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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.
Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) will hold its virtual Annual Meeting of Stockholders on May 25, 2021, at 8:15 a.m. M.T. Those eligible to participate must be stockholders of record as of March 31, 2021. Attendees can listen, vote, and submit questions via www.virtualshareholdermeeting.com/QRI2021. After the meeting, executives, including John Malone and Greg Maffei, will engage in a Q&A session regarding the company's financial performance and outlook. Questions must be submitted by May 18, 2021.
Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) reported a strong first quarter of 2021, with revenue increasing by 14% to $3.3 billion. eCommerce revenue rose 19%, making up 61% of total revenue. Diluted EPS for the quarter was $0.49, with adjusted diluted EPS up 78% to $0.48. QVC International revenue jumped 22%, and Cornerstone revenue soared 41%. The company also repurchased 5 million shares during the quarter, signaling confidence in its long-term prospects.
Absorbits is set to launch its product line on HSN on May 9, 2021, after being selected in QVC and HSN's The Big Find® search for innovative products. The product range includes reusable moisture removal bags designed for electronics and valuables, catering to a broad audience across QVC and HSN's platforms which reach over 90 million homes in the U.S. The founder, Elliot Harris, emphasizes the reliability of Absorbits for drying out items exposed to moisture.
Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) announced that Executive Chairman Greg Maffei will present at the MoffettNathanson Media & Communications Virtual Summit on May 12th at 2:00 p.m. E.D.T. During the presentation, he is expected to discuss the company's financial performance and outlook, along with other forward-looking matters. The event will be broadcast live on the Qurate Retail website, where an archive will be available for 180 days post-event following SEC filings.
Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) will host a conference call on May 7, 2021, at 8:30 a.m. E.D.T. to discuss its first-quarter 2021 results. A press release will precede the call, detailing financial performance and outlook. Interested parties can join the live broadcast on Qurate's website. The call will be archived for later access. Qurate Retail operates a diverse portfolio in digital commerce, including QVC, Zulily, and Cornerstone Brands.
QVC has teamed up with actress Candace Cameron Bure to launch her new size-inclusive fashion line, available exclusively on QVC.com. The collection features a variety of wardrobe staples catering to sizes XXS to 5X, all at the same price point. Launching on April 19, this collaboration emphasizes comfort and versatility, allowing customers to create multiple stylish looks. Rachel Ungaro, VP of Apparel at QVC, praised Bure's design vision and dedication to inclusivity, aligning with QVC’s longstanding commitment to diverse sizing.
QVC and HSN have launched the third annual The Big Find program, inviting entrepreneurs and creators to submit products from April 28 to June 8, 2021. Participants can submit an online application, including a video showcasing their product. Selected candidates will pitch their ideas to a panel of experts in August. The initiative aims to double the representation of underrepresented businesses. Over the past two years, 160 brands were discovered, with notable success stories emerging. This program underlines Qurate Retail Group's commitment to product discovery and brand inclusion.
QVC announced a digital collaboration with Danny Seo to enhance its clean beauty offerings. The "Naturally, Danny Seo" collection will feature over 30 clean beauty products from various brands, alongside an exclusive Clean Beauty Box. Seo aims to educate customers through original video content and a digital series across platforms. This partnership aligns with QVC's strategy, which includes over 90 clean beauty brands, to provide consumers with trusted options in sustainable beauty. The collection will be available on QVC.com with more products expected throughout the year.
On March 31, 2021, Qurate Retail Group announced the appointment of David Gerbitz as Chief People Officer, effective April 8. Gerbitz, who brings extensive experience from companies like Microsoft and Pandora Media, will oversee the company's global People strategy, including Talent Acquisition and Diversity initiatives. His role aims to enhance organizational strength and drive growth within the company's digital and media landscape, which includes major retail brands like QVC and HSN. Qurate Retail Group operates globally with over 26,000 employees and ranks among the top e-commerce retailers.
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