topic Re: Why Q is failing and not turning around. Interesting article, Bye Q as we know it. in Q Talk

Why Q is failing and not turning around. Interesting article, Bye Q as we know it.

ellaphant — Fri, 10 Mar 2023 00:57:59 GMT

https://seekingalpha.com/article/4585610-qurate-retail-struggling-business-tough-times-ahead

If link doesn't work go to

seekingalpha.com

and look for Qurate article.

Re: Why Q is failing and not turning around. Interesting.

ellaphant — Thu, 09 Mar 2023 23:40:36 GMT

As expected 1) Not attracting new customers
2) Too much competition

Re: Why Q is failing and not turning around. Interesting.

Sweetbay magnolia — Thu, 09 Mar 2023 23:45:42 GMT

QVC is no going anywhere, IMO. This is a rough patch, though I agree with those who believe Dan and Carolyn's firing was unjust.

Re: Why Q is failing and not turning around. Interesting.

Icegoddess — Thu, 09 Mar 2023 23:58:02 GMT

Can't read without creating an account.

Re: Why Q is failing and not turning around. Interesting.

deeva — Fri, 10 Mar 2023 00:07:55 GMT

And the article states that the variety of products offered is very limited compared to other retailers.

Re: Why Q is failing and not turning around. Interesting.

kaydee50 — Fri, 10 Mar 2023 00:17:37 GMT

@deeva wrote:
And the article states that the variety of products offered is very limited compared to other retailers.

On the basis of what is aired I think that's true. But I checked the website and put in "furniture". Over 2,000 items come up in that category alone. Unfortunately, we never get to actually see them. Which leads to my opinion!! that QVC should become just an online retailer and forget about the 3??? channels, expensive sets and hosts.

BTW, I didn't read the article because I couldn't access it.

Re: Why Q is failing and not turning around. Interesting.

ellaphant — Fri, 10 Mar 2023 00:59:51 GMT

@Sweetbay magnolia wrote:
QVC is no going anywhere, IMO. This is a rough patch, though I agree with those who believe Dan and Carolyn's firing was unjust.

Rough patch??? Guess you didn't read article.

Q will be gone in its current format in the next year or so.

They are in terrible shape

Re: Why Q is failing and not turning around. Interesting.

Marceil — Fri, 10 Mar 2023 01:07:02 GMT

If qvc tanks I hope Kim Gravel can sell her clothes somewhere else. I only wear her jeans anymore.

Re: Why Q is failing and not turning around. Interesting.

Not 2 Day — Fri, 10 Mar 2023 01:14:39 GMT

@ellaphant wrote:
@Sweetbay magnolia wrote:
QVC is no going anywhere, IMO. This is a rough patch, though I agree with those who believe Dan and Carolyn's firing was unjust.
Rough patch??? Guess you didn't read article.
Q will be gone in its current format in the next year or so.
They are in terrible shape

This might be why their customer service has become so iffy in terms of shipping and refunding people in a timely fashion.

Re: Why Q is failing and not turning around. Interesting article, Bye Q as we know it.

Skyegirl21 — Fri, 10 Mar 2023 01:16:51 GMT

All speculation... I don't believe Q will be gone. When they have something good, they sell 10,000+ of them ( just my average estimated number, could be different) - Brick and mortar can't compete with those numbers. They would go sooner or buy out Q!

Re: Why Q is failing and not turning around. Interesting article, Bye Q as we know it.

MW in Iowa — Fri, 10 Mar 2023 01:37:22 GMT

QVC isn't failing anymore than almost any other retailer , People do watch less cable for sure , and stream more than ever. There are 800 stores closing this year from a variety of retail. I am not shocked about lay offs , but i am still scratching my head at the choice of Carolyn though , But there are always things we don't know.

Re: Why Q is failing and not turning around. Interesting article, Bye Q as we know it.

Not 2 Day — Fri, 10 Mar 2023 01:43:52 GMT

@MW in Iowa wrote:
QVC isn't failing anymore than almost any other retailer , People do watch less cable for sure , and stream more than ever. There are 800 stores closing this year from a variety of retail. I am not shocked about lay offs , but i am still scratching my head at the choice of Carolyn though , But there are always things we don't know.

