Despite the recent stock price decline, Qurate Retail remains financially strong with $873 million in cash and a $1.8 billion credit availability, focusing on debt reduction and strategic growth. CEO David Rawlinson emphasizes disciplined cost management, maintaining gross margins, and proactive balance sheet management amid challenging macroeconomic conditions and declining sales. Qurate Retai...
ENGLEWOOD, Colo.--(BUSINESS WIRE)--Qurate Retail, Inc. ("Qurate Retail") (Nasdaq: QRTEA, QRTEB, QRTEP) today announced the payment of a semi-annual interest payment and Regular Additional Distribution to the holders as of November 1, 2024 of the 4.0% Senior Exchangeable Debentures due 2029 (the "Debentures") issued by its wholly-owned subsidiary, Liberty Interactive LLC (“LI LLC”).The semi-annu...
Company to Become 'QVC Group' in Q1 2025, Leveraging the Brand Equity of Flagship Brand WEST CHESTER, Pa. , Nov. 15, 2024 /PRNewswire/ -- Qurate Retail GroupSM, part of Qurate Retail, Inc. (Nasdaq: QRTEA, QRTEB, QRTEP), today announced a new strategy to build on its proud legacy in TV and expand into a live social shopping company.
I'm buying Qurate Retail's 8.0% Series A Cumulative Preferred Stock at a 60% discount to their liquidation value and with a 20% yield on cost. The current discount is expected to close as Qurate's deleveraging, free cash flow, and Fed rate cuts improve market sentiment. Preferreds are down despite favorable Fed rate cuts, with redemption obligations by 2031, suggesting an undervalued opportunity.
Sandra Lee will also host a new three-part QVC special, " Sandra Lee NOW", bringing customers the best holiday finds, tips and tricks WEST CHESTER, Pa. , Nov. 8, 2024 /PRNewswire/ -- Everyone's favorite aunt, Aunt Sandy Claus is coming to QVC®, just in time for the holidays to make everything easier and more festive.
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