Qurate Retail Inc - QRTEP STOCK NEWS

Zulily, an online retailer, has released its Best Time to Shop Report, guiding moms on when to shop to maximize savings amid rising inflation and supply chain challenges. The report highlights that Zulily offers discounts up to 97% lower than competitors. Key insights reveal that February is ideal for purchasing spring décor, beauty products, and summer essentials, as these items are linked to emotional well-being. The report aims to ease shopping stress for moms, promoting year-round savings through strategic planning.

Zulily has launched its first capsule collection inspired by designs from six young winners of its 2021 #UniquelyZu contest. Available from Jan. 5 to Jan. 19, this collection offers over 60 styles for kids, featuring swimwear and cover-ups priced between $12.99 and $29.99. The initiative aims to address the increasing demand for personalized fashion among children, as 79% report feeling happier in new clothes. The collection showcases contributions from kids aged 7 to 14, reflecting their unique perspectives on style and self-expression.

On December 18, 2021, QVC's fulfillment center in Rocky Mount, North Carolina, suffered a fire, leading to its closure. QVC ensures that all affected team members will receive their salaries through December while evaluating operational alternatives and the fire's financial impact. The Rocky Mount center is crucial, handling 25-30% of QVC and HSN's volume, complicating the recovery process. The company is assessing salvageable inventory and exploring secondary fulfillment options. QVC has fire damage insurance and is cooperating with authorities on the incident investigation.

QVC has launched a holiday fundraising initiative with Meals on Wheels America and No Kid Hungry, aiming to combat hunger among vulnerable populations, including children and seniors. From now until December 24, for every select item purchased, QVC will donate $1, with a total goal of raising $350,000 to provide over 1.7 million meals. Customers can also donate directly to these organizations through QVC's platform. This effort follows a successful campaign in 2020 that raised $2.6 million for the charities.

HSN has launched a new fragrance, Love Memoir, by supermodel Iman, inspired by her romance with David Bowie. This exclusive scent features notes of rose, vanilla, bergamot, vetiver, and blackcurrant, reflecting the couple's enduring love. The fragrance will be available on HSN.com and introduced through livestreaming on November 19, 2021. The signature bottle design symbolizes unity and strength, inspired by the couple's memories. Developed in partnership with Batallure Beauty, the fragrance marks Iman's first entry into this market.

Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) has announced key dates for its upcoming special cash dividend for Series A and B common stockholders. Key dates include November 11, 2021, as the last day to purchase shares for the dividend, November 12, 2021, as the ex-dividend date, and November 15, 2021, as the record date. The payment date for the special cash dividend is set for November 22, 2021. This announcement does not pertain to the previously declared regular quarterly cash dividend for its 8.0% Series A Cumulative Redeemable Preferred Stock.

Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) has announced a quarterly cash dividend of $2.00 per share for its 8.0% Series A Cumulative Redeemable Preferred Stock. This dividend will be payable on December 15, 2021, to stockholders of record as of November 30, 2021. Qurate Retail operates a portfolio of leading retail brands and is prominent in video commerce and e-commerce in North America, reaching approximately 218 million homes globally through multiple platforms.

Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) announced a $1.25 special cash dividend per common share, totaling approximately $495 million. The company reported a 7% revenue decline to $3.1 billion in Q3 2021 compared to the previous year, with diluted EPS at $0.31 and adjusted EPS at $0.30. Revenue from QxH decreased 8%, Zulily 17%, while Cornerstone grew 7%. Operating income fell 33% to $274 million, affected by supply chain issues and cost inflation.

Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) announced a special cash dividend of $1.25 per common share, totaling approximately $495 million, based on shares outstanding as of October 31, 2021. The dividend will be paid on November 22, 2021, to stockholders of record as of November 15, 2021. Further details regarding the ex-dividend date will be provided in a future press release.