This is true. Lots of Walmarts closing. Amazon closing locations and laying off. This is despite the fact that they had stellar record earnings since the pandemic and increased the cost of Prime Membership. Their earnings really were good. The buckle tightening isn't always about loss or proft. Sometimes it's about bloat.....

American Greed plays a significant role as well.

Re: Why Q is failing and not turning around. Interesting article, Bye Q as we know it.

granddi — Fri, 10 Mar 2023 01:49:31 GMT

Final thoughts

Qurate is a technologically inferior business that has been eaten alive following a change in consumer spending habits. The company has a loyal customer base that will continue to shop but this number is dwindling, with new customers not even replacing those leaving. The company does not inherently offer anything unique, which makes the long-term difficult

I got the article by google Seeking Alpha Qurate group.

Re: Why Q is failing and not turning around. Interesting article, Bye Q as we know it.

Kachina624 — Fri, 10 Mar 2023 01:59:05 GMT

Well, QVC is not unique and is right there with all the rest, struggling to stay above water. @ellaphant Do you know of a single one that is going great guns and making lots of money? They've all had layoffs with probably more to cone. You speak as though they are the only one with an earnings deficit.

Re: Why Q is failing and not turning around. Interesting article, Bye Q as we know it.

febe1 — Fri, 10 Mar 2023 02:15:07 GMT

The Q'a earnings have been going south for more than a decade.

Re: Why Q is failing and not turning around. Interesting article, Bye Q as we know it.

tiny 2 — Fri, 10 Mar 2023 03:10:35 GMT

@ellaphant wrote:
https://seekingalpha.com/article/4585610-qurate-retail-struggling-business-tough-times-ahead

If link doesn't work go to
seekingalpha.com
and look for Qurate article.

@ellaphant

Scroll down. Read some of the other articles. Some are more specific to QVC and HSN. Apparently they have always carried a lot of debt but had plenty coming in. Now they have tremendous debt coming due. I also read that when they purchased HSN that somehow it was over valued by a lot then discovered that they paid way to much for it. Various articles have different information that some others do not. Some have questions and answers at the end where some people ask the author specific questions. You can also google and come up with some articles.

Re: Why Q is failing and not turning around. Interesting article, Bye Q as we know it.

geegerbee — Fri, 10 Mar 2023 03:12:05 GMT

i have been with QVC over 40 years. Bet if they didn't have 5 or 6 hrs. of the TSV all the time it would help. Don't want to tune in to a kitchen show where 1 hr. is dedicated to a vacuum cleaner with 4 more hour long vacuum cleaner segments. Same with whatever the TSV is whether a mattress, food item, skin care etc.....over and over and over. And maybe they could go back to a 50 state search for new products. And maybe they could sell more t-shirts if they weren't $50 each. QVC, go back to what worked and garnered buyers.

Re: Why Q is failing and not turning around. Interesting article, Bye Q as we know it.

JONNYSBRO — Fri, 10 Mar 2023 03:13:28 GMT

Quarte should sell HSN to a different company. Honestly taking HSN out of QVC would bring it down. This merger never should have happened

Re: Why Q is failing and not turning around. Interesting.

Icegoddess — Fri, 10 Mar 2023 04:02:52 GMT

@Marceil wrote:
If qvc tanks I hope Kim Gravel can sell her clothes somewhere else. I only wear her jeans anymore.

@Marceil I don't know about clothes, but some of her makeup is on Amazon.

Re: Why Q is failing and not turning around. Interesting article, Bye Q as we know it.

ellaphant — Fri, 10 Mar 2023 04:28:00 GMT

@Kachina624 wrote:
Well, QVC is not unique and is right there with all the rest, struggling to stay above water. @ellaphant Do you know of a single one that is going great guns and making lots of money? They've all had layoffs with probably more to cone. You speak as though they are the only one with an earnings deficit.

Read the article. A big reason Q is tanking is they have a loyal core base but are not expanding their new customer base. They've been doing poorly for a decade.