HSN, Inc. (HSNi) is an interactive multi-channel retailer offering retail experiences on television (TV), online, in catalogs and in retail and outlet stores through its two operating segments, HSN and Cornerstone. HSN is a retailer and interactive lifestyle network offering an assortment of products through television home shopping programming on the HSN television network and through its business-to-consumer Internet commerce site HSN.com. Cornerstone comprises home and lifestyle brands, including Frontgate, Ballard Designs, Garnet Hill, Smith+Noble, The Territory Ahead, TravelSmith and Improvements. Cornerstone distributes over 200 million catalogs annually, operates seven separate Internet sites, and operates 23 retail and outlet stores. HSNi markets and sells a range of third party and private label merchandise directly to consumers through HSN, as well as through Cornerstone's portfolio of catalogs and related Websites.