Welcome to our dedicated page for Qurate Retail news (Ticker: QRTEP), a resource for investors and traders seeking the latest updates and insights on Qurate Retail stock.
News for QRTEP focuses on Qurate Retail, Inc., a Fortune 500 electronic shopping and vCommerce company whose securities trade on Nasdaq under the symbols QRTEA, QRTEB and QRTEP. The QRTEP ticker represents Qurate Retail’s 8.0% Series A Cumulative Redeemable Preferred Stock, so news linked to this symbol often centers on capital structure updates and dividend declarations, alongside broader corporate developments at Qurate Retail and its Qurate Retail Group portfolio of brands.
Investors following QRTEP can expect news about regular quarterly cash dividends on the 8.0% Series A Cumulative Redeemable Preferred Stock, including announcements of per-share dividend amounts, payment dates and record dates. Company communications have also covered topics such as the transfer of Qurate Retail’s securities listing from the Nasdaq Global Select Market to the Nasdaq Capital Market and discussions of financial performance and outlook in earnings releases and conference call notices.
Because Qurate Retail, Inc. operates Qurate Retail Group, which includes QVC, HSN, Ballard Designs, Frontgate, Garnet Hill and Grandin Road, the news flow may also feature updates on the company’s vCommerce strategy, live social shopping initiatives, and brand-level programming and product launches. Examples include announcements about growth strategies focused on live social shopping, the planned change of Qurate Retail Group’s name to QVC Group, and new collections or partnerships introduced through QVC and HSN.
This QRTEP news page helps readers track how Qurate Retail’s preferred stock is affected by dividend decisions, listing status, capital markets activity and strategic moves within its video commerce and electronic shopping operations.
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On August 19, 2021, QVC launched on SLING TV, becoming the only livestream shopping channel on the service. This expansion allows QVC to reach a combined 13 million subscribers in the U.S., covering approximately 90% of the audience for subscription live TV streaming services. Known for its engaging shopping experiences, QVC's programming includes popular shows like "In the Kitchen with David®". This initiative aligns with QVC's strategy to broaden its digital commerce presence across multiple platforms.
Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) declared a quarterly cash dividend of $2.00 per share on its 8.0% Series A Cumulative Redeemable Preferred Stock. This dividend will be payable on September 15, 2021 to stockholders on record as of August 31, 2021.
Qurate Retail operates seven prominent retail brands and is a leader in video, mobile, and social commerce, reaching approximately 218 million homes globally.
Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) announced a semi-annual interest payment of $18.75 per $1,000 of its 3.75% Senior Exchangeable Debentures, alongside a regular additional distribution of $0.28730 per Debenture. The interest payment will be made on August 16, 2021, to holders on record as of August 1, 2021. Adjustments to the principal amount of the Debentures will reflect extraordinary distributions but will not affect the interest payments. The announcement also mentions Lumen Technologies' dividends contributing to the additional distribution.
On August 10, 2021, Zulily released insights from a groundbreaking study conducted by ENGINE that analyzed the psychological benefits of planning among mothers. The study categorized mothers into 'Planners' and 'Procrastinators' and found that planning correlates with reduced stress, greater happiness, and stronger family relationships. Interestingly, four times as many mothers prioritize savings over speed in shopping. Zulily aims to leverage these insights to enhance their personalized shopping experience, introducing new resources like '10 Ways to Train Your Brain' to encourage effective planning.
Zulily, an online retailer, has launched a beta test of its Teacher Appreciation Subscription Program, allowing teachers to save 10% on purchases. During the 2020-2021 school year, teachers spent an average of $750 out of pocket, prompting this initiative. Eligible teachers can access a free three-month subscription, verified through SheerID. The program aims to understand and meet teachers' needs, enhancing their shopping experience. Enrollment is open until September 15, 2021, and the discount applies for 90 days after verification.
Qurate Retail reported a 2% year-over-year revenue increase to $3.5 billion in Q2 2021, driven by a 11% revenue growth in QVC International and an 18% increase for Cornerstone Brands. Adjusted diluted EPS remained stable at $0.54. The company repurchased 5.9 million shares for $74 million and raised the remaining repurchase authorization to $780 million. Despite growth, QxH revenue fell 1%, while Zulily saw a 6% decline. Positive cash flow led to an increase in cash reserves while total debt remained stable at $7.19 billion.
Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) plans to announce its second quarter 2021 results on August 6th at 8:30 a.m. (E.D.T.). The press release will be available prior to market opening, along with a conference call featuring CEO Mike George and Executive Chairman Greg Maffei. The call will discuss financial performance and future outlook. Interested participants can call GlobalMeet or register for the live webcast on Qurate's website. Qurate Retail, a Fortune 500 company, operates several leading retail brands and is a major player in video, e-commerce, and mobile commerce.
QVC and HSN are set to host their annual Beauty Bash on September 18, 2021, from 12-3 p.m. ET in a virtual format. The event will feature over 35 leading beauty brands and interactive experiences, allowing attendees to engage with experts and explore new products. Tickets are available for $59, including a Beauty Discovery Box valued at over $500. The event promises to double attendance capacity from previous years and offers unique panels with beauty experts, giveaways, and a shopping experience.
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.