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.
Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) has announced that Greg Maffei, the company's Executive Chairman, will be presenting at the Goldman Sachs Communacopia & Technology Conference. The presentation is scheduled for Tuesday, September 10th at 6:05 p.m. E.T. in San Francisco.
During his presentation, Mr. Maffei may provide insights into Qurate Retail's financial performance and outlook, along with other relevant information about the company. This event offers an opportunity for investors and analysts to gain valuable insights into Qurate Retail's current status and future plans directly from its executive leadership.
QVC has announced an exclusive collaboration with Stacy London, renowned stylist and Q50 Ambassador, launching the 'by Stacy London' apparel collection. Premiering on-air on August 23, the collection is designed to empower women over 50 through fashion, aligning with QVC's Age of Possibility initiative. The line features inclusive sizing from XXS to 3X (0-28) and prices ranging from $39.00 to $150.00.
The collection includes versatile wardrobe staples and statement pieces, incorporating Stacy's signature 'addables' - interchangeable collars and cuffs for customizable looks. This launch marks an important addition to QVC's fashion offerings, aiming to inspire confidence and self-expression in their 50+ customer base.
Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) has declared a quarterly cash dividend for holders of its 8.0% Series A Cumulative Redeemable Preferred Stock. The dividend amount is $2.00 per share, payable on September 16, 2024, to stockholders of record at the close of business on September 3, 2024. Qurate Retail is a Fortune 500 company comprising six retail brands: QVC, HSN, Ballard Designs, Frontgate, Garnet Hill, and Grandin Road. As the largest player in video commerce, Qurate Retail Group reaches over 200 million homes worldwide through various channels, including TV, streaming platforms, websites, and mobile apps.
Qurate Retail (Nasdaq: QRTEA) reported a mixed second quarter 2024 performance. Despite a 9% revenue decrease, the company achieved a 4% increase in Adjusted OIBDA. Operating income fell by 55%, totaling $165 million due to the absence of significant gains recorded last year. Qurate's focus on cost management and enhancing product margins helped reduce net debt by $71 million. Key segments experienced revenue declines: QxH down 4%, QVC International down 5% in USD but flat in constant currency, and Cornerstone down 14%. Excluding Zulily, total revenue dropped 5% in USD. The company is optimistic about serving its core demographic, women over fifty, via the QVC Age of Possibility campaign launched in April.
Qurate Retail Group, part of Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP), has appointed Mara Sirhal as Chief Merchandising Officer for QVC US, its largest business unit. Sirhal brings over 20 years of experience in merchandising, product and brand development, and sourcing. She will report to Mike Fitzharris, President of QVC US, and lead QVC's merchandising strategy across all product categories.
Sirhal will focus on aligning the assortment with QVC's Age of Possibility campaign, targeting women consumers ages 50+. She will oversee the Buying, Planning & Programming organization and the Design Development & Global Sourcing team. Sirhal's appointment is expected to strengthen QVC's position in the marketplace and drive product discovery for its target audience.
Qurate Retail Group released its 2023 Global Contribution Summary, highlighting significant advancements in sustainability, empowerment, and responsible product curation. The company generated over $33.8 million for more than 1,423 charities worldwide in 2023. Key highlights include:
- 17,000+ team member volunteer hours, impacting 462 charities
- $1.2+ million in team member donations with a 200% company match
- $24.7+ million in product and in-kind donations across 17 countries
- $9.6+ million towards women's empowerment & entrepreneurship
- $4.3+ million for cause marketing initiatives
Since 2020, Qurate Retail Group has contributed over $148 million to causes, surpassing their $100 million commitment for 2020-2025. The company continues to focus on embedding inclusion, sustainability, and social responsibility into all aspects of its business.
QVC has launched Cay Skin, a new inclusive suncare line by Winnie Harlow, premiering on-air and on QVC.com starting July 12, 2024. Targeting women over 50, the line offers daily skin protection with products formulated for various skin tones and conditions. Highlights include the Isle Glow Face Moisturizer, which is silicone-free, non-comedogenic, and features Aloe Vera Leaf Juice and seaweed extract, inspired by Harlow's Jamaican heritage. Customers can tune into QVC's Beauty Revolution show on July 12 at 9:00 p.m. EST to see the exclusive product bundle and shop the collection online.
Qurate Retail (Nasdaq: QRTEA, QRTEB, QRTEP) will release its Q2 2024 earnings on August 8th, before market open, followed by a conference call at 8:30 a.m. ET. The announcement will cover their financial performance and outlook. Detailed results will be available on their website.
HSN has launched HSNfluencer, a new creator platform powered by impact.com, to enhance collaboration with influencers and increase consumer engagement. The platform allows HSN to manage and analyze creator partnerships in a streamlined, customizable environment, providing tools and support for content creators to generate affiliate links and curated collections. This initiative aims to leverage the growing creator economy, expected to reach $480 billion by 2027, by building direct relationships with creators and improving customer shopping experiences through trusted recommendations.
Qurate Retail Group celebrated Pride Month by organizing Pride flag-raising ceremonies across its various locations in support of LGBTQ+ team members and the broader community. The company, which comprises six prominent retail brands including QVC, HSN, Ballard Designs, FRONTGATE, Garnet Hill, and Grandin Road, emphasized its commitment to diversity and inclusion. This celebration aligns with the company's mission of providing a more human way to shop.
For more information, visit Qurate Retail Group’s profile on 3blmedia.com or contact them via email at info@3blmedia.com.
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