topic Re: QVC Leaving? in Community Chat

QVC Leaving?

dmeasy — Thu, 04 May 2023 20:19:37 GMT

Why are the people on this forum talking about QVC leaving. I have never heard that before. I would miss the station, they have some very unique things to offer. I watch when things are interesting to me. i hope they are not leaving the air.

Re: QVC Leaving?

50Mickey — Thu, 04 May 2023 20:32:12 GMT

People are speculating about the demise of QVC because things aren't going well for the company. Changes may be coming but until we hear something definite I wouldn't spend too much time stewing over this.

Re: QVC Leaving?

moonandthestars — Thu, 04 May 2023 20:49:01 GMT

Yes there has been some negative financial news. And people have been posting with much criticism and pessimism, about the company, about it's management. However, instead of singling out qvc/quarate as the problem / the outlier, why not look at oh so many companies that are having negative financial news. It's really a larger story than just this one company and to single them out seems very unfair. Hope it all can turn around.

Re: QVC Leaving?

Sage04 — Thu, 04 May 2023 20:53:12 GMT

It's similiar to Posters saying "the Forums are closing, the Forums are closing".

I guess they all have a crystal ball.

Re: QVC Leaving?

They CallMe MRWILKES — Thu, 04 May 2023 21:48:44 GMT

I don't see anything at all wrong with posters discussing the possible future of Qurate.

Many of us enjoy reading and analyzing the fiscal disclosures and have the right to post opinions as to possible outcomes after looking at the financial results.

It certainly is a popular topic garnering much commentary, and there is surely nothing wrong with that. No crystal ball required to interpret balance sheets and income statements.

If these discussions bother you, brace yourself for tomorrow, be the outcome positive or negative.

Re: QVC Leaving?

Kachina624 — Thu, 04 May 2023 21:59:54 GMT

@dmeasy Maybe you should take the time to read about QVC's desperate financial state. There was a good thread on the subject here yesterday.

It's more serious than just missing a place to shop. Thousands of people's jobs are on the line.

Re: QVC Leaving?

Kachina624 — Thu, 04 May 2023 22:05:11 GMT

@Sage04 wrote:
It's similiar to Posters saying "the Forums are closing, the Forums are closing".

I guess they all have a crystal ball.

@Sage04 It's more serious than speculation with a crystal ball. There's the serious reality of company stock now being next to worthless. Do you think banks are going to lend them money to buy merchandise? These things snow-ball.

Re: QVC Leaving?

hckynutjohn — Thu, 04 May 2023 22:11:23 GMT

The infamous James Carville came up with this statement in 1992, and I am quoting.

"It's the economy stupid"

Take it from there if you wish.

hckynut 🇺🇸

Re: QVC Leaving?

Foxxee — Thu, 04 May 2023 22:29:08 GMT

Right now QVC is holding onto it's three channels. We have no idea what it will do tomorrow.

You probably know, QVC is having financial difficulties and what that means on Wall Street. Nasdaq doesn't like stock going below $1.00 and delisted Qurate.

I doubt QVC will fail if it keeps it's TV programming. Without TV, it will become any other online retailer. Even more boring. Oh Where Oh Where are all the brick and mortar stores that I loved to run around checking everything out?

I do not think digital presentations will save QVC. Besides, other retailers have been offering digital, too.

This company has loyal customers beyond belief who will pull them through even though it might see very troubling times in the future.

Re: QVC Leaving?

Mz iMac — Thu, 04 May 2023 22:56:47 GMT

@dmeasy Then watch The Home Shopping Club (HSN). Same company, different vibe.

Re: QVC Leaving?

chrystaltree — Thu, 04 May 2023 23:01:23 GMT

Don't worry, QVC isn't going anywhere for years to come.

Re: QVC Leaving?

stevieb — Thu, 04 May 2023 23:02:38 GMT

@They CallMe MRWILKES wrote:
I don't see anything at all wrong with posters discussing the possible future of Qurate.

Many of us enjoy reading and analyzing the fiscal disclosures and have the right to post opinions as to possible outcomes after looking at the financial results.

It certainly is a popular topic garnering much commentary, and there is surely nothing wrong with that. No crystal ball required to interpret balance sheets and income statements.

If these discussions bother you, brace yourself for tomorrow, be the outcome positive or negative.

