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.