by Mike Duff | Mar 13, 2023 | Retail Articles
Qurate Retail Group fell short in its fourth quarter of a Wall Street earnings estimate and just surpassed one for revenue as the company continues a restructuring initiative. Net loss for the quarter was $51 million, or 13 cents diluted per share, versus a net loss...
by Mike Duff | Nov 7, 2022 | Retail Articles
Qurate Retail took major impairment charges in the third quarter related to goodwill, the trade names of HSN and Zulily and recent performance, but the company still posted a loss after adjustment. For the third quarter, Qurate Retail recorded a company net loss of...
by Mike Duff | Sep 8, 2022 | Retail Articles
Qurate Retail Group has named Soumya Sriraman president of streaming for the company as it announced that its HSN banner has expanded livestreaming and video storytelling to YouTube TV. Sriraman was head of Prime video channels at Amazon prior to her move to Qurate,...
by Mike Duff | Aug 8, 2022 | Retail Articles
A fire and inflation contributed to less-than-expected second quarter financial results at Qurate Retail, even as it undertakes a strategic turnaround initiative. Company net income in the quarter was $203 million, or 53 cents per diluted share, versus $222 million,...
by Mike Duff | Jun 30, 2022 | Featured News, Retail Articles
Qurate Retail President and CEO David Rawlinson II shared a three-year company turnaround plan called Project Athens designed to stabilize and differentiate the core businesses while expanding the company’s leadership in video streaming commerce. The five-point plan,...
