As it continues to adjust its business model after the QVC and HSN merger, Qurate Retail struggled in a challenging first quarter.
After completing a spin off from GCI Liberty and changing its name from Liberty Interactive, Qurate Retail, parent of QVC and HSN among other retail operations, posted first quarter net income of $142 million, or 30 cents per share, versus $91 million, or 20 cents per share, in the year-before period.
Liberty Interactive Corporation is renaming itself the Qurate Retail Group.
QVC has appointed Bob Spieth to evp/customer and business services. In that role, he will lead the customer and business services operations for both QVC and Zulily.
QVC generated strong sales in its first quarter, with the U.S. division, home and e-commerce categories posting positive results, although…