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Qurate Retail, Inc. 8.0% Fixed Rate Cumulative Redeemable Preferred Stock - QRTEP STOCK NEWS

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Qurate Retail, Inc., a Fortune 500 company, operates in the video and online commerce industries across North America, Europe, and Asia. Its segments include QxH, QVC International, and Zulily, offering a wide variety of consumer products through televised shopping programs and online platforms.

Qurate Retail is leading the way in the Age of Possibility, empowering women over 50 to seize new opportunities and live authentically. Through its dedicated efforts, the company is disrupting stereotypes and supporting women in this vibrant stage of life.

Recently, Qurate Retail launched 'The Big Dish' on The Roku Channel, featuring a mix of original culinary content from QVC, QVC2, HSN, and the QVC+ and HSN+ streaming services. This move showcases the company's commitment to expanding its vCommerce experiences across different digital platforms.

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QVC has announced an exclusive collaboration with Stacy London, renowned stylist and Q50 Ambassador, launching the 'by Stacy London' apparel collection. Premiering on-air on August 23, the collection is designed to empower women over 50 through fashion, aligning with QVC's Age of Possibility initiative. The line features inclusive sizing from XXS to 3X (0-28) and prices ranging from $39.00 to $150.00.

The collection includes versatile wardrobe staples and statement pieces, incorporating Stacy's signature 'addables' - interchangeable collars and cuffs for customizable looks. This launch marks an important addition to QVC's fashion offerings, aiming to inspire confidence and self-expression in their 50+ customer base.

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Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP) has declared a quarterly cash dividend for holders of its 8.0% Series A Cumulative Redeemable Preferred Stock. The dividend amount is $2.00 per share, payable on September 16, 2024, to stockholders of record at the close of business on September 3, 2024. Qurate Retail is a Fortune 500 company comprising six retail brands: QVC, HSN, Ballard Designs, Frontgate, Garnet Hill, and Grandin Road. As the largest player in video commerce, Qurate Retail Group reaches over 200 million homes worldwide through various channels, including TV, streaming platforms, websites, and mobile apps.

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Qurate Retail (Nasdaq: QRTEA) reported a mixed second quarter 2024 performance. Despite a 9% revenue decrease, the company achieved a 4% increase in Adjusted OIBDA. Operating income fell by 55%, totaling $165 million due to the absence of significant gains recorded last year. Qurate's focus on cost management and enhancing product margins helped reduce net debt by $71 million. Key segments experienced revenue declines: QxH down 4%, QVC International down 5% in USD but flat in constant currency, and Cornerstone down 14%. Excluding Zulily, total revenue dropped 5% in USD. The company is optimistic about serving its core demographic, women over fifty, via the QVC Age of Possibility campaign launched in April.

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Qurate Retail Group, part of Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP), has appointed Mara Sirhal as Chief Merchandising Officer for QVC US, its largest business unit. Sirhal brings over 20 years of experience in merchandising, product and brand development, and sourcing. She will report to Mike Fitzharris, President of QVC US, and lead QVC's merchandising strategy across all product categories.

Sirhal will focus on aligning the assortment with QVC's Age of Possibility campaign, targeting women consumers ages 50+. She will oversee the Buying, Planning & Programming organization and the Design Development & Global Sourcing team. Sirhal's appointment is expected to strengthen QVC's position in the marketplace and drive product discovery for its target audience.

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QVC has launched Cay Skin, a new inclusive suncare line by Winnie Harlow, premiering on-air and on QVC.com starting July 12, 2024. Targeting women over 50, the line offers daily skin protection with products formulated for various skin tones and conditions. Highlights include the Isle Glow Face Moisturizer, which is silicone-free, non-comedogenic, and features Aloe Vera Leaf Juice and seaweed extract, inspired by Harlow's Jamaican heritage. Customers can tune into QVC's Beauty Revolution show on July 12 at 9:00 p.m. EST to see the exclusive product bundle and shop the collection online.

