Group 1 - Qurate Retail, Inc. (NASDAQ: QRTEA) is a large retail/media company known for its QVC brand [1] - The company is undergoing a transition from cable TV to e-commerce, facing challenges from cable cord cutting [1] - There are concerns that the shift in consumer behavior could threaten the company's business model [1] Group 2 - The company has a significant presence in the retail sector, but must adapt to changing market dynamics [1]

Thomas Wilson prepares to hit a shot from Ross Whittaker and Christopher Haworth during the first round of the Pro Mens Doubles at the 2023 BioFreeze USA Pickleball National Championships held at the Brookhaven Country Club on November 8, 2023 in Dallas, Texas. QVC, the owner of home shopping networks on TV and streaming, has signed a deal with USA Pickleball to bring the sport to its platforms. In a multiyear partnership, QVC has acquired the exclusive broadcast rights of USA Pickleball, the national gover ...

This is a vulture-investing investment opportunity for high-risk, high-reward investors. Qurate Retail, Inc. (NASDAQ: QRTEA ) is one of the top TV shopping providers, operating several channels (QVC, QVC2, HSN, HSN2) across the globe, in addition to digital streaming services found on the Bashar is a contributing writer at Seeking Alpha, focusing on Long/Short investment ideas, with a geographic focus in North America. Before that, Bashar worked at an Investment Fund in the United Kingdom. He has a Master's ...

Exhibit 99.1 QURATE RETAIL, INC. REPORTS SECOND QUARTER 2024 FINANCIAL RESULTS Englewood, Colorado, August 8, 2024 – Qurate Retail, Inc. ("Qurate Retail") (Nasdaq: QRTEA, QRTEB, QRTEP) today reported second quarter 2024 results (1). "We delivered a solid quarter of earnings in a continued challenged macro environment. While revenue was in line with overall discretionary retail, we expanded gross margins for the fifth consecutive quarter, generated $165 million in operating income, grew Adjusted OIBDA for th ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-33982 QURATE RETAIL, INC. (Exact name of Registrant as specified in its charter) State of Delaware (State or other jurisd ...

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Financial Data and Key Metrics Changes - Total company revenue declined, reflecting lower volume, particularly at QxH and Cornerstone brands [4] - Gross margin expanded for the fifth consecutive quarter, with margin expansion at all business units [4] - Adjusted OIBDA growth and adjusted OIBDA margin expansion for the fourth consecutive quarter [5] - Free cash flow was a source of $164 million in the first half of 2024, compared to a source of $6 million last year [19] - Net debt was $4.7 billion, down $179 million from March 31 [20] Business Line Data and Key Metrics Changes - QxH revenue declined 4% due to lower unit volume, with jewelry growing 12% while beauty and electronics declined [15] - QVC International revenue was flat, with adjusted OIBDA increasing 8% and adjusted OIBDA margin expanding 75 basis points [18] - Cornerstone revenue declined 14% due to low demand from the housing market, but gross margin expanded 320 basis points [12][18] Market Data and Key Metrics Changes - QxH customer count declined 5%, but retention of existing customers improved [8] - Demand for innovative kitchen electrics and celebrity chef cookware remained strong, while clearance apparel and higher-cost items saw less favorable responses [9][10] - QVC U.K. and Japan saw revenue growth in mid and low single digits, respectively, while Germany declined [11][17] Company Strategy and Development Direction - The company is focused on executing Project Athens to drive margin expansion and cost efficiencies [14][26] - A multiyear agreement with USA Pickleball was signed to enhance brand visibility and engagement [7] - The company plans to continue disciplined cost management and anticipates further margin expansion from Project Athens initiatives [13][21] Management Comments on Operating Environment and Future Outlook - Management noted that consumers are being selective in their spending, with a focus on necessities [24] - The macroeconomic environment remains challenging, with pressures from inflation and housing market conditions [4][24] - Management expects continued volatility in freight costs and supply chain disruptions but believes they can manage these challenges [36][43] Other Important Information - The company received a notice from NASDAQ regarding its stock price falling below $1 per share, starting a 180-day compliance period [20] - A new Chief Merchandising Officer was appointed to enhance leadership in the largest business segment [14] Q&A Session Summary Question: Insights on consumer spending trends - Management observed that consumers are being choosy, with a slight increase in price sensitivity, but not a complete pullback on spending [23][24] Question: Margin improvement drivers for the second half of the year - Margin improvements are primarily driven by Project Athens, which encompasses various cost-saving initiatives [26] Question: Sequential performance and exit rate into Q3 - No significant changes in key trends were noted, with viewership affected by macro events [30][32] Question: Changes in average spend per customer - Existing customers spent an average of $1,665, up 8% year-on-year, while best customers spent $3,950, up 6% year-on-year [33] Question: Freight cost expectations for 2024 - Anticipated volatility in freight costs due to global vessel capacity shortages and potential labor negotiations [36] Question: Cash disclosure at Cornerstone - The cash disclosure was made to provide a comprehensive view of cash at various entities [40] Question: Mitigation of tariffs based on election outcomes - The company has diversified its supply sources to manage tariff impacts effectively [43]

"Me" by Jennie Garth brings a seamless fusion of fashion and timeless comfort to QVC "Me" by Jennie Garth will feature thoughtfully curated drops inspired by different locations and cities, and the tones, textures, and feelings they evoke. The first launch collection is inspired by the colors and textures of the California Central Coast. All the denim pieces in the collection, including jeans, jackets, jumpsuits and skirts, are made with a recycled "REPREVE Our Ocean" fabrication, polyester viscose that is ...

Company Leadership Update - Qurate Retail Group appoints Mara Sirhal as Chief Merchandising Officer for QVC US, effective immediately [1][6] - Sirhal brings over 20 years of experience in merchandising, product development, and brand leadership, with prior roles at Saks Off 5th, Bed, Bath & Beyond, and Macy's [2] - She will report to Mike Fitzharris, President of QVC US, and replaces Stacy Bowe, who moved to lead Qurate Retail's HSN business unit earlier this year [1] Strategic Responsibilities - Sirhal will lead QVC's merchandising strategy across key categories including home, fashion, beauty, electronics, and jewelry [4] - She will oversee QVC's Buying, Planning & Programming organization and lead the Design Development & Global Sourcing (DDGS) team, which focuses on creating new brands and products in apparel, accessories, outerwear, and home décor [4] - Her role aligns with QVC's Age of Possibility campaign, targeting women consumers aged 50+ [4] Industry Context - Qurate Retail Group is a Fortune 500 company and a leader in video commerce (vCommerce), reaching over 200 million homes globally through 15 TV channels and digital platforms [3][8] - The company operates six retail brands: QVC, HSN, Ballard Designs, Frontgate, Garnet Hill, and Grandin Road, combining shopping and entertainment for millions of customers [8] - Qurate Retail Group's vCommerce strategy spans linear TV, ecommerce sites, digital streaming, and social platforms, with a strong presence in the US, UK, Germany, Japan, Italy, Poland, and China [8]

WEST CHESTER, Pa., July 12, 2024 /PRNewswire/ -- QVC®, world leader in live shoppable entertainment announced today it has launched Cay Skin. The suncare line, which premieres on-air and on QVC.com on July 12, aims to keep skin glowing and protected throughout the year. "Our beauty customers are women, over the age of 50, who value the importance of suncare and skincare. They want protective, skin nourishing products that are easy to incorporate into their daily skin routines," said Anna Baker, Vice Preside ...