Welcome to our dedicated page for Qurate Retail news (Ticker: QRTEB), a resource for investors and traders seeking the latest updates and insights on Qurate Retail stock.
Qurate Retail, Inc. (NASDAQ: QRTEB) generates a steady flow of corporate and brand-related news tied to its role in video commerce and electronic shopping. As the parent company behind Qurate Retail Group, which includes QVC, HSN, Ballard Designs, Frontgate, Garnet Hill and Grandin Road, its announcements cover both capital markets developments and programming and merchandising updates across its portfolio.
Investors following QRTEB news can expect regular press releases on topics such as quarterly earnings release dates and related conference calls, preferred stock dividend declarations on the 8.0% Series A Cumulative Redeemable Preferred Stock, and changes to the company’s Nasdaq listing status. For example, the company has reported on the transfer of its securities, including QRTEB, from the Nasdaq Global Select Market to the Nasdaq Capital Market in connection with Nasdaq’s minimum bid price requirement.
Beyond corporate disclosures, Qurate Retail Group and its flagship brand QVC frequently announce new content initiatives, live event series and exclusive product launches. Recent examples include live travel and food programming, new beauty and wellness brand debuts, and exclusive home décor and holiday collections created in partnership with entrepreneurs, designers and media personalities. These announcements illustrate how the group uses live and on-demand video content to introduce products and engage shoppers across television, streaming and social platforms.
This news page for QRTEB aggregates such updates so readers can review company-level announcements alongside brand-specific programming and merchandising news connected to Qurate Retail Group. By checking this feed, users can see how Qurate Retail, Inc. communicates with investors and customers about its vCommerce strategy, brand portfolio and capital markets actions over time.
QVC and HSN launched their interactive streaming shopping service on Samsung Smart TVs, providing users with a comprehensive video commerce experience. The QVC+ and HSN+ app combines over 50 hours of live vCommerce content daily with on-demand options, enabling seamless in-app purchases. This initiative expands Qurate Retail Group's digital presence, reaching over 100 million homes across the U.S. The service integrates multiple live channels and original programming, enhancing customer engagement and accessibility.
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HSN announced the launch of The Lacey Chabert Collection, which features exclusive loungewear, including 'Mommy & Me' matching outfits. Inspired by family moments, this collection showcases cozy designs available on HSN.com. Items are priced under $100. Lacey Chabert will promote the collection live on HSN's platforms on September 15 and 16. The collection includes various garments like dresses, pullovers, and lounge jumpsuits, all designed with whimsical prints and luxe comfort. Additional family jammies will be added in October.
HSN has launched its livestream shopping service on YouTube TV, reaching over 5 million subscribers across the U.S. This strategic move expands HSN's vCommerce programming, allowing customers to access a curated assortment of products in beauty, fashion, and more. Notable shows like 'Gotta See G by Giuliana Rancic' have gained over 270,000 views per hour. HSN aims to engage new customers and enhance their shopping experience on this popular platform. This collaboration aligns with HSN's commitment to innovative video shopping solutions.
On September 7, 2022, Qurate Retail Group announced key executive appointments to boost its video commerce and merchandising strategies. Soumya Sriraman, formerly of Amazon, has been named President of Streaming, leading QVC+ and HSN+ initiatives. Stacy Bowe, previously with G-III Apparel Group, becomes Chief Merchandising Officer for QVC US. These roles are part of Qurate's broader strategy to enhance customer engagement and grow its video streaming shopping business, which generated $8.3 billion in revenue in fiscal 2021.
Zulily has launched an exclusive capsule collection of apparel and soft goods for babies and moms, collaborating with influencers Jessica Nickson and Noelle Downing. Available until September 29, the collection features over 170 styles, priced from $8.99 to $46.99. The focus is on versatility and quality, catering to the needs of new moms and their infants. Kiki Lockwood, a merchandising manager at Zulily, emphasizes the authentic experiences shared by the designers as new mothers. This collection aims to make everyday life easier for families with infants.
On August 24, 2022, Qurate Retail Group announced the appointment of James Hathaway as interim Chief Financial Officer following the resignation of Jeffrey A. Davis. Hathaway, who has a strong background in financial leadership, joined Qurate in May 2021. The company also appointed William Hunter as Chief Transformation Officer, focusing on Project Athens, a three-year plan aimed at stabilizing revenue and increasing free cash flow. This transition reflects Qurate's commitment to growth and transformation in its video commerce business.
Zulily reports shifting holiday shopping habits among U.S. moms amid inflation, with a focus on intentional gifting. A nationwide survey reveals 43% of mothers find joy in buying toys, though 33% plan to spend less this season. Zulily offers personalized deals on iconic brands like LEGO, Play-Doh, and Barbie, aiming to provide quality gifts at affordable prices. The survey indicates that 42% more shoppers are planning to purchase gifts earlier to secure better deals. Zulily's dedicated holiday platform offers savings up to 50% and free shipping on orders over $89.
Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) has declared a quarterly cash dividend of $2.00 per share on its 8.0% Series A Cumulative Redeemable Preferred Stock. This dividend is payable on September 15, 2022, to stockholders of record as of August 31, 2022. Qurate Retail is a Fortune 500 company operating multiple retail brands and is a leader in video commerce, reaching over 200 million homes globally.
Qurate Retail reported second quarter 2022 results, revealing a 16% revenue decline to $3.0 billion impacted by inflation, supply chain challenges, and a fire at its Rocky Mount, NC fulfillment center. The company's diluted EPS was $0.53, with adjusted EPS at $0.12. Notably, eCommerce revenue fell by 17% to $1.8 billion. Despite these declines, Qurate aims to stabilize revenue through Project Athens, a three-year turnaround plan. Key initiatives include leadership changes, debt reduction via asset monetization, and early signs of revenue stabilization.