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 reported a 2% year-over-year revenue increase to $3.5 billion in Q2 2021, driven by a 11% revenue growth in QVC International and an 18% increase for Cornerstone Brands. Adjusted diluted EPS remained stable at $0.54. The company repurchased 5.9 million shares for $74 million and raised the remaining repurchase authorization to $780 million. Despite growth, QxH revenue fell 1%, while Zulily saw a 6% decline. Positive cash flow led to an increase in cash reserves while total debt remained stable at $7.19 billion.
Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) plans to announce its second quarter 2021 results on August 6th at 8:30 a.m. (E.D.T.). The press release will be available prior to market opening, along with a conference call featuring CEO Mike George and Executive Chairman Greg Maffei. The call will discuss financial performance and future outlook. Interested participants can call GlobalMeet or register for the live webcast on Qurate's website. Qurate Retail, a Fortune 500 company, operates several leading retail brands and is a major player in video, e-commerce, and mobile commerce.
QVC and HSN are set to host their annual Beauty Bash on September 18, 2021, from 12-3 p.m. ET in a virtual format. The event will feature over 35 leading beauty brands and interactive experiences, allowing attendees to engage with experts and explore new products. Tickets are available for $59, including a Beauty Discovery Box valued at over $500. The event promises to double attendance capacity from previous years and offers unique panels with beauty experts, giveaways, and a shopping experience.
Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) announced a semi-annual interest payment of $17.50 per $1,000 of its 3.5% Senior Exchangeable Debentures due 2031, alongside an excess cash dividend of $4.5234 per Debenture. The payments are scheduled for July 15, 2021, to holders of record as of July 1, 2021. This distribution is influenced by quarterly dividends from Motorola Solutions. Adjustments to the principal amount of the Debentures will occur after Extraordinary Additional Distributions, which do not alter the interest payment amount.
Qurate Retail, Inc. announced the appointment of David Rawlinson II as President and CEO, effective October 1. Rawlinson will succeed Mike George after a two-month transition starting August 1. Rawlinson has a strong track record with companies like Nielsen and Grainger, and is expected to lead Qurate in leveraging its unique multi-brand retail platforms. Mike George will assist in the transition and retire at year-end. Qurate Retail is a leader in video commerce and e-commerce, reaching approximately 218 million homes globally.
This Back-to-School season, a report from Zulily highlights how kids are influencing shopping decisions, emphasizing personalization in fashion. Survey results show that 99% of parents believe involving children in purchases is important. Key trends include kids expressing confidence through style, personalizing outfits, and drawing inspiration from retro fashion. Zulily also introduced the #UniquelyZu Contest for kids to design their fashion line, with winners receiving prizes and a chance to collaborate on a collection. The Back-to-School Shop is live until September 15, 2021, featuring a wide array of customizable outfits.
On June 21, 2021, Zulily unveiled its inaugural Home Trend Report, centered on insights from a survey of 1,000 moms. The report introduces the Head & Home Space Quotient, exploring how home design can enhance productivity, mindfulness, and togetherness. Key findings reveal that 68% of moms experience 'junk drawer jitters,' with 32% reporting decreased organization at home. The report emphasizes the importance of creating serene spaces and outdoor areas for social gatherings. Zulily aims to help moms reclaim their homes through effective and appealing design solutions.
Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) has announced a regular quarterly cash dividend of $2.00 per share for its 8.0% Series A Cumulative Redeemable Preferred Stock. This dividend is payable on June 15, 2021, to stockholders of record as of June 1, 2021. The company operates across various digital commerce sectors, managing brands such as QVC, HSN, and Zulily, while also investing in green energy.
Qurate Retail announced the payment of a semi-annual interest payment and an additional distribution to holders of its 4.0% Senior Exchangeable Debentures due 2029. The interest payment amounts to $20.00 per $1,000 principal, with an additional distribution of $0.3930 per Debenture. These payments will be made on May 17, 2021, to holders as of May 1, 2021. The semi-annual payment reflects an annualized yield of 4.0%. The adjusted principal amount of Debentures will see a slight reduction but remains unaffected in terms of interest payment amounts.
FAQ
What is the current stock price of Qurate Retail Series B (QRTEB)?
What is the market cap of Qurate Retail Series B (QRTEB)?
What industries is Qurate Retail, Inc. involved in?
Which segments are included in Qurate Retail, Inc.?
In which countries does Qurate Retail, Inc. operate?
What is the new collection launched by Qurate Retail, Inc.?
With whom did Qurate Retail, Inc. collaborate for the new collection?
What is the aim of QVC's new campaign platform?
What is QVC's Age of Possibility about?
When was the new collection exclusively for QVC launched?
What range of sizes does the nicole by Nicole Miller collection offer?
Where can I find more information about Qurate Retail, Inc.?
