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 announced the launch of J Jason Wu – The Culinary Experience on January 26, 2022. This new collection features cookware and small appliances designed by renowned fashion designer Jason Wu. Key items include a 12" Cast Aluminum Nonstick Pan and an 8-Pc Cookware Set. The collection emphasizes both form and function, aiming to enhance home cooking experiences. The launch will be showcased on QVC digital platforms and on-air. Jason Wu highlighted the collaboration's focus on sleek design and culinary essentials.
Zulily has released its inaugural State of the Date Night Report, revealing evolving dating behaviors among parents. Notably, 74% of parents feel that COVID-19 has altered their dating dynamics, with an average of $165 expected spending on Valentine's Day gifts. The report highlights a growing preference for 'Micro Moment Dating', which emphasizes shorter, frequent quality moments. Couples are also increasingly favoring double dates and early morning dates. This survey, conducted by OnePoll, reflects changes in how parents prioritize romance amidst busy schedules.
Zulily, an online retailer, has released its Best Time to Shop Report, guiding moms on when to shop to maximize savings amid rising inflation and supply chain challenges. The report highlights that Zulily offers discounts up to 97% lower than competitors. Key insights reveal that February is ideal for purchasing spring décor, beauty products, and summer essentials, as these items are linked to emotional well-being. The report aims to ease shopping stress for moms, promoting year-round savings through strategic planning.
Zulily has launched its first capsule collection inspired by designs from six young winners of its 2021 #UniquelyZu contest. Available from Jan. 5 to Jan. 19, this collection offers over 60 styles for kids, featuring swimwear and cover-ups priced between $12.99 and $29.99. The initiative aims to address the increasing demand for personalized fashion among children, as 79% report feeling happier in new clothes. The collection showcases contributions from kids aged 7 to 14, reflecting their unique perspectives on style and self-expression.
On December 18, 2021, QVC's fulfillment center in Rocky Mount, North Carolina, suffered a fire, leading to its closure. QVC ensures that all affected team members will receive their salaries through December while evaluating operational alternatives and the fire's financial impact. The Rocky Mount center is crucial, handling 25-30% of QVC and HSN's volume, complicating the recovery process. The company is assessing salvageable inventory and exploring secondary fulfillment options. QVC has fire damage insurance and is cooperating with authorities on the incident investigation.
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.