topic Re: An Accountant's Observation On QVC in Q Talk

An Accountant's Observation On QVC

Ronettes — Thu, 26 Feb 2026 21:16:02 GMT

While I was getting the taxes done this morning, I asked my accountant for her thoughts on the QVC situation.

She said many companies and corporations go through this process. Even if QVC does have to file Chapter 11 and go the bankruptcy route, etc., they would reorganize the corporation, getting rid of dead wood and anything unnecessary, streamline their stock and employees, and completely reconstruct so that they can move forward.

And coming from a professional, I believe she is correct and QVC will survive.

Which I'm very happy about!

Re: An Accountant's Observation On QVC

Tinkrbl44 — Thu, 26 Feb 2026 21:30:45 GMT

@Ronettes wrote:
While I was getting the taxes done this morning, I asked my accountant for her thoughts on the QVC situation.
She said many companies and corporations go through this process. Even if QVC does have to file Chapter 11 and go the bankruptcy route, etc., they would reorganize the corporation, getting rid of dead wood and anything unnecessary, streamline their stock and employees, and completely reconstruct so that they can move forward.
And coming from a professional, I believe she is correct and QVC will survive.
Which I'm very happy about!

@Ronettes

Your CPA is correct. A LOT of companies need to go through a financial restructuring, with an eye to the future. It puts them on a firmer footing.

While the financial restructuring is one thing .... I hope they will also do a serious re-evaluation of their Sales and Marketing strategies ... and get rid of 2 of the 3 channels they have. That never made sense to me.

Re: An Accountant's Observation On QVC

kaydee50 — Thu, 26 Feb 2026 21:32:53 GMT

They will survive (probably) but not in their current form.

Re: An Accountant's Observation On QVC

Ronettes — Thu, 26 Feb 2026 21:34:19 GMT

@Tinkrbl44 wrote:
@Ronettes wrote:
While I was getting the taxes done this morning, I asked my accountant for her thoughts on the QVC situation.
She said many companies and corporations go through this process. Even if QVC does have to file Chapter 11 and go the bankruptcy route, etc., they would reorganize the corporation, getting rid of dead wood and anything unnecessary, streamline their stock and employees, and completely reconstruct so that they can move forward.
And coming from a professional, I believe she is correct and QVC will survive.
Which I'm very happy about!

@Ronettes

Your CPA is correct. A LOT of companies need to go through a financial restructuring, with an eye to the future. It puts them on a firmer footing.

While the financial restructuring is one thing .... I hope they will also do a serious re-evaluation of their Sales and Marketing strategies ... and get rid of 2 of the 3 channels they have. That never made sense to me.

I agree - and I thought they only had 2 channels?

Wow, 3 is stretching it!

Re: An Accountant's Observation On QVC

manny2 — Thu, 26 Feb 2026 21:50:32 GMT

@kaydee50 wrote:
They will survive (probably) but not in their current form.

I agree @kaydee50 QVC’s situation is more serious than a routine corporate cleanup. Reports show they are working with advisors on how to handle over $6 billion in debt, and Chapter 11 is one option being discussed. If they do file, they would continue operating, but they would have to reorganize and make major changes to stay relevant. Declining viewership, stock losses, and multiple layoffs mean QVC cannot survive by staying the same. Reorganization is possible, but it will require real change.

Re: An Accountant's Observation On QVC

Ronettes — Thu, 26 Feb 2026 22:29:23 GMT

@manny2 wrote:
@kaydee50 wrote:
They will survive (probably) but not in their current form.

I agree @kaydee50 QVC’s situation is more serious than a routine corporate cleanup. Reports show they are working with advisors on how to handle over $6 billion in debt, and Chapter 11 is one option being discussed. If they do file, they would continue operating, but they would have to reorganize and make major changes to stay relevant. Declining viewership, stock losses, and multiple layoffs mean QVC cannot survive by staying the same. Reorganization is possible, but it will require real change.

Which is exactly what I said.

Reorganization and Reconstruction.

Sheesh!

Re: An Accountant's Observation On QVC

tansy — Thu, 26 Feb 2026 22:31:37 GMT

Was your accountant a QVC customer, @Ronettes?

Re: An Accountant's Observation On QVC

Desertdi — Thu, 26 Feb 2026 22:46:54 GMT

I worked the credit desk at a major wholesale supplier. Any customer who is in bankruptcy...has a credit line of CASH ONLY.

That means "Uncle Sam's Greenbacks". NO checks, promissory notes, partial payments, etc. Our salesman will be happy to pick it up at your door...even drive you to the bank.

Re: An Accountant's Observation On QVC

drizzellla — Thu, 26 Feb 2026 22:38:45 GMT

@Ronettes wrote:
@Tinkrbl44 wrote:
@Ronettes wrote:
While I was getting the taxes done this morning, I asked my accountant for her thoughts on the QVC situation.
She said many companies and corporations go through this process. Even if QVC does have to file Chapter 11 and go the bankruptcy route, etc., they would reorganize the corporation, getting rid of dead wood and anything unnecessary, streamline their stock and employees, and completely reconstruct so that they can move forward.
And coming from a professional, I believe she is correct and QVC will survive.
Which I'm very happy about!

@Ronettes

Your CPA is correct. A LOT of companies need to go through a financial restructuring, with an eye to the future. It puts them on a firmer footing.

While the financial restructuring is one thing .... I hope they will also do a serious re-evaluation of their Sales and Marketing strategies ... and get rid of 2 of the 3 channels they have. That never made sense to me.

