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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) has announced a semi-annual interest payment of $20.00 per $1,000 on its 4.0% Senior Exchangeable Debentures due 2029, along with an additional distribution of $0.3930 per Debenture. The payment is scheduled for November 16, 2020, for holders recorded by November 1, 2020. This follows an Extraordinary Additional Distribution of $63.0960 made on August 7, 2013, and does not affect the semi-annual interest payments, which will remain at 4.0% of the original principal amount. Adjustments to the principal will be made accordingly.
Zulily has launched a campaign to celebrate Mrs. Claus, recognizing her as an emblem of the strength and resilience of women, especially mothers. The campaign includes a Change.org petition advocating for Mrs. Claus to receive more recognition. A survey reveals that 88% of moms view their role as primarily 'givers', while 70% feel underappreciated during the holidays. Zulily aims to highlight the responsibilities that mothers carry, with 74% saying they provide most emotional support during the holiday season. The campaign reflects a broader movement to validate the contributions of all women.
QVC announces the launch of a size-inclusive fashion line, J Jason Wu, designed by renowned fashion designer Jason Wu, available on QVC.com starting November 11, 2020. The collection offers sizes ranging from 5X to XXS and includes a variety of clothing options like suiting, dresses, and everyday staples. Jason Wu will make his first live appearance on QVC on November 13 to discuss his collection. Prices for the line will range from $44 to $120, emphasizing QVC's commitment to inclusive fashion.
Qurate Retail, Inc. (Nasdaq: QRTEA) reported strong third quarter 2020 results, with revenue up 10% to $3.4 billion and adjusted OIBDA rising 24% to $566 million. The company's eCommerce revenue grew 15%, now comprising 62% of total revenue, reflecting increased customer engagement. Diluted EPS stands at $0.80 and adjusted diluted EPS rose 36% to $0.57. Qurate Retail also paid a special dividend of $1.50 per share on September 14, 2020, alongside issuing preferred stock. Despite challenges in some segments, overall performance shows resilience and strategic growth in the retail market.
LG Electronics USA has launched the Shop Time app for LG Smart TVs, allowing users to purchase items directly from popular video retailers like QVC and HSN. The app, compatible with LG Smart TVs from 2016-2020, enhances the shopping experience by enabling users to save items and receive tailored product recommendations. New HSN customers can benefit from a $20 digital coupon on purchases over $40 until November 30. This initiative aims to streamline the shopping process and expand the reach of Qurate Retail Group, enhancing their connection with LG viewers.
Qurate Retail, Inc. (Nasdaq: QRTEA) will host its annual Investor Meeting on November 20, 2020, starting at 9:00 AM M.T. The virtual meeting is open to shareholders, analysts, and press, with registration available on the company's website. Presentations will focus on financial performance and future outlook, followed by a Q&A session with key executives, including Chairman Greg Maffei and CEO Mike George. Questions can be submitted via email by November 13, 2020. A webcast archive will be available post-meeting for one year.
On October 12, 2020, Qurate Retail Group announced the launch of a new cooking show, Travel, Cook, Repeat with Curtis Stone, debuting on October 13 on the QVC/HSN streaming service. The show features Chef Curtis Stone exploring global flavors and sharing easy-to-follow recipes. With six episodes available on-demand, viewers can shop for Stone's cookware directly on HSN.com. The combined streaming service, launched in August 2019, reaches around 45 million homes and has become a popular platform. Stone's brand has sold over 2.5 million Dura-Pans, showcasing significant growth.
Qurate Retail will host a conference call on November 5, 2020, at 8:30 a.m. EST to discuss its third-quarter results. The earnings report will be released after market close on November 4, 2020. CEO Mike George and Executive Chairman Greg Maffei will lead the call, offering insights into the company's financial performance and outlook. Interested parties can access the live broadcast via the Qurate Retail website and find links to the press release and call replays. This conference follows a regular practice of Qurate Retail to communicate financial results and engage with stakeholders.
Zulily, an online retailer, has launched its inaugural Top Toy List for 2020 to assist parents in selecting gifts for children amidst pandemic-related pressures. A survey reveals that 70% of moms feel pressured to make this holiday special. The list features 29 toys emphasizing family bonding, physical activity, and imaginative play. Notable toys include the Barbie Dream Closet and Hot Wheels Sky Crash Tower. Zulily offers substantial discounts, with products up to 70% off, and encourages shoppers to engage daily due to limited-time offerings.
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