environment,” said CEO Gene McCaffery in a statement. “The confluence of a difficult economy, the war in Iraq, and retail sales in general continue to affect consumer confidence and purchase decision making,”
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