Jewelry retailer, TV brand closed after Chapter 7 bankruptcy

E-commerce Impact on Retail - E-commerce sales increased by 5.1% in Q3 2025 compared to Q3 2024, while total retail sales rose by 4.1% in the same period, with e-commerce accounting for 16.4% of total sales [1] Home Shopping Networks Struggles - HSN and QVC, the two largest home-shopping networks, have faced significant challenges due to the rise of the internet and changing consumer behavior [2][3] - HSN relocated its headquarters to QVC's campus in Philadelphia in 2025 to reduce costs [2] - Primetime Shopping Network declared Chapter 7 bankruptcy and ceased operations, highlighting the difficulties smaller players face in the market [2][6] Shift in Consumer Behavior - Younger consumers are increasingly spending time on social media, leading QVC to shift its focus from traditional TV to social and streaming platforms [4] - The decline in traditional TV viewership is evident, with QVC's main channel reaching 44% fewer homes and HSN 47% fewer homes in 2024 compared to 2018 [7] - TV viewing minutes for QVC and HSN dropped by 4%, while news and information programming gained viewership, indicating a shift in consumer attention away from shopping channels [7]