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 launch of Miranda Kerr's KORA Organics, a certified organic skincare line, on October 15, 2024. The brand aims to provide results-driven skincare with transparent formulations and ingredients. KORA Organics products are cruelty-free and formulated with certified organic ingredients to deliver healthy-looking, glowing, and radiant skin.
The on-air assortment includes customer favorites such as the Noni Glow Face Oil, Turmeric Moisturizer, and Kakadu Plum Vitamin C Serum. Popular bundles like the Anti-Aging Plant Stem Cell Retinol Set will also be available. Miranda Kerr expressed excitement about sharing her brand's story with QVC's community and introducing KORA Organics as the first certified organic skincare line offered on QVC.
Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) has announced its plans to release third quarter 2024 earnings and host a conference call on Thursday, November 7th at 8:30 a.m. E.T. The company will issue a press release detailing the results before the market opens on the same day. Investors can access this information on the company's website at https://www.qurateretail.com/investors/news-events/press-releases.
The earnings release and subsequent conference call are expected to cover Qurate Retail's financial performance, outlook, and potentially other relevant topics. This event provides an opportunity for stakeholders to gain insights into the company's recent performance and future prospects.
QVC and USA Pickleball have announced a multi-year partnership, making QVC the Exclusive Retail Industry Partner and Exclusive Broadcast Partner of USA Pickleball. This collaboration includes coverage of select USA Pickleball Golden Ticket Tournaments and the annual Nationals. The QVC+ and HSN+ Streaming Experience will offer exclusive livestream coverage of the 2024 Biofreeze USA Pickleball National Championships from November 9-17 in Mesa, Arizona.
QVC has curated a new pickleball shopping page, 'On the Court', featuring official USA Pickleball approved products. This partnership aligns with QVC's mission to support women over 50, as pickleball is rapidly gaining popularity among this demographic. The collaboration aims to bring the sport to a wider audience through engaging programming, content, and curated products.
QVC, Inc. has successfully completed its previously announced exchange offers for its outstanding 2027 and 2028 notes. Approximately 89% of the principal amount of these notes was tendered and cancelled. Specifically, 92.4% of the 4.750% Senior Secured Notes due 2027 and 85.5% of the 4.375% Senior Secured Notes due 2028 were exchanged.
The exchange offers resulted in QVC issuing approximately $605 million in new 6.875% Senior Secured Notes due April 2029, along with about $352 million in cash. This transaction improves QVC's credit profile by reducing its debt balance and extending its maturity profile, which could support a potential future extension of QVC and its affiliates' existing senior secured credit facility.
Liberty Interactive , a subsidiary of Qurate Retail, Inc., contributed approximately $277 million in cash to fund part of the cash consideration for the offers.
Qurate Retail Group, part of Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP), has appointed Rosalia Bucaro as Chief Merchandising Officer for HSN. Bucaro, a retail and e-commerce veteran with over two decades of experience at Rue Gilt Groupe and Bloomingdale's, will report to Stacy Bowe, President of HSN.
In her new role, Bucaro will oversee the strategic direction of merchandising, planning, programming, and business development across all product categories. Her focus will be on revitalizing product assortment, forging celebrity partnerships, and creating merchandise that resonates with existing and new customers across all channels.
Bucaro's most recent position was Executive Vice President at Rue Gilt Groupe, where she oversaw fashion divisions, boutique production, studio operations, and brand operations. She also served as a key liaison between merchandising and technology.
QVC, Inc. announced the results of its private exchange offers for outstanding 2027 and 2028 notes. Approximately 89% of the principal amount of these notes were successfully tendered. The exchange offers, which expired on September 20, 2024, aimed to swap the old notes for newly-issued 6.875% Senior Secured Notes due April 2029 and cash.
The company expects to deliver about $604.5 million in new notes and $352.0 million in cash in exchange for the tendered old notes. Liberty Interactive , a subsidiary of Qurate Retail, Inc., will contribute approximately $277.0 million to fund part of the cash consideration. This transaction is expected to improve QVC's credit profile by reducing debt balance and extending maturity profile.
QVC, a leader in live shoppable entertainment, has announced the launch of Stripes Beauty, a pro-aging beauty brand created by actress and Q50 Ambassador Naomi Watts. The brand offers science-backed solutions for perimenopause and menopause, addressing the physical and emotional changes women experience during this life stage. The collection, available on QVC.com and premiering on-air September 20, includes products like the Vag of Honor Hydrating Treatment and The Power Move Hydrating & Plumping Facial Serum.
Watts founded Stripes Beauty in 2022 to normalize conversations about menopause and promote confidence among women. The brand's launch on QVC aims to provide a platform for discussing these important topics and offer innovative products to QVC's customer base, which includes many women over 50 navigating their own menopause journeys.
QVC and the Housewares Charity Foundation have launched their fourth Living for Giving shopping event to support Feeding America. Running through December 20, 2024, across all QVC platforms, the event offers customers discounted national brand houseware products, with a minimum of 70% of the purchase price going towards Feeding America's network of food banks.
A special live broadcast will air on September 25 from 6-8 PM ET, featuring notable brands. In 2023, the campaign generated over $1.1 million, providing more than 11 million meals to people facing hunger. Since 2021, QVC and the Housewares Charity Foundation have helped deliver over 29 million meals to families in need.
QVC, Inc. has launched private exchange offers for its outstanding 2027 and 2028 Notes. The exchange aims to improve QVC's credit profile by reducing debt balances and extending maturity. Eligible holders can exchange their old notes for new 6.875% Senior Secured Notes due April 2029 and cash. The exchange offers will expire on September 20, 2024, with settlement expected on September 25, 2024. The new notes will have identical restrictive covenants to the 2028 Notes and rank pari passu with existing QVC notes. A minimum of $300 million aggregate principal amount of new notes must be issued for the exchange to proceed. The offers are only available to qualified institutional buyers and non-U.S. persons outside the United States.
Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) has announced that Greg Maffei, the company's Executive Chairman, will be presenting at the Goldman Sachs Communacopia & Technology Conference. The presentation is scheduled for Tuesday, September 10th at 6:05 p.m. E.T. in San Francisco.
During his presentation, Mr. Maffei may provide insights into Qurate Retail's financial performance and outlook, along with other relevant information about the company. This event offers an opportunity for investors and analysts to gain valuable insights into Qurate Retail's current status and future plans directly from its executive leadership.
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