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 announced that their President & CEO, David Rawlinson, will join a panel discussion at the Evercore ISI Consumer and Retail Conference on June 11th at 2:45 p.m. ET. During this event, Rawlinson is expected to provide insights into the company's financial performance and future outlook. This appearance aims to highlight Qurate Retail's strategic direction and operational achievements to investors and stakeholders.
Qurate Retail (Nasdaq: QRTEA, QRTEB, QRTEP) announced a quarterly cash dividend of $2.00 per share for its 8.0% Series A Cumulative Redeemable Preferred Stock. The dividend will be payable on June 17, 2024, to stockholders of record as of May 31, 2024. Qurate Retail, a Fortune 500 company, operates six major retail brands, including QVC and HSN, and is a leader in video commerce, reaching over 200 million homes globally through various platforms.
Qurate Retail Group celebrates 10 years of partnership with World Vision, a humanitarian organization. Through this collaboration, Qurate has donated 30,000 pallets of products valued at $60 million, reaching hundreds of thousands of people in 35 countries. In the U.S., donations have impacted communities across 29 states. Additionally, Qurate supports the Women's Empowerment Fund via monetary contributions, aiding financial literacy and economic empowerment in poor communities. This initiative reflects Qurate's commitment to corporate philanthropy, product donations, and volunteerism.
Qurate Retail (Nasdaq: QRTEA, QRTEB, QRTEP) will host its virtual Annual Meeting of Stockholders on June 10, 2024, at 9:00 a.m. M.T. Stockholders of record as of April 16, 2024, can participate by logging in at www.virtualshareholdermeeting.com/QRI2024 using their 16-digit control number. The meeting will allow stockholders to listen, vote, and ask questions. Technical support will be available 10 minutes before the meeting. An archive of the webcast will be accessible on the Qurate Retail website after SEC filings. Qurate Retail, a Fortune 500 company, includes six leading retail brands and is the largest player in video commerce, reaching over 200 million homes worldwide through various platforms.
Qurate Retail, Inc. reported a 4% decrease in revenue for the first quarter of 2024 but saw improved gross margins, a 40% growth in Adjusted OIBDA, and increased free cash flow. The company is focused on cost reduction, product margin improvement, and brand partnerships. Despite challenges in revenue, the company is on track with its transformation initiatives and aims for sustainable growth.
QVC has signed multi-year contract extensions with SES in Germany and the UK to continue broadcasting multiple HD and SD channels. The partnerships secure capacity on SES's prime neighbourhoods, ensuring a high-quality in-home shopping experience for viewers in key European markets. The extensions highlight the important role of satellite distribution for direct-to-home TV services and underline SES's position as a trusted partner for leading media and entertainment providers.
In honor of National Military Appreciation Month, HSN Together for Good is raising awareness and support for Foundation for Women Warriors, a nonprofit organization dedicated to empowering women veterans. HSN will match customer donations up to $75,000 during May and an additional $25,000 on Memorial Day, benefiting FFWW programs that enhance personal and economic well-being for women veterans.
Iconic American designer Nicole Miller has partnered with QVC to launch the nicole by Nicole Miller collection, featuring timeless apparel inspired by the designer's travels. The collection, priced between $39.00 and $89.00, offers inclusive sizing from XXS to 3X, showcasing a fusion of Nicole Miller's signature aesthetic with QVC's commitment to size-inclusive fashion choices.
Qurate Retail Group celebrated Diversity Month in April by recognizing Team Member Resource Groups (TMRGs) that promote inclusion and belonging within the company. The focus on diversity reflects the company's commitment to fostering a culture of engagement, innovation, and fairness, ultimately leading to better business performance and stronger communities.
Qurate Retail, Inc. will be presenting at the MoffettNathanson Media, Internet & Communications Conference with Executive Chairman Greg Maffei discussing financial performance and outlook in New York City.
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