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Mindy Grossman

Mindy Grossman, CEO of HSN, Inc. (NASDAQ: HSNI) oversees a $3.2 billion direct-to-consumer retail portfolio which includes the HSN and Cornerstone businesses. HSN is a leading interactive multichannel retailer that offers a curated assortment of exclusive products and top brand names. Cornerstone is a multichannel retailer of lifestyle brands including Frontgate, Garnet Hill and Ballard Designs.

Since 2006, Ms. Grossman has led the transformation of HSN into a lifestyle network, diversifying its portfolio of brands and personalities and fusing relationships between the entertainment and retail communities. Ms. Grossman has evolved the traditional TV network into a multiplatform business and today, HSN.com is a top-ten most trafficked e-commerce site, with digital accounting for more than 35% of HSN's total revenues. Ms. Grossman has led HSN's expansion into mobile, which includes the development of applications for the iPhone, Android, and iPad. In 2011, she oversaw the launch of the first interactive gaming and shopping portal, HSN Arcade.

Prior to taking HSNi public in 2008, Ms. Grossman had been Chief Executive Officer of IAC Retailing, a division of Interactive Corporation, primarily comprised of the HSN and Cornerstone brands.

A 35-year veteran of the retail industry, Ms. Grossman previously served as a corporate officer and Global Vice President of Nike, Inc., and led Nike’s $4 billion apparel business from 2000 to 2006. Prior to that, she launched and was President and CEO of Polo Jeans Company from 1995 to 2000. She also held senior positions at Ralph Lauren and Tommy Hilfiger.

In 2012, Forbes magazine named Ms. Grossman one of the world’s 100 most powerful women, an honor she has received three times. In 2011, she was named Corporate Innovator of the Year at the Ernst & Young Entrepreneur of the Year® Florida Awards, and was recognized as one of Fast Company's Top 100 Most Creative People in Business. In both 2010 and 2011, Ms. Grossman was ranked by the Financial Times as one of the top 50 women in world business. She serves on the Board of Directors of the National Retail Federation, Bloomin’ Brands and U.S. Fund for UNICEF.

September 2012

Annual Report

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