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, Inc. has announced a cash tender offer to purchase up to $750 million of its 4.375% Senior Secured Notes due 2023. The offer, commencing June 9, 2022, will expire on June 15, 2022, with cash consideration of $1,010 per $1,000 principal amount of the notes. As of March 31, 2022, QVC reported $2.48 billion available under its senior secured credit facility and $522 million in cash. The offer is contingent upon certain conditions but is not dependent on a minimum tender amount. For further inquiries, BofA Securities and J.P. Morgan Securities are the Joint Dealer Managers.
Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) announced an upcoming Investor Event on June 27, 2022, at 9:30 am E.T., to be held virtually. CEO David Rawlinson will present insights into the company's financial performance and future outlook. The event will also feature a Q&A segment for attendees to engage directly. Registration details are available on the company’s website. A recorded archive of the webcast will be accessible following necessary SEC filings. Qurate Retail is recognized for its significant role in video commerce, serving over 200 million homes globally across multiple platforms.
HSN has announced the launch of Emryn House, its 14th private label brand focused on vintage farmhouse décor with modern elements. This new home collection caters to the 40% of HSN customers who prefer this style. The brand, developed by HSN's in-house design team, includes a range of products such as bedding, decorative items, and furniture, priced between $39.95 and $229.95. HSN plans to expand its private label portfolio further by introducing additional home brands later this year.
QVC announces the launch of Encore by Idina Menzel, an apparel line designed for women, available in sizes XXS to 3X. The collection, priced from $39 to $100, aims to blend comfort and style for busy lifestyles. Items include versatile dresses, jumpsuits, and tops, all available exclusively at QVC starting May 18, 2022. Idina Menzel emphasized the importance of individuality in fashion, reflecting her personal ethos. The collaboration reinforces QVC's commitment to size-inclusive apparel, ensuring accessibility for a diverse audience.
Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) has declared a quarterly cash dividend of $2.00 for its 8.0% Series A Cumulative Redeemable Preferred Stock. This dividend is payable on June 15, 2022, to stockholders of record as of May 31, 2022. Qurate Retail operates various well-known retail brands and is a leader in video commerce, reaching over 200 million homes globally through multiple platforms.
Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) will hold its virtual Annual Meeting of Stockholders on June 14, 2022, at 8:15 a.m. M.T. Stockholders of record as of April 18, 2022, will be able to participate by logging into the designated virtual meeting site. A Q&A session will follow a related Liberty TripAdvisor Holdings meeting at 8:45 a.m. M.T. Questions must be submitted in advance by June 7, 2022. Qurate Retail is a leading video commerce company, reaching over 200 million homes globally through various platforms.
Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) announced that Executive Chairman Greg Maffei will present at the MoffettNathanson Media & Communications Summit on May 19 at 11:00 a.m. E.T. in New York City. Maffei's presentation will cover the company's financial performance and outlook. The event will be livestreamed, and interested parties can register through the Qurate Retail website. An archived version of the webcast will be available for 180 days post-event.
Qurate Retail reported a significant 14% decline in revenue to $2.9 billion for Q1 2022, attributed to supply chain disruptions and depressed consumer sentiment due to inflation and geopolitical tensions. The adjusted diluted EPS stood at $0.15. Notably, Zulily's revenue plunged 38%, while Cornerstone achieved a 19% revenue increase. The company is undergoing a restructuring to stabilize its U.S. vCommerce business and enhance streaming operations, yet it anticipates ongoing operational disruptions from a recent fire at its Rocky Mount fulfillment center.
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