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Minneapolis Star-Tribune: Evine Live shows some progress but still reports a loss

May 26, 2016

Mark Argento, an analyst with Lake Street Capital Markets, noted that Evine Live’s gross margins in the first quarter were the highest they had been in six quarters. “Interim CEO Bob Rosenblatt has demonstrated that he has quickly refocused the company on basic blocking and tackling with strong” first-quarter results, he wrote in a report. “We believe the company is not sacrificing its longer-term rebuilding strategy for short-term gains as Rosenblatt and Co. appear to have struck a balance. While still early, [the first quarter] leaves us feeling optimistic things are getting back on track.”

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