Welcome to our dedicated page for Qurate Retail news (Ticker: QRTEB), a resource for investors and traders seeking the latest updates and insights on Qurate Retail stock.
Qurate Retail Group (QRTEB) delivers innovative video commerce experiences through its portfolio of brands including QVC, HSN, and specialty home retailers. This page provides investors and stakeholders with comprehensive access to official company announcements and market-relevant developments.
Track all critical updates in one centralized location, including earnings reports, strategic partnerships, leadership changes, and operational milestones. Our curated news collection ensures efficient monitoring of Qurate Retail's vCommerce innovations, digital expansion efforts, and brand portfolio evolution.
Key content focuses include quarterly financial results, exclusive product collaborations, streaming commerce advancements, and corporate responsibility initiatives. Each update is verified through primary sources to maintain factual integrity and compliance standards.
Bookmark this page for streamlined access to Qurate Retail's latest developments. Combine these timely updates with historical announcements to analyze the company's progress in merging entertainment, technology, and retail.
Qurate Retail reported strong Q4 and full year 2020 results, with total revenues of $4.5 billion in Q4 and $14.2 billion for the year, marking increases of 7% and 5% respectively. eCommerce revenue surged 12% in Q4, contributing 65% of total revenue. Diluted EPS reached $1.56 in Q4 and $2.86 for the year. The company returned approximately $1.4 billion to shareholders through dividends and share repurchases. Notably, operating income saw a substantial rise, reflecting effective strategies amid changing market dynamics.
Qurate Retail announced that Greg Maffei, Executive Chairman, will present at the Morgan Stanley Technology, Media and Telecom Conference on March 1 at 4:15 p.m. E.S.T. His presentation may cover the company's financial performance and future outlook. Interested individuals can watch the live broadcast on the Qurate Retail website, with an archive available for 180 days post-event. Qurate Retail, operating various digital commerce businesses, includes entities like QVC and Zulily.
Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) has announced a cash dividend of $2.00 per share for its 8.0% Series A Cumulative Redeemable Preferred Stock. This dividend is payable on March 15, 2021 to stockholders of record as of March 1, 2021. Qurate Retail operates a diverse range of digital commerce businesses, including QVC and Zulily, among others, and holds interests in renewable energy.
Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) has announced the payment of a semi-annual interest payment of $18.75 per $1,000 principal for its 3.75% Senior Exchangeable Debentures due 2030, along with a regular additional distribution of $0.28730 per Debenture. These payments are scheduled for February 16, 2021, for holders of record as of February 1, 2021. The adjusted principal amount of the Debentures will not affect the interest payments. This is the first additional distribution since an Extraordinary Additional Distribution was made in 2013.
HSN, a leading video commerce retailer, is set to launch its inaugural Discovery Days event from February 19, 2021, offering discounts of up to 30% on national and private label brands. The 10-day event will feature popular items, including the Dyson Cyclone V10 Vacuum and Nutribullet Pro Blender, with special promotions like free shipping on February 20. The event also highlights a new beauty show, Shades of Beautiful, focusing on inclusive brands. Customers can enjoy additional savings through Flex Pay and HSN Credit Card perks.
Qurate Retail Group, through QVC and HSN, will introduce over 90 emerging brands in 2021, focusing on diversity with two-thirds being women-owned or minority-owned. This initiative, part of 'The Big Find', aims to showcase entrepreneurs through livestream shopping, responding to consumer demand especially in home décor and culinary categories during the pandemic. Launches include brands like Pili Ani and 54 Thrones by March. QVC and HSN continue to engage millions worldwide, fostering growth for new brands through mentorship and expanded market reach.
Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) will release its fourth-quarter 2020 results on February 25 at the market close, followed by a conference call on February 26 at 8:30 a.m. (E.S.T.). CEO Mike George and Executive Chairman Greg Maffei will host the call, discussing the company's financial performance and outlook. Interested parties can join the live call by calling GlobalMeet or through the Qurate Retail website. The call will be archived for one year following the appropriate SEC filings.
QVC has launched on YouTube TV, enhancing its accessibility to a broader audience with over 3 million subscribers. This move marks QVC as the only livestream shopping channel on the platform, now available on multiple subscription services with a total of more than 8 million subscribers. QVC aims to attract new customers while retaining current viewers. The collaboration is part of a strategic plan to expand QVC's presence across various media platforms, reaching approximately 380 million homes worldwide. This launch supports QVC's unique video commerce experience.
Soulgani Active, led by CEO Christina Sparks, will launch its Bali-inspired activewear collection on QVC on January 25, 2021, at 8 PM EST. This follows their success in QVC and HSN's The Big Find product search, highlighting innovative new products. The collection features wicking leggings, low-impact sports bras, and tops inspired by Bali, with a commitment to donate 5 meals to Feeding America for each item sold. Soulgani aims to empower women through its designs while supporting charitable causes.
Qurate Retail Group announces the expansion of the Small Business Spotlight initiative in partnership with the NRF Foundation to support 100 entrepreneurs from diverse backgrounds in 2021. Selected businesses will gain on-air and digital exposure via QVC, HSN, and Zulily, along with pro-bono services. Applications are open until February 26, with eligibility criteria including 100 or fewer employees and diverse ownership. The program, initially launched in May 2020, previously helped small businesses increase sales and customer reach significantly.