I agree with you, it's a pertinent topic for these forums. And, I would note, as for the question asking why not a broader discussion about all retail, that's often discussed here as well. Still, the reality is that what impacts QVC directly impacts these forums.

Re: QVC Leaving?

Sage04 — Thu, 04 May 2023 23:55:21 GMT

@Kachina624 wrote:

@Sage04 wrote:
It's similiar to Posters saying "the Forums are closing, the Forums are closing".

I guess they all have a crystal ball.
@Sage04 It's more serious than speculation with a crystal ball. There's the serious reality of company stock now being next to worthless. Do you think banks are going to lend them money to buy merchandise? These things snow-ball.

@Kachina624 whatever will be will be. Not my problem. Just enjoying the Forums as long as possible and shopping for whatever.

Re: QVC Leaving?

ellaphant — Fri, 05 May 2023 00:04:30 GMT

@Foxxee wrote:
Right now QVC is holding onto it's three channels. We have no idea what it will do tomorrow.

You probably know, QVC is having financial difficulties and what that means on Wall Street. Nasdaq doesn't like stock going below $1.00 and delisted Qurate.

I doubt QVC will fail if it keeps it's TV programming. Without TV, it will become any other online retailer. Even more boring. Oh Where Oh Where are all the brick and mortar stores that I loved to run around checking everything out?

I do not think digital presentations will save QVC.  Besides, other retailers have been offering digital, too.

This company has loyal customers beyond belief who will pull them through even though it might see very troubling times in the future.

" pull them through?"

QVC has had negative numbers for the last several quarters.

Re: QVC Leaving?

rockygems123 — Fri, 05 May 2023 00:17:55 GMT

@Sage04 wrote:
It's similiar to Posters saying "the Forums are closing, the Forums are closing".

I guess they all have a crystal ball.

@Sage04 . It's not a baseless guess about QVC in financial trouble. The financial reports are literal numbers that place QVC in a very weak borrowing position. Purchasing restrictions and paying higher interest rates are consequences of low financial strength which is QVC currently.

Not a guess, they are numbers and facts.

Re: QVC Leaving?

Sage04 — Fri, 05 May 2023 00:28:24 GMT

@rockygems123 wrote:
@Sage04 wrote:
It's similiar to Posters saying "the Forums are closing, the Forums are closing".

I guess they all have a crystal ball.
@Sage04 . It's not a baseless guess about QVC in financial trouble. The financial reports are literal numbers that place QVC in a very weak borrowing position. Purchasing restrictions and paying higher interest rates are consequences of low financial strength which is QVC currently.

Not a guess, they are numbers and facts.

@rockygems123 I don't care. It does not affect me. I'm at a stage in my life where something like this does not bothers me. All I care about is what happens to my family. I put what's happing here on the same page as watching the Coronation.

Re: QVC Leaving?

rockygems123 — Fri, 05 May 2023 00:23:34 GMT

@chrystaltree wrote:
Don't worry, QVC isn't going anywhere for years to come.

@chrystaltree Said followers of Bed Bath & Beyond, Tuesday Morning, Sears, David's Bridal, Party City, Revlon, Macy's struggling etc.

Granted they're brick & mortar which have been challenged by online giants.

So has QVC, it may be an outdated retail venue which is sad but somewhat predictable.

Re: QVC Leaving?

Janey2 — Fri, 05 May 2023 01:53:36 GMT

I don't think QVC is so outdated. With all the stores closing (2Nordstrom's closed this week) people will shop somewhere. QVC has to step up and figure how to make it a more attractive place to shop. Someone with retail smarts has to come in and do a makeover. I hate to say it, but having 2 hosts on most shows is a place to start. Unnecessary. I am sure there are lots more things that QVC can do to help itself succeed. Maybe the right people are not running the company.

Re: QVC Leaving?

Trailrun23 — Fri, 05 May 2023 02:31:05 GMT

Nothing but speculation. QVC is by far not the only one that does not have stellar financials right now. Probably since so many other places are closing, it is natural for some to wonder if QVC is also vulnerable

Re: QVC Leaving?

FiddleDeeDee — Fri, 05 May 2023 03:24:04 GMT

Their stocks are down 84% and they may be delisted. It's a serious situation and one I hope they can rebound from. This was from a business article 2 days ago.