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.
Online retailer Zulily has launched its first-ever Blankie Backup Bundle as part of the Welcome Baby shopping event to help families prepare for summer travel. From April 12 through April 28, the sale includes bundles of stuffed animals, plush toys, and baby blankets, allowing parents to stock up on backups for their children’s favorite items. A recent survey revealed that over 54% of moms have experienced losing a child's beloved item while traveling, often leading to significant stress. The average vacation for a family of four now costs close to $5,000, prompting moms to seek solutions that ease travel-related worries without overspending. Zulily aims to alleviate this common source of parental anxiety while providing discounts of up to 65% on various children's products during this shopping event.
Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) is set to announce its first-quarter 2023 results on May 5 at 8:00 a.m. E.T.. The company's conference call will provide insights into its financial performance and future outlook. Interested parties can join the call by dialing (877) 704-4234 or +1 (215) 268-9904 and using the passcode 13736370. The call will also be streamed live on Qurate Retail’s website, where archived replays will be available post-call. Qurate Retail encompasses notable brands including QVC, HSN, and Zulily, and operates within the video commerce sector, reaching over 200 million homes globally through various platforms.
QVC has announced a commitment to enhance accessibility in its shopping experience, appointing Selma Blair as its Brand Ambassador for Accessibility. The company has launched an Accessible & Adaptive category, featuring a wide range of products to meet the needs of customers with disabilities. An on-air show called Accessible Living will focus on simplifying daily tasks. QVC aims to improve all customer interactions by increasing awareness of adaptive features and engaging with the disability community. The initiative is part of QVC's broader goal to foster inclusive shopping experiences for all consumers.
Qurate Retail Group has appointed Bill Wafford as its new Chief Financial Officer, effective March 20, 2023. With over 25 years of corporate finance experience, Wafford's background includes leadership roles at companies like JCPenney and Everlane. He will report to David Rawlinson II, CEO, who noted that Wafford's expertise aligns with the company's multi-year growth plan focused on strengthening the core business and advancing in the video streaming commerce space. James Hathaway will continue as CFO for QVC US, enhancing continuity during the company's transformation efforts.
Qurate Retail reported challenging fourth quarter and full-year 2022 results with total revenue decreasing 13% to $3.5 billion in Q4 and 14% to $12.1 billion for the full year. The company faced impacts from a 2021 fulfillment center fire and macroeconomic pressures that weakened consumer demand. Diluted EPS was $(0.13) in Q4 and $(6.83) for the full year. Despite a structural reorganization and actions to cut costs and reduce excess inventory, all main revenue segments, including eCommerce and international sales, recorded declines. The company aims for operational improvement and has appointed Bill Wafford as CFO, effective March 20, 2023.
Qurate Retail, Inc. (NASDAQ: QRTEA, QRTEB, QRTEP) announced that
QVC, a leader in video commerce, launched a new performance wear line called Gymwrap, co-founded by Nicole Ari Parker and Boris Kodjoe, on February 21, 2023. This activewear collection is tailored for women with busy lifestyles, featuring a range of products including headbands, T-shirts, leggings, and jackets, priced between $22 and $54. The couple will debut the line live on QVC on February 24, 2023. This collaboration emphasizes size inclusivity and affordability, catering to the unique needs of women, particularly in relation to hair protection during exercise. The launch aligns with QVC's commitment to empowering women through curated fashion offerings.
Qurate Retail, Inc. (NASDAQ: QRTEA, QRTEB, QRTEP) announced a quarterly cash dividend of $2.00 per share on its 8.0% Series A Cumulative Redeemable Preferred Stock. This dividend is payable on March 15, 2023, to stockholders of record as of February 28, 2023. The company is a leading player in video commerce, reaching over 200 million homes globally through its various retail brands, including QVC and HSN.
On January 26, 2023, QVC launched The BFF Collection by Jennie Garth and Tori Spelling, featuring exclusive home décor items designed to enhance functionality and style. This collection includes 11 curated products like entertainment carts and decorative pillows, priced between $49 and $242. Garth and Spelling, known for their role in "Beverly Hills 90210," aimed to bring personal inspiration into their designs. The collection is exclusively available on QVC and marks a significant addition to their home product lineup. QVC, part of Qurate Retail (NASDAQ: QRTEA, QRTEB, QRTEP), leverages its live video commerce platform to promote these new offerings.
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