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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, 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.
QVC has launched the exclusive BFF Collection by Jennie Garth and Tori Spelling on January 26, 2023. This curated home décor collection is designed to simplify decorating while adding style to any space. The collection features 11 items, including entertainment carts and decorative pillows, priced between $49 and $242. Garth and Spelling drew inspiration from their long-standing friendship in creating the collection. Their live on-air debut occurred at 8 p.m. EST on the same day. QVC emphasizes providing affordable, sophisticated home accents through its influential video commerce platform.
Qurate Retail, Inc. (NASDAQ: QRTEA, QRTEB, QRTEP) announces a conference call on March 1, 2023, at 8:30 a.m. E.T. to discuss Q4 2022 results. A press release detailing financial performance will be issued before market trading opens that day. The call aims to cover Qurate Retail's performance and future outlook. Participants can join via InComm Conferencing or listen online at the Qurate Retail website. The company operates renowned retail brands such as QVC® and HSN®, reaching over 200 million homes globally through diverse platforms. The recording will be available on the website post-call.
Zulily has launched the "Magic for Moms" initiative, offering a total of $40,000 in store credit to support busy moms during the holiday season. The program will provide 1,000 moms with $40 each to facilitate their shopping experience. Recent surveys indicate that 67% of moms spend over a full workweek on holiday comparison shopping, with 89% prioritizing family gifts over personal shopping. Zulily aims to alleviate this burden by offering exclusive deals, allowing moms to save time and money as they prepare for the holidays.
QVC and HSN have launched as the exclusive livestream shopping channels on Pluto TV, offering around 40 hours of live programming daily. This strategic move is part of Qurate Retail Group's goal to expand its vCommerce reach across new platforms. Noteworthy shows, such as QVC's "In the Kitchen with David" and HSN's "Gotta See G by Giuliana Rancic," attract significant viewership, reaching hundreds of thousands of homes per hour. Qurate Retail aims to enhance customer engagement through diverse shopping experiences on Pluto TV.
QVC and HSN have launched their linear channels on The Roku Channel, marking a significant expansion in their vCommerce reach. As the first livestream shopping channels on the service, they aim to engage an audience of approximately 80 million U.S. households. Each channel will offer around 40 hours of live programming daily, featuring brands and products presented by well-known personalities. This initiative enhances Qurate Retail's strategic goal to broaden its digital presence and reach over 200 million homes globally.
Qurate Retail, Inc. has announced a regular quarterly cash dividend of $2.00 per share on its 8.0% Series A Cumulative Redeemable Preferred Stock. The dividend is payable on December 15, 2022, to stockholders of record by the close of business on November 30, 2022. Qurate Retail is a major player in video commerce, owning brands like QVC and HSN, and reaching over 200 million homes worldwide. The firm primarily engages in video-driven shopping across multiple platforms.
Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) reported a significant 13% decrease in revenue to $2.7 billion for Q3 2022, driven by a challenging retail environment and the residual impacts of a December 2021 fulfillment center fire. The company posted a diluted EPS of $(7.21), mainly due to non-cash impairments totaling $2.8 billion for goodwill and tradenames. Despite issues, Qurate continues to focus on its Project Athens strategy aimed at growth and improving cash flow, including attracting new executive talent. Insurance proceeds of $180 million were received, continuing to support recovery efforts.
QVC will host its largest live shopping event, the Nonstop Holiday Party, on November 5-6, 2022. This unique 49-hour event will feature various celebrity guests, including the Radio City Rockettes and Idina Menzel, alongside early Black Friday sales and exclusive holiday gifts. Streaming will occur across multiple platforms, including QVC, QVC2, and QVC's online channels. Shoppers can expect significant discounts on tech, beauty, and fashion items, with all orders guaranteed by December 24.
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