iMedia Brands, Inc.

iMedia Brands, Inc.

IMBIL
iMedia Brands, Inc.US flagNASDAQ Global Market
0.98
USD
-0.23
- -
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Capital Structure

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Working Capital

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Growth Rates

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Quarterly Revenue

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Quarterly Earnings Per Share

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Quarterly Dividends Per Share

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Company Description

APIChatGPT
Full Time Employees
645
Sector
Consumer Cyclical
Industry
Specialty Retail
Address
6740 Shady Oak Road Eden Prairie MN United States of America 55344-3433
IPO Date
Sep 29, 2021
Business
iMedia Brands, Inc. historically operated as a multiplatform interactive video and digital commerce company, offering a wide array of products to consumers through various broadcast, digital, and mobile channels. The company's portfolio encompassed diverse merchandise, including jewelry and watches, home goods and electronics, beauty and wellness items, and fashion and accessories. Known for its flagship network, ShopHQ, which reached millions of homes, the company also engaged with customers through its online platforms. Originally established in 1990 and headquartered in Eden Prairie, Minnesota, the company underwent a name change from EVINE Live Inc. to iMedia Brands, Inc. in July 2019. In June 2023, iMedia Brands, Inc. filed for voluntary Chapter 11 bankruptcy protection. Following this, Nasdaq delisted the company's common stock and senior notes in July 2023. In August 2023, a significant transaction occurred with the sale of substantially all of its operating assets, including the ShopHQ networks and other brands, to IV Media, LLC. A Delaware bankruptcy judge subsequently approved iMedia Brands' liquidation plan in February 2024. Under this plan, common stockholders are not expected to receive distributions, and their shares will be canceled. The ShopHQ network, now under IV Media's ownership, began discontinuing its television operations and closing its Eden Prairie facilities in 2025.