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Qurate Retail (Nasdaq: QRTEA, QRTEB, QRTEP) will release its Q2 2024 earnings on August 8th, before market open, followed by a conference call at 8:30 a.m. ET. The announcement will cover their financial performance and outlook. Detailed results will be available on their website.

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HSN has launched HSNfluencer, a new creator platform powered by impact.com, to enhance collaboration with influencers and increase consumer engagement. The platform allows HSN to manage and analyze creator partnerships in a streamlined, customizable environment, providing tools and support for content creators to generate affiliate links and curated collections. This initiative aims to leverage the growing creator economy, expected to reach $480 billion by 2027, by building direct relationships with creators and improving customer shopping experiences through trusted recommendations.

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Qurate Retail announced that their President & CEO, David Rawlinson, will join a panel discussion at the Evercore ISI Consumer and Retail Conference on June 11th at 2:45 p.m. ET. During this event, Rawlinson is expected to provide insights into the company's financial performance and future outlook. This appearance aims to highlight Qurate Retail's strategic direction and operational achievements to investors and stakeholders.

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Qurate Retail (Nasdaq: QRTEA, QRTEB, QRTEP) announced a quarterly cash dividend of $2.00 per share for its 8.0% Series A Cumulative Redeemable Preferred Stock. The dividend will be payable on June 17, 2024, to stockholders of record as of May 31, 2024. Qurate Retail, a Fortune 500 company, operates six major retail brands, including QVC and HSN, and is a leader in video commerce, reaching over 200 million homes globally through various platforms.

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Qurate Retail (Nasdaq: QRTEA, QRTEB, QRTEP) will host its virtual Annual Meeting of Stockholders on June 10, 2024, at 9:00 a.m. M.T. Stockholders of record as of April 16, 2024, can participate by logging in at www.virtualshareholdermeeting.com/QRI2024 using their 16-digit control number. The meeting will allow stockholders to listen, vote, and ask questions. Technical support will be available 10 minutes before the meeting. An archive of the webcast will be accessible on the Qurate Retail website after SEC filings. Qurate Retail, a Fortune 500 company, includes six leading retail brands and is the largest player in video commerce, reaching over 200 million homes worldwide through various platforms.

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FAQ

What is the current stock price of Qurate Retail 8.0% Fixed Rate Cumulative Redeemable Preferred Stock (QRTEP)?

The current stock price of Qurate Retail 8.0% Fixed Rate Cumulative Redeemable Preferred Stock (QRTEP) is $32.75 as of December 24, 2024.

What industries is Qurate Retail, Inc. involved in?

Qurate Retail, Inc. operates in the video and online commerce industries across North America, Europe, and Asia.

What segments make up Qurate Retail's operations?

Qurate Retail's segments include QxH, QVC International, and Zulily, offering a wide variety of consumer products through televised shopping programs and online platforms.

What is the Age of Possibility initiative by Qurate Retail?

The Age of Possibility is a campaign by Qurate Retail that empowers women over 50 to embrace new opportunities and live authentically.

What is 'The Big Dish' on The Roku Channel?

'The Big Dish' is a channel launched by Qurate Retail on The Roku Channel, featuring original culinary content from QVC, QVC2, HSN, and the QVC+ and HSN+ streaming services.

What recent collaboration has Qurate Retail announced?

Recently, Qurate Retail collaborated with Gordon Brothers and designer Nicole Miller to launch the nicole by Nicole Miller collection exclusively for QVC.

Where can I find more information about Qurate Retail's products and initiatives?

To stay informed about Qurate Retail's latest updates and products, visit QVC.com and explore the diverse offerings and campaigns.

Qurate Retail, Inc. 8.0% Fixed Rate Cumulative Redeemable Preferred Stock

Nasdaq:QRTEP

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11.60M
8.43%
22.06%
Internet Retail
Retail-catalog & Mail-order Houses
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United States of America
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