I agree - and I thought they only had 2 channels?
Wow, 3 is stretching it!

Yesterday for the FIRST time I realized that QVC had 3 channels! I thought they had 2 until yesterday.

Re: An Accountant's Observation On QVC

manny2 — Sat, 28 Feb 2026 13:20:06 GMT

@Ronettes wrote:
@manny2 wrote:
@kaydee50 wrote:
They will survive (probably) but not in their current form.

I agree @kaydee50 QVC’s situation is more serious than a routine corporate cleanup. Reports show they are working with advisors on how to handle over $6 billion in debt, and Chapter 11 is one option being discussed. If they do file, they would continue operating, but they would have to reorganize and make major changes to stay relevant. Declining viewership, stock losses, and multiple layoffs mean QVC cannot survive by staying the same. Reorganization is possible, but it will require real change.
Which is exactly what I said.
Reorganization and Reconstruction.
Sheesh!

A lot more than getting rid of "dead wood!"

Re: An Accountant's Observation On QVC

shoekitty — Thu, 26 Feb 2026 23:10:37 GMT

@Desertdi wrote:
I worked the credit desk at a major wholesale supplier. Any customer who is in bankruptcy...has a credit line of CASH ONLY.

That means "Uncle Sam's Greenbacks". NO checks, promissory notes, partial payments, etc. Our salesman will be happy to pick it up at your door...even drive you to the bank.

@Desertdi They sure do! I remember a couple businesses in bankruptcy. They stayed open. I am not sure of the circumstances... However, a financial person was sent to manage front desk. All money that came in was cash, and it went though them.

Re: An Accountant's Observation On QVC

spent2much — Thu, 26 Feb 2026 23:31:34 GMT

I agree - and I thought they only had 2 channels?
Wow, 3 is stretching it!

I live in CT and for me, QVC has 3 channels. My friend, who lives near Syracuse, NY, gets 4 QVC channels!!!!!

Re: An Accountant's Observation On QVC

Spacrazy — Fri, 27 Feb 2026 00:34:40 GMT

@kaydee50 Well said.

Re: An Accountant's Observation On QVC

Tinkrbl44 — Fri, 27 Feb 2026 02:19:20 GMT

@spent2much wrote:
I agree - and I thought they only had 2 channels?
Wow, 3 is stretching it!

I live in CT and for me, QVC has 3 channels. My friend, who lives near Syracuse, NY, gets 4 QVC channels!!!!!

@spent2much @Ronettes

FOUR channels? Not to put too fine a point on it, but whose stupid idea was THAT?

Re: An Accountant's Observation On QVC

BalletBabe — Fri, 27 Feb 2026 02:30:26 GMT

I wonder if this has something to do with 2 easy pays? They do so many things wrong that I don't think they will survive. Prices are out of control. 2 easy pays isnot going to help for high priced items.

Everything is on sale, but yet it really is not on sale.

Re: An Accountant's Observation On QVC

Franklinbell — Fri, 27 Feb 2026 03:51:14 GMT

I believe it will be interesting to see what happens. I believe change is in the future.

Re: An Accountant's Observation On QVC

ajsidney12 — Fri, 27 Feb 2026 13:53:37 GMT

I have always said they need to dump the extra channels, easy cuts right there. (PS, same with HSN who does not even put live broadcasts on HSN2).

Speaking as a non-accountant, they really need to decide if you want to compete with the "Am-zons" of the world, free shipping or some kind of club fee to get perks (without some specific store credit card) is going to be necessary. If they are not going this route, they need to get rid of stock, and streamline. There are thousands and thousands of items on the website that never see airtime. And I get that, however that also means all that product is stored wasting space somewhere. Get rid of it asap. They know what sells and what does not. Fire sale it, and eliminate waste.

Their corporate types should use LEAN practices, or some other corporate streamline strategies where the first step is Eliminating Waste. Second step, what is the Value the Customer expects (is it cost of product? quality materials? is it more variety? and so on). And, they need to continually improve. There is more to it without boring everyone, but LEAN or Sixsigma is used all over corporate and not-so corporate industries, like Construction for example. It requires an actual dedicated commitment from Q, and buy-in from it's vendors, suppliers, and the whole team who provides the services to us, the Customer.

Re: An Accountant's Observation On QVC

CalminHeart — Fri, 27 Feb 2026 13:04:47 GMT

As a retired corporate executive, I could list a dozen easy things they could do to help save themselves. One would think someone on the Board of Directors or Executive Board would recognize the same things. Instead, Q insists on doing the same old, same old, but expecting different results.

Making real changes will be hard for people who haven't made any in many years.

Re: An Accountant's Observation On QVC

Still Raining — Fri, 27 Feb 2026 15:08:35 GMT

The debt restructuring might be what does them in. A lot coming due this year. Debt is an indicator that bankruptcy will not work well.

Gotta say ask "When did you last order from the Sears Catalog?" Times have changed.

Re: An Accountant's Observation On QVC

They CallMe MRWILKES — Fri, 27 Feb 2026 20:34:24 GMT

The purpose of Chapter 11 is to restructure, reduce and eliminate unsecured debt.

Sometimes it works, sometimes it doesn't.

The $3 billion credit facility due in October is secured, so those banks get paid first, one way or the other, even if liquidation and dissolution and sale of every asset is necessary!

The "changes" suggested aren't going to stop October from happening. But there are always hopes and a dream.

I am almost certain that JP Morgan doesn't want a business model return to 1980s cable-centric broadcasting. The young bankers in charge of Revolving Credit Facility loans probably don't even know what QVC is.