Qurate Retail said that president and CEO Mike George has extended his employment agreement through the end of 2021 and will be retiring from the company at that time. The early announcement allows time for transition planning and an executive search process.
While retail will continue to evolve in response to the pandemic, some new consumer behaviors are likely to endure, according to Mike George, president and CEO of Qurate Retail. Examples include the surge in digital engagement among consumers and the shift towards home-centered goods, such as cookware and outdoor furnishings.
Qurate Retail Group has announced a series of initiatives designed to position its HSN and QVC U.S. businesses for long-term growth, increase synergies and accelerate the company’s digital transformation. The moves include the elimination of the QVC U.S. president position, with the exit of Steve Hofmann, who currently holds that position, and the combination of buying staffs.
Liberty Interactive Corporation, the parent company of QVC, has entered into a definitive agreement to purchase online shopping site Zulily.…