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.
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.
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.
Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) announced that Executive Chairman Greg Maffei will present at the MoffettNathanson Media & Communications Virtual Summit on May 12th at 2:00 p.m. E.D.T. During the presentation, he is expected to discuss the company's financial performance and outlook, along with other forward-looking matters. The event will be broadcast live on the Qurate Retail website, where an archive will be available for 180 days post-event following SEC filings.
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