Exhibit 12.1

HSN, Inc.

Computation of Ratio of Earnings to Fixed Charges



|                                                                               |  |                               |         |  |      |   |         |      |  |   |            |   |  |      |         |  |  |   |         | 
|------------------------------------------------------------------------------ |  | ----------------------------- | ------- |  | ---- | - | ------- | ---- |  | - | ---------- | - |  | ---- | ------- |  |  | - | ------- | 
|                                                                               |  | Year Ended December 31,       |        
|                                                                               |  | 2010                          |         |  | 2009 |   |         | 2008 |  |   | 2007       |   |  | 2006 |        
|                                                                               |  | (unaudited)                   |        
|                                                                               |  | (In thousands, except ratios) |        
|Income (loss) from continuing operations before income taxes                   |  | $                             | 163,603 |  |      | $ | 120,714 |      |  | $ | (3,118,251 | ) |  | $    | 169,787 |  |  | $ | 212,742 | 
|Fixed charges:                                                                 |  |                               |         |  |      |   |         |      |  |   |            |   |  |      |         |  |  |   |         | 
|Interest expense (a)                                                           |  |                               | 33,085  |  |      |   | 35,283  |      |  |   | 16,420     |   |  |      |        |  |  |   |        | 
|Estimated interest portion of rental expense                                   |  |                               | 8,151   |  |      |   | 8,283   |      |  |   | 8,382      |   |  |      | 9,669   |  |  |   | 9,471   | 
|                                                                               |  |                               |         |  |      |   |         |      |  |   |            |   |  |      |         |  |  |   |         | 
|Total fixed charges                                                            |  |                               | 41,236  |  |      |   | 43,566  |      |  |   | 24,802     |   |  |      | 9,669   |  |  |   | 9,471   | 
|Income (loss) from continuing operations before income taxes and fixed charges |  |                               | 204,839 |  |      |   | 164,280 |      |  |   | (3,093,449 | ) |  |      | 179,456 |  |  |   | 222,213 | 
|Ratio of earnings to fixed charges                                             |  |                               | 4.97    |  |      |   | 3.77    |      |  |   | (b         | ) |  |      | 18.56   |  |  |   | 23.46   | 



|Note: | The Ratio of Earnings to Fixed Charges should be read in conjunction with the Consolidated Financial Statements and Managements Discussion and Analysis of
Financial Condition and Results of Operations in this Form 10-K.
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|(a) | Includes interest on debt and amortization of debt issuance costs. Excludes interest income and interest associated with unrecognized tax benefit liabilities, which is
recorded within income tax expense.
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|(b) | Income for the year ended December 31, 2008 was inadequate to cover fixed charges. Additional income of $3.1 billion would have been necessary to bring the
respective ratio to 1.0.
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