Welcome to our dedicated page for Qurate Retail Series A news (Ticker: QRTEA), a resource for investors and traders seeking the latest updates and insights on Qurate Retail Series A stock.
Qurate Retail Inc, through its subsidiaries, is engaged in the video and online commerce industries. Its segments include QxH, which includes QVC U.S. and HSN market and sell a wide variety of consumer products in the United States, using their televised shopping programs and via the Internet through their websites and mobile applications; QVC International segment markets and sells a wide variety of consumer products in several foreign countries, using its televised shopping programs and via the Internet through its international websites and mobile applications; and Zulily markets and sells a wide variety of consumer products in the United States and several foreign countries. Geographically, the company operates in U.S, which generates key revenue, Japan, Germany and other regions.
Zulily has launched the "Magic for Moms" initiative, offering a total of $40,000 in store credit to support busy moms during the holiday season. The program will provide 1,000 moms with $40 each to facilitate their shopping experience. Recent surveys indicate that 67% of moms spend over a full workweek on holiday comparison shopping, with 89% prioritizing family gifts over personal shopping. Zulily aims to alleviate this burden by offering exclusive deals, allowing moms to save time and money as they prepare for the holidays.
QVC and HSN have launched as the exclusive livestream shopping channels on Pluto TV, offering around 40 hours of live programming daily. This strategic move is part of Qurate Retail Group's goal to expand its vCommerce reach across new platforms. Noteworthy shows, such as QVC's "In the Kitchen with David" and HSN's "Gotta See G by Giuliana Rancic," attract significant viewership, reaching hundreds of thousands of homes per hour. Qurate Retail aims to enhance customer engagement through diverse shopping experiences on Pluto TV.
QVC and HSN have launched their linear channels on The Roku Channel, marking a significant expansion in their vCommerce reach. As the first livestream shopping channels on the service, they aim to engage an audience of approximately 80 million U.S. households. Each channel will offer around 40 hours of live programming daily, featuring brands and products presented by well-known personalities. This initiative enhances Qurate Retail's strategic goal to broaden its digital presence and reach over 200 million homes globally.
Qurate Retail, Inc. has announced a regular quarterly cash dividend of $2.00 per share on its 8.0% Series A Cumulative Redeemable Preferred Stock. The dividend is payable on December 15, 2022, to stockholders of record by the close of business on November 30, 2022. Qurate Retail is a major player in video commerce, owning brands like QVC and HSN, and reaching over 200 million homes worldwide. The firm primarily engages in video-driven shopping across multiple platforms.
Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) reported a significant 13% decrease in revenue to $2.7 billion for Q3 2022, driven by a challenging retail environment and the residual impacts of a December 2021 fulfillment center fire. The company posted a diluted EPS of $(7.21), mainly due to non-cash impairments totaling $2.8 billion for goodwill and tradenames. Despite issues, Qurate continues to focus on its Project Athens strategy aimed at growth and improving cash flow, including attracting new executive talent. Insurance proceeds of $180 million were received, continuing to support recovery efforts.
QVC will host its largest live shopping event, the Nonstop Holiday Party, on November 5-6, 2022. This unique 49-hour event will feature various celebrity guests, including the Radio City Rockettes and Idina Menzel, alongside early Black Friday sales and exclusive holiday gifts. Streaming will occur across multiple platforms, including QVC, QVC2, and QVC's online channels. Shoppers can expect significant discounts on tech, beauty, and fashion items, with all orders guaranteed by December 24.
Qurate Retail, Inc. will hold its annual Investor Meeting on November 17, 2022, starting with Liberty Media presentations at 9:00am E.T. and Qurate Retail at 11:00am E.T.. This event will take place in New York, NY and is open to shareholders, analysts, and press. Discussions will include Qurate's financial performance and future outlook. A Q&A session will follow the presentations. Registration details are available on the Qurate Retail website, and a webcast archive will be accessible after the event.
Qurate Retail Group has appointed Linda Aiello as Chief People Officer (CPO), effective October 31, 2022. Aiello will oversee Team Member Experience, Diversity, and Talent Management, and reports to CEO David L. Rawlinson II. With over 20 years of HR experience at firms like Stitch Fix and Salesforce, Aiello is expected to enhance the company culture aligned with their strategic growth plan, Project Athens. Qurate Retail Group operates several retail brands and is a leader in video commerce, reaching over 200 million homes globally.
QVC announced the worldwide launch of the Lexie B2 rechargeable hearing aids Powered by Bose on October 13, 2022. These FDA-regulated, self-fitting hearing aids, designed for users with mild to moderate hearing impairment, will be available for purchase directly from QVC without a prescription. Customers can buy them via QVC's Easy Pay® installment plan and will receive free shipping. The Lexie B2 hearing aids feature customizable settings through the Lexie app, enhancing user experience. This launch expands QVC's commitment to providing accessible healthcare solutions.
Qurate Retail will host a conference call on November 4th, 2022, at 8:30 a.m. E.T. to discuss its third-quarter results. A press release detailing these results will be issued before market opening on the same day. The call aims to cover Qurate's financial performance, outlook, and other forward-looking matters. Interested participants can join via a dedicated phone line or listen to a live webcast on Qurate's website, where the call will also be archived post-event.
FAQ
What is the current stock price of Qurate Retail Series A (QRTEA)?
What is the market cap of Qurate Retail Series A (QRTEA)?
What industries is Qurate Retail Inc. involved in?
What are the segments of Qurate Retail Inc.?
Where does Qurate Retail Inc. operate geographically?
What are the key revenue-generating regions for Qurate Retail Inc.?
What are the key components of Qurate Retail Inc.'s business model?
