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November 17 , 2021 ¡ MEDIA BRANDS iMedia Brands Reports Third Quarter 2021 Results , Increases 2021 Guidance MINNEAPOLIS , Nov. 17 , 2021 ( GLOBE NEWSWIRE ) -- iMedia Brands , Inc. ( the " Company " or " IMBI " ) ( NASDAQ : IMBI ) today announced results for the third quarter ended October 30 , 2021 . " Our mission is to capitalize on the accelerating marketplace convergence of entertainment , ecommerce and advertising , " said Tim Peterman , CEO of IMBI . " Our strong third quarter performance and the successful closing of our 123tv acquisition are tangible examples that our progress continues . " Third Quarter 2021 Summary & Recent Highlights • Net sales were $ 130.7 million , an increase of 20 % compared to the same prior - year period and the best year - over - year quarterly revenue growth in over ten years . During the quarter , the Company launched 25+ new brands across its television networks ShopHQ , ShopBulldog TV and ShopHQHealth . Year - to - date net sales were $ 357.3 million , which was 8 % growth compared to the same prior year period and represent the strongest year - over - year net sales growth in the Company's first three fiscal quarters in eight years . This success was driven primarily by the 90+ new merchandise brand launches occurring year - to - date plus the accretive impact of the Christopher & Banks and iMDS net sales . • Our 12 - month rolling active customers grew by 20 % compared to same prior - year period , driven by 65 % growth in new customers which was the best new customer growth in over ten years . • Gross margin was 41.6 % , a 420 - basis point improvement over the same prior - year period . Year - to - date gross margin was 41.5 % , a 430 - basis point improvement over the same prior - year period . • Net loss attributable to stockholders was $ ( 9.5 ) million , a $ 4.7 million increase over the same prior - year period , largely driven by $ 4.5 million in one - time transaction and transition costs and $ 713,000 in interest costs relating to the bond offering in the third