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.
Qurate Retail announced that Greg Maffei, Executive Chairman, will present at the Morgan Stanley Technology, Media and Telecom Conference on March 1 at 4:15 p.m. E.S.T. His presentation may cover the company's financial performance and future outlook. Interested individuals can watch the live broadcast on the Qurate Retail website, with an archive available for 180 days post-event. Qurate Retail, operating various digital commerce businesses, includes entities like QVC and Zulily.
Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) has announced a cash dividend of $2.00 per share for its 8.0% Series A Cumulative Redeemable Preferred Stock. This dividend is payable on March 15, 2021 to stockholders of record as of March 1, 2021. Qurate Retail operates a diverse range of digital commerce businesses, including QVC and Zulily, among others, and holds interests in renewable energy.
Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) has announced the payment of a semi-annual interest payment of $18.75 per $1,000 principal for its 3.75% Senior Exchangeable Debentures due 2030, along with a regular additional distribution of $0.28730 per Debenture. These payments are scheduled for February 16, 2021, for holders of record as of February 1, 2021. The adjusted principal amount of the Debentures will not affect the interest payments. This is the first additional distribution since an Extraordinary Additional Distribution was made in 2013.
HSN, a leading video commerce retailer, is set to launch its inaugural Discovery Days event from February 19, 2021, offering discounts of up to 30% on national and private label brands. The 10-day event will feature popular items, including the Dyson Cyclone V10 Vacuum and Nutribullet Pro Blender, with special promotions like free shipping on February 20. The event also highlights a new beauty show, Shades of Beautiful, focusing on inclusive brands. Customers can enjoy additional savings through Flex Pay and HSN Credit Card perks.
Qurate Retail Group, through QVC and HSN, will introduce over 90 emerging brands in 2021, focusing on diversity with two-thirds being women-owned or minority-owned. This initiative, part of 'The Big Find', aims to showcase entrepreneurs through livestream shopping, responding to consumer demand especially in home décor and culinary categories during the pandemic. Launches include brands like Pili Ani and 54 Thrones by March. QVC and HSN continue to engage millions worldwide, fostering growth for new brands through mentorship and expanded market reach.
Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) will release its fourth-quarter 2020 results on February 25 at the market close, followed by a conference call on February 26 at 8:30 a.m. (E.S.T.). CEO Mike George and Executive Chairman Greg Maffei will host the call, discussing the company's financial performance and outlook. Interested parties can join the live call by calling GlobalMeet or through the Qurate Retail website. The call will be archived for one year following the appropriate SEC filings.
QVC has launched on YouTube TV, enhancing its accessibility to a broader audience with over 3 million subscribers. This move marks QVC as the only livestream shopping channel on the platform, now available on multiple subscription services with a total of more than 8 million subscribers. QVC aims to attract new customers while retaining current viewers. The collaboration is part of a strategic plan to expand QVC's presence across various media platforms, reaching approximately 380 million homes worldwide. This launch supports QVC's unique video commerce experience.
Soulgani Active, led by CEO Christina Sparks, will launch its Bali-inspired activewear collection on QVC on January 25, 2021, at 8 PM EST. This follows their success in QVC and HSN's The Big Find product search, highlighting innovative new products. The collection features wicking leggings, low-impact sports bras, and tops inspired by Bali, with a commitment to donate 5 meals to Feeding America for each item sold. Soulgani aims to empower women through its designs while supporting charitable causes.
Qurate Retail Group announces the expansion of the Small Business Spotlight initiative in partnership with the NRF Foundation to support 100 entrepreneurs from diverse backgrounds in 2021. Selected businesses will gain on-air and digital exposure via QVC, HSN, and Zulily, along with pro-bono services. Applications are open until February 26, with eligibility criteria including 100 or fewer employees and diverse ownership. The program, initially launched in May 2020, previously helped small businesses increase sales and customer reach significantly.
Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) announced a semi-annual interest payment and excess regular cash dividend distribution for holders of its 3.5% Senior Exchangeable Debentures due 2031. Shareholders will receive $17.50 per $1,000 principal amount, plus an additional $4.1552 per Debenture linked to quarterly dividends from Motorola Solutions Inc. Payments are due on January 15, 2021, for record holders as of January 1, 2021. Adjustments made to the Debentures' principal do not affect the interest payments, which remain at 3.5% per annum.