Welcome to our dedicated page for Qurate Retail news (Ticker: QRTEA), a resource for investors and traders seeking the latest updates and insights on Qurate Retail stock.
Qurate Retail, Inc. (Nasdaq: QRTEA) generates a steady flow of corporate and brand-related news tied to its role in electronic shopping and video commerce. As the parent of QVC, HSN, Ballard Designs, Frontgate, Garnet Hill and Grandin Road, the company issues announcements that cover financial performance, strategic initiatives and developments across its portfolio.
Investors following QRTEA news can expect regular earnings releases and conference call announcements, where Qurate Retail discusses segment results for QxH, QVC International and Cornerstone, as well as metrics such as revenue trends, operating income and Adjusted OIBDA. The company also reports on capital structure actions, including note tenders, new senior secured note issuances and updates on leverage ratios and debt covenants.
Qurate Retail’s news flow also includes dividend declarations on its 8.0% Series A Cumulative Redeemable Preferred Stock, specifying quarterly cash dividend amounts and key record and payment dates. Listing and compliance updates, such as the transfer of its securities to the Nasdaq Capital Market and communications related to minimum bid price requirements, are disclosed through formal press releases.
From an operational and strategic perspective, Qurate Retail and Qurate Retail Group announce growth strategies and brand initiatives, including plans to focus on live social shopping and the intention to rebrand Qurate Retail Group as "QVC Group." Brand-level releases from QVC highlight new product collections, partnerships with designers and experts, and expansions of beauty, wellness and home assortments that operate under the Qurate umbrella.
This news page for QRTEA brings together these types of updates, allowing readers to review corporate announcements, portfolio brand news and capital markets disclosures in one place and to track how Qurate Retail communicates its strategy and performance over time.
QVC has launched a holiday fundraising initiative with Meals on Wheels America and No Kid Hungry, aiming to combat hunger among vulnerable populations, including children and seniors. From now until December 24, for every select item purchased, QVC will donate $1, with a total goal of raising $350,000 to provide over 1.7 million meals. Customers can also donate directly to these organizations through QVC's platform. This effort follows a successful campaign in 2020 that raised $2.6 million for the charities.
HSN has launched a new fragrance, Love Memoir, by supermodel Iman, inspired by her romance with David Bowie. This exclusive scent features notes of rose, vanilla, bergamot, vetiver, and blackcurrant, reflecting the couple's enduring love. The fragrance will be available on HSN.com and introduced through livestreaming on November 19, 2021. The signature bottle design symbolizes unity and strength, inspired by the couple's memories. Developed in partnership with Batallure Beauty, the fragrance marks Iman's first entry into this market.
Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) has announced key dates for its upcoming special cash dividend for Series A and B common stockholders. Key dates include November 11, 2021, as the last day to purchase shares for the dividend, November 12, 2021, as the ex-dividend date, and November 15, 2021, as the record date. The payment date for the special cash dividend is set for November 22, 2021. This announcement does not pertain to the previously declared regular quarterly cash dividend for its 8.0% Series A Cumulative Redeemable Preferred Stock.
Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) has announced a quarterly cash dividend of $2.00 per share for its 8.0% Series A Cumulative Redeemable Preferred Stock. This dividend will be payable on December 15, 2021, to stockholders of record as of November 30, 2021. Qurate Retail operates a portfolio of leading retail brands and is prominent in video commerce and e-commerce in North America, reaching approximately 218 million homes globally through multiple platforms.
Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) announced a $1.25 special cash dividend per common share, totaling approximately $495 million. The company reported a 7% revenue decline to $3.1 billion in Q3 2021 compared to the previous year, with diluted EPS at $0.31 and adjusted EPS at $0.30. Revenue from QxH decreased 8%, Zulily 17%, while Cornerstone grew 7%. Operating income fell 33% to $274 million, affected by supply chain issues and cost inflation.
Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) announced a special cash dividend of $1.25 per common share, totaling approximately $495 million, based on shares outstanding as of October 31, 2021. The dividend will be paid on November 22, 2021, to stockholders of record as of November 15, 2021. Further details regarding the ex-dividend date will be provided in a future press release.
QVC and HSN are hosting a 49-hour livestream shopping event called "Shop With Us Live" from November 6-7, featuring over 200 hours of interactive shopping content. The event will showcase various celebrities, including Whoopi Goldberg and Dolly Parton, offering holiday deals and promotions on popular brands. Shoppers can access the livestream across multiple platforms, including social media and streaming services. All orders will arrive by December 24, featuring an Under the Tree Guarantee. The event aims to engage millions of shoppers during the holiday season.
Zulily, an online retailer, is partnering with Toys for Tots this holiday season. From November 1 to November 30, 2021, for every order including two or more items from Zulily's Santa's Workshop, the company will donate $1 to Toys for Tots. This initiative aims to provide toys to less fortunate children, aligning with Zulily's commitment to community support. Zulily highlights its role as a major toy seller, having sold tens of millions of toys since 2010, and encourages early holiday shopping among moms, who often plan ahead for gifts.
QVC, Inc. announced the refinancing of its senior secured credit facility with a new $3.25 billion multi-currency revolving facility on October 27, 2021. This new arrangement replaces the previous $2.95 billion credit facility and includes a reduced interest rate based on the consolidated debt-to-EBITDA ratio. The facility matures on October 27, 2026 and is secured by the equity of QVC and its wholly owned subsidiaries, including Zulily and Cornerstone Brands.
Qurate Retail, Inc. will hold a conference call on November 4th at 8:30 a.m. (E.D.T.) to discuss its third-quarter 2021 results. The earnings press release will be available before market open on the same day. Participants can access the call by dialing 800-289-0571 or +1-323-794-2093 with passcode 5872354. The call will also be broadcast live online, and links to the press release and call replays will be accessible on the Qurate Retail website. The company is a leader in video commerce and holds several renowned retail brands.