Welcome to our dedicated page for Qurate Retail Series B news (Ticker: QRTEB), a resource for investors and traders seeking the latest updates and insights on Qurate Retail Series B 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.
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.
Qurate Retail Group has appointed Scott Barnhart as Chief Operating Officer (COO) effective immediately. Barnhart, who has over 30 years of experience in global supply chain management, will oversee various operations, including Supply Chain and Corporate Real Estate Services. His leadership is expected to drive Project Athens, a strategic growth plan aimed at enhancing revenue stability and operational excellence. Barnhart previously held executive roles at Cardinal Health and Aramark, contributing to significant improvements in supply chain efficiency.
QVC and HSN launched their interactive streaming shopping service on Samsung Smart TVs, providing users with a comprehensive video commerce experience. The QVC+ and HSN+ app combines over 50 hours of live vCommerce content daily with on-demand options, enabling seamless in-app purchases. This initiative expands Qurate Retail Group's digital presence, reaching over 100 million homes across the U.S. The service integrates multiple live channels and original programming, enhancing customer engagement and accessibility.
HSN announced the launch of The Lacey Chabert Collection, which features exclusive loungewear, including 'Mommy & Me' matching outfits. Inspired by family moments, this collection showcases cozy designs available on HSN.com. Items are priced under $100. Lacey Chabert will promote the collection live on HSN's platforms on September 15 and 16. The collection includes various garments like dresses, pullovers, and lounge jumpsuits, all designed with whimsical prints and luxe comfort. Additional family jammies will be added in October.
HSN has launched its livestream shopping service on YouTube TV, reaching over 5 million subscribers across the U.S. This strategic move expands HSN's vCommerce programming, allowing customers to access a curated assortment of products in beauty, fashion, and more. Notable shows like 'Gotta See G by Giuliana Rancic' have gained over 270,000 views per hour. HSN aims to engage new customers and enhance their shopping experience on this popular platform. This collaboration aligns with HSN's commitment to innovative video shopping solutions.
On September 7, 2022, Qurate Retail Group announced key executive appointments to boost its video commerce and merchandising strategies. Soumya Sriraman, formerly of Amazon, has been named President of Streaming, leading QVC+ and HSN+ initiatives. Stacy Bowe, previously with G-III Apparel Group, becomes Chief Merchandising Officer for QVC US. These roles are part of Qurate's broader strategy to enhance customer engagement and grow its video streaming shopping business, which generated $8.3 billion in revenue in fiscal 2021.
Zulily has launched an exclusive capsule collection of apparel and soft goods for babies and moms, collaborating with influencers Jessica Nickson and Noelle Downing. Available until September 29, the collection features over 170 styles, priced from $8.99 to $46.99. The focus is on versatility and quality, catering to the needs of new moms and their infants. Kiki Lockwood, a merchandising manager at Zulily, emphasizes the authentic experiences shared by the designers as new mothers. This collection aims to make everyday life easier for families with infants.
On August 24, 2022, Qurate Retail Group announced the appointment of James Hathaway as interim Chief Financial Officer following the resignation of Jeffrey A. Davis. Hathaway, who has a strong background in financial leadership, joined Qurate in May 2021. The company also appointed William Hunter as Chief Transformation Officer, focusing on Project Athens, a three-year plan aimed at stabilizing revenue and increasing free cash flow. This transition reflects Qurate's commitment to growth and transformation in its video commerce business.
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