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. (Nasdaq: QRTEA, QRTEB, QRTEP) announced a semi-annual interest payment of $17.50 per $1,000 of its 3.5% Senior Exchangeable Debentures due 2031, alongside an excess cash dividend of $4.5234 per Debenture. The payments are scheduled for July 15, 2021, to holders of record as of July 1, 2021. This distribution is influenced by quarterly dividends from Motorola Solutions. Adjustments to the principal amount of the Debentures will occur after Extraordinary Additional Distributions, which do not alter the interest payment amount.
Qurate Retail, Inc. announced the appointment of David Rawlinson II as President and CEO, effective October 1. Rawlinson will succeed Mike George after a two-month transition starting August 1. Rawlinson has a strong track record with companies like Nielsen and Grainger, and is expected to lead Qurate in leveraging its unique multi-brand retail platforms. Mike George will assist in the transition and retire at year-end. Qurate Retail is a leader in video commerce and e-commerce, reaching approximately 218 million homes globally.
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.