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.
Qurate Retail, Inc. announced Terry Boyle as the new President & CEO of Zulily, effective March 14, 2022. Boyle, a digital retail veteran with extensive experience, will work alongside CEO David L. Rawlinson II to enhance Zulily's business strategy. Rawlinson praised Boyle's proven track record in driving growth and digital innovation. Zulily, known for its unique commerce model, serves 4.6 million customers. The company is a part of Qurate Retail Group, which operates several retail brands, including QVC and HSN, reaching over 200 million homes globally.
Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) will have President & CEO David Rawlinson presenting at the Bank of America Consumer & Retail Technology Conference on March 8 at 11:20 a.m. EST. The presentation will cover the company's financial performance and outlook. Interested parties can register to listen live at Qurate Retail's website, where an archive will also be available for 180 days post-event.
Qurate Retail is a Fortune 500 company with brands like QVC®, HSN®, and Zulily®.
On March 2, 2022, Qurate Retail, Inc. announced new executive leadership to enhance its video commerce (vCommerce) strategy, focusing on QVC and HSN. President and CEO David L. Rawlinson II emphasized the need for agility and innovation to drive growth. Key appointments include Mike Fitzharris as President of QVC US, Rob Muller as President of HSN, and Mary Campbell to lead a new streaming-focused business unit. The restructuring aims to differentiate brands, improve digital capabilities, and streamline operations to adapt to evolving customer needs.
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Frontgate, a leading lifestyle brand, has teamed up with celebrity chef Michael Symon to launch its new Outdoor Kitchen Collection just in time for spring. This collection features over 15 modular pieces designed to enhance outdoor entertaining. Symon will provide exclusive content on frontgate.com, including setup tips and gourmet recipes. The launch will be celebrated at the 2022 South Beach Wine & Food Fest in Miami Beach, Florida. Additionally, Frontgate is donating $25,000 to the Michael D. Symon Foundation, supporting local food banks and hospitality industry employees affected by the pandemic.
Qurate Retail reported disappointing Q4 2021 results with a 9% decline in revenue to $4.1 billion and a full-year revenue decrease of 1% to $14 billion. The company faced challenges, including a 30% drop in Zulily revenue and losses due to a fire at the Rocky Mount fulfillment center, costing approximately $250 million. Diluted EPS was $(0.54) for Q4, while adjusted diluted EPS stood at $0.40. Despite ongoing challenges, Qurate Retail emphasizes the importance of cost control, free cash flow, and potential recovery through future investments.
Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) announced a quarterly cash dividend of
On February 3, 2022, Zulily launched its exclusive Sunshine Swing Spring Playwear Collection, which features over 60 styles designed by six winners of the #UniquelyZu contest. This collection, available until February 17, highlights the fashion sensibilities of children, capitalizing on a trend where 51% of parents believe their kids have a better style sense. Prices for the collection range from $12.99 to $29.99, targeting outdoor play and summer vibes. The collection aims to enhance children's happiness and confidence through unique clothing options, reflecting their creativity.
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Qurate Retail, Inc. (QRTEA, QRTEB, QRTEP) has reported a decline in expected fourth-quarter results, with revenues down 8-9% and adjusted OIBDA down 17-20%. Specific segments show QxH revenue decreasing by 6.5-7.5% and adjusted OIBDA dropping by 22-25%. This downturn is attributed to lower-than-expected demand and compounded by costs associated with a fire at the QVC Rocky Mount fulfillment center. The company plans to discuss detailed results in an upcoming earnings call on February 25, 2022.