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.
Qurate Retail Group is expanding its Small Business Spotlight program to support diverse entrepreneurs by providing them with national exposure on QVC, HSN, and Zulily. In 2022, at least 100 businesses will be selected, building on approximately 160 from 2021. Participants will be featured during key heritage months, reaching millions of customers. The program aims to assist underrepresented businesses and enhance equity. By 2025, the goal is to showcase at least 500 diverse businesses. Successful past participants reported significant sales increases, highlighting the program's impact on small business growth.
On October 1, 2021, Zulily announced a partnership with Habitat for Humanity International, committing to donate 1% of all in-app Home category sales throughout October. This initiative aims to support families striving for affordable homeownership, particularly benefiting single moms. With 43.5 million moms in the U.S., Zulily aims to empower conscious consumerism, allowing shoppers to make impactful purchases. The campaign emphasizes the importance of affordable housing, as many families are severely burdened by housing costs. Zulily encourages shoppers to participate and make a difference while enjoying holiday shopping.
Zulily has released a national survey revealing how new moms use color in nurseries to enhance their children's development and emotional health. The survey shows 68% of moms believe color influences mood, while 59% report waking up three or more times nightly due to parenting demands. In response, Zulily launches its bi-annual Welcome Baby Event and Late Night Shop for Mom, offering exclusive deals on baby essentials from 2 a.m. to 6 a.m. Eastern. This month-long event features curated collections aimed at creating calming environments for both mothers and their children.
QVC announces a partnership with influencer and style icon Tanesha Awasthi to launch an exclusive apparel brand called Girl With Curves. The live airing is scheduled for September 11, 2021, with items available on QVC.com starting September 10, 2021. Awasthi's collection promotes size inclusivity, offering styles for women from sizes XXS to 5X and ensuring the same price across sizes. QVC has championed size-inclusive fashion for over 30 years, focusing on modern, sophisticated designs to inspire confidence in women of all shapes.
On August 19, 2021, QVC launched on SLING TV, becoming the only livestream shopping channel on the service. This expansion allows QVC to reach a combined 13 million subscribers in the U.S., covering approximately 90% of the audience for subscription live TV streaming services. Known for its engaging shopping experiences, QVC's programming includes popular shows like "In the Kitchen with David®". This initiative aligns with QVC's strategy to broaden its digital commerce presence across multiple platforms.
Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) declared a quarterly cash dividend of $2.00 per share on its 8.0% Series A Cumulative Redeemable Preferred Stock. This dividend will be payable on September 15, 2021 to stockholders on record as of August 31, 2021.
Qurate Retail operates seven prominent retail brands and is a leader in video, mobile, and social commerce, reaching approximately 218 million homes globally.
Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) announced a semi-annual interest payment of $18.75 per $1,000 of its 3.75% Senior Exchangeable Debentures, alongside a regular additional distribution of $0.28730 per Debenture. The interest payment will be made on August 16, 2021, to holders on record as of August 1, 2021. Adjustments to the principal amount of the Debentures will reflect extraordinary distributions but will not affect the interest payments. The announcement also mentions Lumen Technologies' dividends contributing to the additional distribution.
On August 10, 2021, Zulily released insights from a groundbreaking study conducted by ENGINE that analyzed the psychological benefits of planning among mothers. The study categorized mothers into 'Planners' and 'Procrastinators' and found that planning correlates with reduced stress, greater happiness, and stronger family relationships. Interestingly, four times as many mothers prioritize savings over speed in shopping. Zulily aims to leverage these insights to enhance their personalized shopping experience, introducing new resources like '10 Ways to Train Your Brain' to encourage effective planning.
Zulily, an online retailer, has launched a beta test of its Teacher Appreciation Subscription Program, allowing teachers to save 10% on purchases. During the 2020-2021 school year, teachers spent an average of $750 out of pocket, prompting this initiative. Eligible teachers can access a free three-month subscription, verified through SheerID. The program aims to understand and meet teachers' needs, enhancing their shopping experience. Enrollment is open until September 15, 2021, and the discount applies for 90 days after verification.
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