
The Qurate Retail Group and the National Retail Federation Foundation announced they are expanding their Small Business Spotlight program to support 100 entrepreneurs of diverse backgrounds in 2021.
The Qurate Retail Group and the National Retail Federation Foundation announced they are expanding their Small Business Spotlight program to support 100 entrepreneurs of diverse backgrounds in 2021.
Despite enduring increased costs, Qurate made gains in the coronavirus-stricken second quarter although not quite up to Wall Street expectations.
Hit by the COVID-19 pandemic, Qurate Retail fell short of a Wall Street earnings estimate as revenues slipped.
A tough third quarter still included a few bright spots for Qurate Retail, as the company continued to integrate its QVC and HSN businesses.
Qurate retail sales and income declined in the second quarter but profits came in over a Wall Street estimate.
E-tailers are becoming more assertive in launching proprietary promotions, and Zulily has developed its own version, which will launch as the second annual Zulily Thrill Fest on June 18.
As it continues to adjust its business model after the QVC and HSN merger, Qurate Retail struggled in a challenging first quarter.
In a fourth quarter when the company continued its integration efforts including those combining HSN and QVC operations, Qurate Retail recorded lower net income but increased sales growth across most of its retail platforms.
QVC has refinanced its senior secured credit facility with a new amended and restated senior secured credit facility.
Qurate Retail Group’s HSN has selected Synchrony as its strategic provider of private label credit card services beginning in August 2019. HSN will replace its current financing provider with Synchrony’s services.
Qurate reported solid sales growth across most of its retail divisions including QVC, while the company said it continues to work on integrating HSN into its operating business structure.
The Qurate Retail Group is taking the Improvements brand and transitioning it into HSN, in a strategic move to create efficiencies and best position the brand for long-term growth, the company said.
Zulily plans to launch its first-ever Thrill Week July 23 to 27, focusing on discounts, exclusive deals and popular brands.
Qurate Retail has made several executive appointments for the Qurate Retail Group, which comprises eight retail brands: QVC, HSN, Zulily, Ballard Designs, Frontgate, Garnet Hill, Grandin Road and Improvements.
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.
Liberty Interactive has completed its acquisition of the remaining shares of HSN in a deal announced this past July.
With QVC expecting its acquisition of HSN to be complete in the coming weeks, the former is moving ahead with plans to reorganize the company’s management team under what will be known as the QVC 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.
As QVC launches a new beauty network, parent company Liberty Interactive’s QVC Group produced sales and income declines in the third quarter.