Among Friends

[SEGardener]

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@Meowingkitty wrote:

According to Bloomberg.

The move, first reported by Bloomberg News, suggests the company is exploring options for refinancing or restructuring its existing obligations. The search for financial expertise comes as QVC navigates a changing retail landscape. What We Know So Far QVC is seeking advice on its $5 billion debt. Bloomberg News initially reported the news. The company might potentially be considering refinancing options. The move comes amid a shifting retail environment. Details regarding the specific nature of the advice QVC is seeking remain limited. Though, analysts speculate that the company coudl be aiming to secure more favorable terms on its debt or to streamline its financial structure. “Companies often seek external advice when facing important debt obligations,” said Michael Grant, a financial analyst at Grant Thornton. “This allows them to explore all available options and make informed decisions about their financial future.” QVCS Debt Strategy The company’s decision to seek external counsel highlights the increasing complexity of managing debt in today’s economic climate. QVC, like many retailers, faces pressure to adapt to evolving consumer preferences and technological advancements. Key Milestones 2017: QVC acquires HSN in a major retail merger. 2020: E-commerce sales surge during the COVID-19 pandemic. 2023: QVC announces restructuring plans to streamline operations. 2024: the company faces increasing competition from online retailers. 2025/05/27: Bloomberg News reports QVC is seeking advice on its $5 billion debt.

The company’s decision to seek external counsel highlights the increasing complexity of managing debt in today’s economic climate. QVC, like many retailers, faces pressure to adapt to evolving consumer preferences and technological advancements.

Key Milestones

• 2017: QVC acquires HSN in a major retail merger.
• 2020: E-commerce sales surge during the COVID-19 pandemic.
• 2023: QVC announces restructuring plans to streamline operations.
• 2024: the company faces increasing competition from online retailers.
• 2025/05/27: Bloomberg News reports QVC is seeking advice on its $5 billion debt.

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TV online shopping is a dying sector.  Online shoppers are savvy and have developed the skills to find best pricing and product.  They also have learned their business demand customer service that meets their needs.  QVC continues outmoded customer service practices and slow to refund.  Someone was not paying attention.

[SEGardener]

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@10sluvr wrote:

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@Skyegirl21 wrote:

How does a company allow itself to get in debt so deeply? Wouldn't a CEO make changes before it gets to that amount? 

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I think there are many companies that are struggling and deeply in debt. I loved bed,bath and beyond. they were huge always busy and all round great stores, yet they went under. Now, back as an online store but not the same. Penny's has been on the brink of closing, too. I think covid and  azon has hurt retail.  sad but true.

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And major retail outlets's balance sheets are much larger.  Amazon as an examle pulls $220+Billion in sales per year.

[chrystaltree]

I am not a shareholder so I don't care.

[minnie 50]

Maybe if they stop paying all these hosts half million a year salary!!!

[Leahbeth70]

When you can go to Amazon and buy alot of the same things QVC sells and I'm talking the same brand names like Mut Luxs, Cuddle Duds, Clark's and others. They're cheaper and I don't pay for shipping. If you like watching certain hosts look at themselves in the monitor every 20 seconds and if you enjoy the singing and dancing, they think they're on Broadway, then it's perfect for you. Personally I'm tired of hearing that every product is the best. Not possible!!

[Anglvslar]

If they are unable to roll the debt or generate the cash flow to service it, creditors will sell the assets. Call me crazy... But I could see Amazon buying the studio, bringing in the top vendors for each of their categories. Have it all tied in to their massive distribution network. You have your item the next day with Prime. Viola'... Quality Value Convieniece namesake is restored. I love QVC... I hope I am wrong!!

[CalminHeart]

Q makes a lot of stupid decisions. Having held a fairly high ranked position at a huge international corporation, it's easy for me to see they are doing the wrong things if they want to become profitable again.

[CalminHeart]

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@katie1859 wrote:

I don't know about everyone but if we head to WW 3

Im not going to worry about the availability of PACKABELLE

PANTS LOLOLOL

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I often say I'm glad I'm as old as I am so I won't have to see our country after it's destroyed by greed, vengeance, alliances with the wrong entities/people, criminals in office, and hate. 

[CalminHeart]

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@snipsnapsnur wrote:

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@katie1859 wrote:

I don't know about everyone but if we head to WW 3

Im not going to worry about the availability of PACKABELLE

PANTS LOLOLOL

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Are you serious?  

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Yep. People need to take off their rose colored glasses and listen to legitimate news and facts. 

[Group 5 minus 1]

I'd like to see shorter sales presentations. Don't know if that will help their debt prob., but I think the presentations are just too long.