Internet and Catalog Retail
Company Overview of Cornerstone Brands, Inc.
Cornerstone Brands, Inc. offers catalog products for home, leisure, and casual apparels. The company’s product line ranges from nail clippers, tee-shirts, and silk dresses to armoires, pool floats, gourmet grills, and decorative accent products. It offers products through retail catalog and Internet. The company was founded in 1995 and is headquartered in West Chester, Ohio. Cornerstone Brands, Inc. operates as a subsidiary of Cornerstone Services. Inc.
5568 West Chester Road
West Chester, OH 45069
Founded in 1995
Key Executives for Cornerstone Brands, Inc.
Vice President of Finance
Executive Officer, Director and President of Cinmar
President of Cornerstone Consolidated Services Group Inc
Compensation as of Fiscal Year 2015.
Cornerstone Brands, Inc. Key Developments
Cornerstone Brands Names Jeffrey Kuster as President
Jan 18 15
Cornerstone Brands announced that Jeffrey Kuster has been named president of Cornerstone and executive officer of HSNi. In his new role as president of Cornerstone Brands, Kuster will assume responsibility for HSNi's portfolio of home and apparel lifestyle brands that include Frontgate, Ballard Designs, Garnet Hill, Grandin Road, Chasing Fireflies, Improvements, and TravelSmith.
Cornerstone Brands, Inc. Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014
Aug 7 14
Cornerstone Brands, Inc. announced unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, net sales were $298.7 million compared to $286.4 million for the same period a year ago, increased 4%. Sales grew in the home brands, partially offset by lower sales in the apparel brands. Digital sales grew 6% with penetration increasing 130 basis points to 64.2%. Adjusted EBITDA was $19.4 million compared to $28.0 million for the same period a year ago. Operating income was $15.3 million compared to $24.3 million in the prior year. Return rate was 12.2% compared to 12.6% a year ago.
For the six months, the company reported net sales of $531.6 million compared to $508.9 million a year ago. Adjusted EBITDA was $20.1 million compared to $35.9 million a year ago. Operating income was $8.6 million compared to $28.2 million for the same period a year ago. Return rate was 12.9% compared to 13.1% a year ago.
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