iMedia Brands Inc (IMBI)
NASDAQ (NMS) NASDAQ (NMS) Primary Summary
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iMedia Brands Inc Profile
| Diversified Consumer Services Industry | Consumer Discretionary Sector | Timothy A. Peterman CPA CEO | NASDAQ (NMS) Exchange | 452465206 CUSIP |
| US Country | 907 Employees | - Last Dividend | 12 Dec 2019 Last Split | - IPO Date |
Overview
Legacy IMBDS, Inc., originally known as iMedia Brands, Inc., is an interactive media company extending its operations across the United States and internationally, segmented into Entertainment, Consumer Brands, and Media Commerce Services. Based in Eden Prairie, Minnesota, the company was founded in 1990 and has made a significant mark in the media and retail industry with its diverse range of television networks, online marketplaces, and branded products. In a significant corporate move, the company rebranded to Legacy IMBDS, Inc. in September 2023. However, encountering financial difficulties, Legacy IMBDS, Inc. filed for Chapter 11 bankruptcy on June 28, 2023, with the U.S. Bankruptcy Court for the District of Delaware. This proceeding was later transformed into a Chapter 11 liquidation plan approved on February 21, 2024, marking a pivotal moment in the company's operations and financial restructuring.
Products and Services
- Television Networks:
Legacy IMBDS, Inc. operates several TV networks including ShopHQ, offering a variety of products from jewelry to fashion accessories; ShopBulldogTV, focusing on male-oriented merchandise; ShopHQHealth, dedicated to health and wellness products; ShopJewelryHQ, specializing in jewelry; and 1-2-3.tv, a retailing marketplace featuring live and automated auctions.
- Brand Retailing:
Under its Consumer Brands segment, the company sells women's apparel and accessories through the Christopher & Banks brand, men and women accessories via the J.W. Hulme brand, and Shaq kitchen products and watches, reflecting its diversity in product offerings.
- Online Marketplaces:
OurGalleria.com and TheCloseout.com are operated by Legacy IMBDS, Inc. to offer discounted merchandise, allowing consumers to access a variety of products at reduced prices.
- Retail Media Exchange:
This is an advertising auction platform designed for a wide range of users including advertisers, digital publishers, and various platforms on both the supply and demand sides, aiming to optimize media buying and selling process.
- Value-Added Services:
The company offers a comprehensive suite of services including Float Left, a SaaS OTT app platform tailored for media and consumer brands; and i3PL, a service that specializes in ecommerce customer experience and fulfillment, providing an end-to-end, white label, managed service solution.
