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.
This Back-to-School season, a report from Zulily highlights how kids are influencing shopping decisions, emphasizing personalization in fashion. Survey results show that 99% of parents believe involving children in purchases is important. Key trends include kids expressing confidence through style, personalizing outfits, and drawing inspiration from retro fashion. Zulily also introduced the #UniquelyZu Contest for kids to design their fashion line, with winners receiving prizes and a chance to collaborate on a collection. The Back-to-School Shop is live until September 15, 2021, featuring a wide array of customizable outfits.
On June 21, 2021, Zulily unveiled its inaugural Home Trend Report, centered on insights from a survey of 1,000 moms. The report introduces the Head & Home Space Quotient, exploring how home design can enhance productivity, mindfulness, and togetherness. Key findings reveal that 68% of moms experience 'junk drawer jitters,' with 32% reporting decreased organization at home. The report emphasizes the importance of creating serene spaces and outdoor areas for social gatherings. Zulily aims to help moms reclaim their homes through effective and appealing design solutions.
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Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) has announced a regular quarterly cash dividend of $2.00 per share for its 8.0% Series A Cumulative Redeemable Preferred Stock. This dividend is payable on June 15, 2021, to stockholders of record as of June 1, 2021. The company operates across various digital commerce sectors, managing brands such as QVC, HSN, and Zulily, while also investing in green energy.
Qurate Retail announced the payment of a semi-annual interest payment and an additional distribution to holders of its 4.0% Senior Exchangeable Debentures due 2029. The interest payment amounts to $20.00 per $1,000 principal, with an additional distribution of $0.3930 per Debenture. These payments will be made on May 17, 2021, to holders as of May 1, 2021. The semi-annual payment reflects an annualized yield of 4.0%. The adjusted principal amount of Debentures will see a slight reduction but remains unaffected in terms of interest payment amounts.
Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) will hold its virtual Annual Meeting of Stockholders on May 25, 2021, at 8:15 a.m. M.T. Those eligible to participate must be stockholders of record as of March 31, 2021. Attendees can listen, vote, and submit questions via www.virtualshareholdermeeting.com/QRI2021. After the meeting, executives, including John Malone and Greg Maffei, will engage in a Q&A session regarding the company's financial performance and outlook. Questions must be submitted by May 18, 2021.
Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) reported a strong first quarter of 2021, with revenue increasing by 14% to $3.3 billion. eCommerce revenue rose 19%, making up 61% of total revenue. Diluted EPS for the quarter was $0.49, with adjusted diluted EPS up 78% to $0.48. QVC International revenue jumped 22%, and Cornerstone revenue soared 41%. The company also repurchased 5 million shares during the quarter, signaling confidence in its long-term prospects.
Absorbits is set to launch its product line on HSN on May 9, 2021, after being selected in QVC and HSN's The Big Find® search for innovative products. The product range includes reusable moisture removal bags designed for electronics and valuables, catering to a broad audience across QVC and HSN's platforms which reach over 90 million homes in the U.S. The founder, Elliot Harris, emphasizes the reliability of Absorbits for drying out items exposed to moisture.
Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) announced that Executive Chairman Greg Maffei will present at the MoffettNathanson Media & Communications Virtual Summit on May 12th at 2:00 p.m. E.D.T. During the presentation, he is expected to discuss the company's financial performance and outlook, along with other forward-looking matters. The event will be broadcast live on the Qurate Retail website, where an archive will be available for 180 days post-event following SEC filings.
Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) will host a conference call on May 7, 2021, at 8:30 a.m. E.D.T. to discuss its first-quarter 2021 results. A press release will precede the call, detailing financial performance and outlook. Interested parties can join the live broadcast on Qurate's website. The call will be archived for later access. Qurate Retail operates a diverse portfolio in digital commerce, including QVC, Zulily, and Cornerstone Brands.